Established in 1984, Lenovo ranks as the World’s Second Largest computer manufacturer.Liu wanted to be a military pilot after completing high school in 1962. His leadership emphasizes the core management team, strategy and execution – seeking to take the best Western management theories and apply them to the reality of creating a Chinese-based global brand. In an interview with The Economist he said, "Our earliest and best teacher was Hewlett-Packard." CAS Holdings … In 1966, he told his classmates that the revolution was a terrible idea and was sent to a state-owned rice farm near Macau in Guangdong as a result. Liu came up with the idea to start Lenovo in response to a lack of funding at the Chinese Academy of Sciences (CAS). Liu Chuanzhi started the business with a $24,000 loan from the Chinese government in 1984. In order to save money during this period, Liu and his co-workers walked instead of taking public transportation. [3][2], Lenovo also tried and failed to market a digital watch. Number two: Would employees continue to work for the new owner? In 1990, Lenovo started to assemble and sell computers under its original brand name, Legend. Liu said agriculture is just one part of what he sees as "huge" opportunities in sectors that cater to Chinese consumers. But we only produced one of each. Academic library - free online college e textbooks - info{at}ebrary.net - © 2014 - 2021. Joyvio has taken over day-to-day control of Longguan. Many tech leaders are also party members, including Ma, Lenovo founder Liu Chuanzhi and Huawei’s Ren Zhengfei. I was wearing an old business suit of my father's and I sat in the back row. Liu said in an interview that he planned to float Legend's stock on a domestic Chinese exchange before his retirement. The Chinese Academy of Sciences Holdings (CAS Holdings) is the largest shareholder of conglomerate Legend Holdings and the ultimate parent of Lenovo Group. Liu Chuan-Ling Member of the Standing Committee of Liuzhou CCP In the same interview, Liu said that Legend's focus would continue to remain on China. [2], Lenovo became a publicly traded company after listing in Hong Kong in 1994, raising nearly US$30 million. Despite its rhetoric of market-oriented reform, the Chinese government was reluctant to relax state control of the economy. Chuanzhi Liu is also a deputy to the 16 th and 17th National Congress of the Chinese Communist Party (CCP), and a delegate to the 9th, 10th and 11th National People’s Congress (NPC) of China. Lenovo is now the second-largest computer group in the world. That company is closely connected to Liu Chuanzhi, the chairman of the China Entrepreneur Club (CEC) and the founder of Legend Holdings—the parent company of Lenovo, one of the world’s largest computer companies. Liu Chuanzhi said he aims to bring innovation and commercial methods to the tea industry. His daughter served as the president of Didi. 3:07 PREVIEW A Beautiful Legend (You Yi Ge Mei Li de Chuan Shuo) Liu Shiming. Chuanzhi Liu was born in Zhenjiang City, Jiangsu Province in 1944. You made planet earth a MUCH better place! This occurred several times until Liu learned that he had to choose his words carefully in public. login to vote. Now, Mr Jack Ma has become a case study for the firms' biggest sceptics. Liu's daughter Liu Qing (柳青) is an alumna of Peking University. Its purpose is to strengthen the sense of social responsibility among China's young entrepreneurs. [9], Liu is a member of the China Entrepreneurs Club (CEC). 3:54 PREVIEW My Motherland and Me (Wo He Wo de Zu Guo) Zheng Li. He received Second National Technology Entrepreneurs Gold Award in 1990. [2] After the Communist victory in 1949, Liu's family moved to Beijing, where they lived in a traditional courtyard home located on a hutong in the Wangfujing area. Liu later came to understand that he was accountable to shareholders. Liu is also deeply concerned with the rule of law. Member of the planning committee. [12], Joyvio announced on 30 March 2014 that it had acquired a 60 percent share of Hangzhou Longguan Tea Industrial Company for about 30 million yuan or about US$4.83 million. Lyrics for A Crescent Moon (Wan Wan De Yue Liang) by Liu Huan. Top lyrics Community Contribute Business. "[15], As of 2002, Liu served as vice-chairman of the All-China Federation of Industry and Commerce. Liu Chuanzhi has made a significant contribution to the company's institution and mechanism construction, strategy development, business expansion, management methodology and … Liu Gushu abandoned scholarship and passed an exam for employment with the Bank of China. The group rebuilt itself within a year by conducting quality checks on computers