Lenovo Group Limited, commonly known as Lenovo, is a Chinese consumer electronics company that is based in Morrisville, North Carolina. The company was founded in 1984 in Beijing, China by Chinese businessman Liu Chuanzhi, and was eventually incorporated in Hong Kong in 1988 under its former name, Legend. Lenovo became a publicly traded company after listing in Hong Kong in 1994. The name Lenovo, which is a shortened portmanteau of the words Legend and the Latin word "novo" (meaning: new) was officially used in 2003 when the company announced its plans to develop outside China. Lenovo's products include personal computers, notebooks, tablets, AIOs, mobile phones, servers, storage devices, workstations, and more. Lenovo is one of the world's largest PC vendors.