Legend Holdings
 |
|
| Public | |
| Traded as | : 3396 |
| Founder | Liu Chuanzhi |
| Headquarters |
Tower A, Raycom InfoTech Park 2 Zhongguancun Academy of Sciences South Road Beijing, China |
| Subsidiaries |
Lenovo Hony Capital Legend Star iByer Dental Joyvio Legend Capital Eloancn Yindou |
| Website | legendholdings |
Legend Holdings Corporation (Chinese: 联想控股股份有限公司) is a Chinese investment holding company with interests in finance, real estate, and information technology, and the controlling shareholder of its better-known subsidiary, the Lenovo Group. Formed by the Chinese Academy of Sciences, Lenovo was originally Legend Computer, until the English name was changed in 2004. Its Chinese name however remains the same, 联想 (
Liánxiǎng).
In June 2012, Liu stepped down as chairman of Legend Holdings, the parent company of Lenovo. In the years just prior to his resignation, Liu focused on improving Legend's growth, building-up its core assets, and issue a public offering of stock between 2014 and 2016. Legend's major assets include Lenovo, Legend Capital, a real-estate venture called Raycom, Digital China, and Hony Capital.
In an interview with the BBC, Liu said that his vision for Legend is for it "to become an industry in it its own right" and that he wants it "to be become the top enterprise across industries...not only in China, but in the whole world." Liu said that he realises that his vision is extremely ambitious and may have to be left to his successors to implement.
Liu said in an interview with Forbes that he hopes to diversify away from IT-related businesses and that Legend Holding's assets will be focused mainly on information technology, real estate, services, coal processing, and agriculture. He said agriculture "will become the next strategic development area for Legend Holdings." Liu says agriculture is just one part of what he sees as "huge" opportunities in sectors that cater to Chinese consumers. In the same interview, Liu said that Legend's focus will continue to remain on China. "Whatever we do has to fit into something we are doing in China," said Liu when referring to plans for overseas investment. Liu said in July 2012 that he plans to take Legend Holdings public with a listing in Hong Kong. Forbes speculated that Liu may be trying to "create a Chinese version of General Electric."
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