for new buyers. That company is closely connected to Liu Chuanzhi, ... Liu has long been involved in CCP politics, including serving as a representative to the 9th, 10th, and 11th sessions of the National People’s Congress of the PRC and as a representative to the 16th and 17th National Congress of the Chinese Communist Party. Being late for a meeting could be punished by having to stand in silence before the group, a punishment that Liu accepted three times himself. I didn't care that the investment was small, but I knew I must have control over finances, human resources and decision-making." His story mirrors the evolution of the country’s reform and opening-up, and his quotes have been spread widely. Type song title, artist or lyrics. Under his leadership, Legend has accomplished numerous achievements that paved the way for its future. [9], Liu led an initial public offering for Legend on the Hong Kong Stock Exchange in 2015. WWG1WGA! Many tech leaders are also party members, including Ma, Lenovo founder Liu Chuanzhi and Huawei’s Ren Zhengfei. Deng directed then-CCP General Secretary Hu Yaobang. We developed the first electron-tube computer and the first transistor computer. Due to his political and class background, Liu was deemed unsuitable for such sensitive subjects and assigned to study radar. Lenovo's culture gradually changed and Liu was able to relax his authoritarian style. [10], Joyvio is Legend Holdings' vehicle for investment in the food industry. His daughter served as the president of Didi. "[2], Liu emphasized developing an effective working relationship with his superiors at the CAS from the very start. Under his leadership, Legend Holdings has become a conglomerate covering both investment and industrial businesses, and has developed a number of leading companies such as Lenovo, Digital China, Hony Capital and Raycom Real Estate. He said, "We were the top computer technology research organization in China. Liu said that he realized that his vision was extremely ambitious and may have to be left to his successors to implement. For more than ten years, Lenovo served as Hewlett-Packard's distributor in China. He said, "Now if the market is to play a central role and the government only plays the referee, only you will decide if you are going to win the race. The company was praised for its good management, strong brand recognition, and growth potential. The company had sales of 32.45 million yuan in 2012. Liu returned to Beijing where he took up a post in 1970 as an engineer-administrator at the Computer Institute that had earlier developed the Number 104, Number 109, and Number 111 mainframe computers. I hope the country's leaders could be elected by the elites of the society." We began to think about issues of credibility. Liu is chairman of Legend Holdings Ltd., Legend Capital, Hony Capital and Raycom Real Estate, and founder and honorary chairman of Lenovo. Many tech leaders are also party members, including Ma, Lenovo founder Liu Chuanzhi and Huawei’s Ren Zhengfei. Born in 1944 at Zhenjiang city of Jiangsu province in China, Chuanzhi Liu graduated from the Xi’an Military Communications Engineering Institution in 1966. "We were mainly scientists and didn't understand the market," Liu said. With high aspirations, he continually initiates new business areas for the Legend conglomerate, taking it to new heights. His daughter was the President of Didi. "[3], Lenovo's later takeover of IBM's personal computing business made him the first Chinese CEO to lead the takeover of a major American firm. His leadership emphasizes the core management team, strategy and execution – seeking to take the best Western management theories and apply them to the reality of creating a Chinese-based global brand. Liu Qing joined Didi Chuxing as chief operating officer in July 2014 after working at Goldman Sachs for 12 years. Undoubtedly, Liu Chuanzhi, founder of Lenovo Group, is one of China’s most famous entrepreneurs. That company is connected to a man named Liu Chuanzhi, who is the chairman of CEC and the founder of Legend Holdings—the parent company of Lenovo, one of the largest computer companies in the world. The company is also applying the OEM business model common in the technology industry in order to work effectively with small family farms and agricultural cooperatives. The work was just filed away." Chuanzhi Liu has contributed significantly to the Legend conglomerate in share structure reform, strategy development, business expansion, management methodology and culture, and talent nurturing. Liu's superior arranged for the academy to loan him and the other co-founders the afore-mentioned 200,000 yuan. Liu