1981 IBM PCD introduces its first personal computer, the IBM PC 1984 IBM PCD introduces its first portable computer, the IBM Portable PC, weighing 30 pounds. With an initial capital outlay of only RMB200,000, (US$25,000) Lenovo's founding chairman Liu Chuanzhi, together with 10 like-minded colleagues, launches the New Technology Developer Inc. (the predecessor of the Legend Group) funded by the Chinese Academy of Sciences. 1986 IBM PCD announces its first laptop computer, the PC Convertible, weighing 12 pounds. 1988 Legend's Chinese-character card receives the highest National Science-Technology Progress Award in China. Legend Hong Kong is established.