Liu Chuanzhi founded Hong Kong Lenovo in 1988. In 1997, Beijing Lenovo merged with Hong Kong Lenovo, and Liu Chuanzhi became chairman of Lenovo Group. Liu Chuanzhi resigned as chairman of Lenovo Group in 2004.
In September 2009, Liu Chuanzhi became chairman of Lenovo Group. On November 2, 2011, Lenovo Group announced Liu Chuanzhi's resignation as chairman of the board of directors and honorary chairman of Lenovo Group. In September 2019, Liu Chuanzhi resigned as the legal representative of Lenovo Holdings (Tianjin) Co., Ltd., who was replaced by Zhang Xin, and also cancelled the legal representatives of several companies under his company.
At that time, the rumors about Liu Chuanzhi's retirement were already raging. In May 2019, Liu Chuanzhi talked about retirement in an interview, saying that retirement has been put on the agenda. He said, "I want to be self aware. The ideal state is to serve as the honorary chairman of Lenovo holdings. The company has big strategic problems. I just know that only by looking at the final results of young people, that's what an old man really should do."