worked on the development of the Number 757 mainframe computer. In 2012, Forbes named Liu one of the 10 most important business leaders in China. Lenovo Group, China’s largest personal computer manufacturer, gained a great deal of attention when it acquired IBM’s PC unit in 2004. During his studies Liu received an introduction to computing. In the years just prior to his resignation, Liu focused on improving Legend's growth, building-up its core assets, and conducting a public stock offering between 2014 and 2016. Number three: Would there be potential conflicts between the Chinese management and the Western management? Analysts also worried about Lenovo's profitability.Lenovo's IPO was massively over-subscribed. 3:46 PREVIEW Friends (Pengyou) 臧天朔. [4], Unlike many other Chinese business leaders, Liu has often spoken out on political issues. Liu moved to Hong Kong in 1988. 96°C Café (1,839 words) exact match in snippet view article find links to article Lin 徐若琳 Li Qiao's elder sister, Bill's ex-girlfriend. During the first day of trading the company's stock price hit a high of HK$2.07 and closed at HK$2.00. He said, "when it comes to the inappropriate actions the government takes, businessmen don't have the courage or capacity to go against them; second, they lack the social responsibility to care for the whole world and what they do is to 'mind their own business. [1] He remains one of the leaders of the company. Chuanzhi Liu is also a deputy to the 16 th and 17th National Congress of the Chinese Communist Party (CCP), and a delegate to the 9th, 10th and 11th National People’s Congress (NPC) of China. That company is connected to a man named Liu Chuanzhi, who is the chairman of CEC and the founder of Legend Holdings—the parent company of Lenovo, one of the largest computer companies in the world. [2], Lenovo's founders, all scientists and engineers, faced difficulty from their lack of familiarity with market-oriented business practices, traditional Chinese ambivalence towards commerce, and anti-capitalist communist ideology. [11], Joyvio entered the imported wine business in late 2013. Liu Chuanzhi Success Story Successful people are sometimes born out of the most uncanny circumstances.As the founder of Lenovo , Liu Chuanzhi’s corporate life is often compared with Steve Job’s turnaround of Apple, Inc. No other Chinese entrepreneur has ever gained a reputation like Liu, who has been dubbed the business “godfather” in China. Lenovo's Hong Kong and Mainland China business units conducted a merger and secondary offering in 1997. Lenovo became an employer of choice for Chinese engineers and managers with overseas education. Liu Chuanzhi; Liu Chuanzhi. Liu was also anxious about his economic circumstances; in 1984, Liu had a growing family but an income of only 100RMB per month. That company is closely connected to Liu Chuanzhi, ... Liu is a former Chinese Communist Party delegate and was a leader of the 2011 CEC delegation to the White House. At the same time, he has nurtured a group of younger-generation leaders. [17], Liu was born in 1944 in Zhenjiang, Jiangsu, where his paternal grandfather was head of a traditional Chinese bank. He was named a Model Worker and Man of Reform in China, both in 1995. "[5], In December 2013 Liu expressed optimism about economic reform in China. From there he was sent to a farm in Hunan dedicated to reform through hard labor. [2][20], Liu is married and has three children. Joyvio's first product was blueberries. Liu's father developed a reputation as an honest and skilled banker. Liu's superiors immediately granted his request for autonomy. The CEC was founded in 2006. The offering received regulatory approval in June of that year. By the early 1980s, Liu had achieved relative success as a computer scientist but still felt frustrated with his career. The kiwifruit has been named "Liu Kiwi," in honor of Liu Chuanzhi. Sign in Sign up. Liu was born in 1944 in Zhenjiang, Jiangsu, where his paternal grandfather was head of a traditional Chinese bank. Liu Gushu abandoned scholarship and passed an exam for employment with the Bank of China. 8. Liu's grandfather sent his father, Liu Gushu (柳谷书), to study in Shanghai. 7. Liu was named one of the "Stars of Asia" by BusinessWeek magazine in 2000. He was born in Zhenjiang City of Jiangsu Province in 1944, and graduated from the People's Liberation Army Institute of Telecommunication Engineering (currently Xidian University) in China in 1966. Liu was a delegate to the 16th National Congress of Communist Party of China and a deputy to the 9th and 10th sessions of the National People's Congress, China's highest legislative body. "[5], Business ethics were a key challenge for Liu in establishing and expanding Lenovo. China had a strict planned economy and there was barely room for a freewheeling company like ours. 5. Relations (National Committee on U.S.