"Quality China" began not with Xiaomi or Huawei, but Lenovo laptops - exactly 16 years ago

Exactly 16 years ago, on December 8, 2004, the American company IBM sold its computer production to the Chinese Lenovo.

From that moment on, the success story of computers from the famous brand from the Middle Kingdom began.

Companies have confirmed previous rumors andofficially announced the deal. According to its terms, the division for the production of IBM PCs (including ThinkPad laptops) goes to Lenovo. For this, the Chinese corporation had to pay $ 1.75 billion and 18.9 percent of its shares.