While the Lenovo brand came into existence only in 2004 the company has a much longer history. In 1984 Legend Holdings was formed with 200000 RMB US25000 in a guard house in China. The company was incorporated in Hong Kong in 1988 and would grow to be the largest PC company in China. Legend Holdings changed its name to Lenovo in 2004 and in 2005 acquired the former Personal Computer Division of IBM.