—China Relations: NCUSCR 2005), Fifty Faces that Shaped a Decade (Financial Times 2009), Business Leader in a Decade of Economic Development in China (CCTV 2009), Pacemaker—Most Influential Model Worker Since the Founding of New China (All-China Federation of Trade Unions 2009), Entrepreneur for the World Award (World Entrepreneur Forum 2010), and 10 Most Powerful Businesspeople in China (Fortune/ CNN 2012). [21], All-China Federation of Industry and Commerce, "Gartner Says Worldwide PC Shipments Grew 3.6% in Third Quarter of 2020", "Liu Chuanzhi Has Legend Holdings In His Sights", "10 most powerful businesspeople in China", "Legend Holding's $2B IPO Approved, Investor Listing to Begin", "Legend applies its tech know-how to fruit", "Legend Holdings invests in green tea company - Headlines, features, photo and videos from ecns.cn-china-news-chinanews-ecns-cns", "Chuanzhi Liu: Executive Profile & Biography - Businessweek", "Lenovo's founder Liu Chuanzhi 'talks politics' again", "New generation of Chinese tycoons putting good causes before money", "Liu Chuanzhi 1944— Biography - Early hardships, Starting a computer company", "Full Bio of Liu Chuanzhi-Legend Holdings", "Tencent-Backed Didi Dache Pursues Buses, Government Cars After Daughter of Lenovo's Liu Chuanzhi Joined", https://en.wikipedia.org/w/index.php?title=Liu_Chuanzhi&oldid=992919007, Delegates to the 11th National People's Congress, Articles containing simplified Chinese-language text, Articles containing traditional Chinese-language text, Articles containing Chinese-language text, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, This page was last edited on 7 December 2020, at 20:23. 6. Liu meantime is a former official within the Chinese Communist Party (CCP), and led the 2011 CEC delegation to the White House. Liu Chuanzhi's maternal grandfather served as finance minister for the warlord Sun Chuanfang. Most of the country's tech leaders are also Communist Party members, including the founder of Alibaba, Jack Ma, Lenovo founder Liu Chuanzhi and Huawei’s Ren Zhengfei. Joyvio will pursue complete vertical integration from farming all the way to retailing. In November 2013, its product range was expanded to kiwifruit. BEIJING • China's tech companies did a pretty good job convincing global investors that they operated independently from the Chinese Communist Party (CCP). Liu meantime is a former official within the Chinese Communist Party (CCP), and led the 2011 CEC delegation to the White House. (Age 35) 1-20 Ian Fang Liu Chuan Zhi 刘传之 Staff at 96 °C Café, Liu Hao Ren's son, in love with Yuchen. He said, "We were totally immersed in the environment of a planned economy. [4], In June 2012, Liu stepped down as chairman of Legend Holdings, the parent company of Lenovo. Liu is a former Chinese Communist Party delegate and was a leader of the 2011 CEC delegation to the White House. [11], Joyvio took advantage of Legend's experience in information technology to set up a tracking system to ensure the quality and safety of its products. Many tech leaders also belong to the CCP, including Mr Ma, Lenovo founder Liu Chuanzhi and Huawei's Ren Zhengfei. Lenovo's early difficulties were compounded by the fact that its staff had little business experience. This led to big discussions, especially between the engineering chief and myself. LyricsA Crescent Moon (Wan Wan De… Liu Huan. CCP Our Dear Mother (Dang a Qin Ai de Ma Ma) Yin Xiumei. Are the lyrics correct? That company is closely connected to Liu Chuanzhi, the chairman of the China Entrepreneur Club (CEC) and the founder of Legend Holdings—the parent company of Lenovo, one of the world’s largest computer companies. Instead of racing against the rabbit heads-on, we would rather ride on its back and let it carry us forward,” said former Lenovo Chairman Liu Chuanzhi. 4. In 2001, Liu was selected by Time Magazine as one of the "25 Most Influential Global Executives." Liu Chuanzhi started the business with a $24,000 loan from the Chinese government in 1984. Liu said that Joyvio would invest in other well-known tea brands and related products. "[2], Liu claims Hewlett-Packard as a key source of inspiration for Lenovo. He graduated from the Military Telecommunication Engineering Institute of the Chinese People’s Liberation Army (now known as Xi’an Electronic Technology University) in 1966 and is the Chairman and Executive Committee member of Legend Holdings. 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