Liu meantime is a former official within the Chinese Communist Party (CCP), and led the 2011 CEC delegation to the White House. Many tech leaders are also party members, including Ma, Lenovo founder Liu Chuanzhi and Huawei’s Ren Zhengfei. Liu's superior arranged for the academy to loan him and the other co-founders the afore-mentioned 200,000 yuan. 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. During the first day of trading the company's stock price hit a high of HK$2.07 and closed at HK$2.00. Liu Qing joined Didi Chuxing as chief operating officer in July 2014 after working at Goldman Sachs for 12 years. Liu was named one of the "Stars of Asia" by BusinessWeek magazine in 2000. 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. According to the company's annual report it has been growing 40 to 50 percent per year. He said, "My biggest worry is an unlawful world. 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. Prior to Lenovo's IPO, many analysts were optimistic. felixia submitted the lyrics for this song. Similar motivational celebrity speakers are Number three: Would there be potential conflicts between the Chinese management and the Western management? He became a senior executive with the Bank of China and later became a patent lawyer and chairman of th… In autumn of the same year, Liu entered the People's Liberation Army Institute of Telecommunication Engineering, now known as Xidian University. I tell my employees to be careful all the time; don't disrespect the government or bribe anyone - even so, I'm still not at peace because there are always some corrupt individuals coming along to cause problems. This led to big discussions, especially between the engineering chief and myself. Liu later came to understand that he was accountable to shareholders. Are the lyrics correct? Lenovo soon invested money in developing a circuit board that would allow IBM PCs to process Chinese characters. [9], Liu led an initial public offering for Legend on the Hong Kong Stock Exchange in 2015. In order to save money during this period, Liu and his co-workers walked instead of taking public transportation. The CEC was founded in 2006. Liu was born in 1944 in Zhenjiang, Jiangsu, where his paternal grandfather was head of a traditional Chinese bank. China had a strict planned economy and there was barely room for a freewheeling company like ours. [11], Joyvio entered the imported wine business in late 2013. [2], Liu was labeled an "intellectual element" during the Cultural Revolution. Liu's daughter Liu Qing (柳青) is an alumna of Peking University. Type song title, artist or lyrics. The first time Liu traveled to Europe on a "roadshow" to discuss his company's stock he was shocked by the skeptical questions he was subjected to and felt offended. Liu Chuanzhi: In fact, most of what occurred during this crisis couldn't be predicted or avoided by businesses. Since 2011, Joyvio has acquired farms around the world including blueberry fields in Shandong and Chile and kiwifruit plantations in Sichuan, Shaanxi, Henan, and Chile. Its purpose is to strengthen the sense of social responsibility among China's young entrepreneurs. 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. login to vote. Lenovo is now the second-largest computer group in the world. Mr. Liu Chuanzhi 2017-06-30 15:52:04 （来自：转载） Chairman of the Board of Legend Holdings Corporation Founder of Lenovo Group Limited. In the same interview, Liu said that Legend's focus would continue to remain on China. He received Second National Technology Entrepreneurs Gold Award in 1990. [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. A Case Study of Lenovo Strategies 4635 Words | 19 Pages. He had five corrupt executives imprisoned. Contact our Speakers Bureau for Liu Chuanzhi’s booking fee, appearance cost, speaking price, endorsement and/or marketing campaign cost. Before Lenovo conducted its first secondary offering in 1997, Liu proudly announced the company's intent to mainland newspapers only to have its stock halted for two days by regulators to punish his statement. Liu said in an interview that he planned to float Legend's stock on a domestic Chinese exchange before his retirement. [17], Liu was born in 1944 in Zhenjiang, Jiangsu, where his paternal grandfather was head of a traditional Chinese bank. But I knew this was not true, that marketing and other factors were part of the eventual success of a product." By the early 1980s, Liu had achieved relative success as a computer scientist but still felt frustrated with his career. Chuanzhi Liu was born in Zhenjiang City, Jiangsu Province in 1944. The company has encountered some serious challenges since the In addition, it dispatches officials to companies to oversee certain activities. Liu Chuanzhi said he aims to bring innovation and commercial methods to the tea industry. "[2], Their first significant transaction, an attempt to import televisions, failed. Legend began to learn how to become a truly international company. I … 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). What we can do are only things that we can control and anticipate. Liu is responsible for Legend's move into food. Lenovo's Hong Kong and Mainland China business units conducted a merger and secondary offering in 1997. Analysts also worried about Lenovo's profitability.Lenovo's IPO was massively over-subscribed. Many tech leaders are also party members, including Ma, Lenovo founder Liu Chuanzhi and Huawei’s Ren Zhengfei. WWG1WGA! Liu meantime is a former official within the Chinese Communist Party (CCP), and led the 2011 CEC delegation to the White House. Even in my dreams, I never imagined that one day we could buy the IBM PC business. Many tech leaders are also party members, including Ma, Lenovo founder Liu Chuanzhi and Huawei’s Ren Zhengfei. In 2012, Forbes named Liu one of the 10 most important business leaders in China. For more than ten years, Lenovo served as Hewlett-Packard's distributor in China. 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. [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. an analogy, our enterprise is well likened to a tortoise but our foreign competitor is more like a rabbit. This product was Lenovo's first major success. 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. Number one: After the acquisition, would clients buy from the new owner? "We had three serious risks. [6][7], In an interview with the BBC, Liu said that his vision for Legend was for it "to become an industry in its own right" and that he wants it "to be become the top enterprise across industries...not only in China, but in the whole world." Then we went on to develop something different. Bengaluru (Aryavarth): Lenovo, owned by Legend Holdings, is founded by Liu Chuanzhi in Beijing in 1984, together with ten co-workers from the Chinese Academy of Science (CAS), where Liu served as an engineer-administrator. 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. Lenovo's early difficulties were compounded by the fact that its staff had little business experience. 7. Liu Chuan-Ling Member of the Standing Committee of Liuzhou CCP [2], Liu founded Lenovo (originally called Legend), in 1984 with a group of ten other engineers in Beijing with 200,000 yuan and an office roughly 20 square yards in size. He was named one of the "Ten Most Influential Men of the Commercial Sector" in China in 1996. Joyvio's first product was blueberries. CAS Holdings … The offering received regulatory approval in June of that year. Zheng Jun-Kang, Vice Secretary of Liuzhou CCP and Mayor of Liuzhou. 3:57 PREVIEW Tonight Is Unforgettable (Nan Wang Jin Xiao) 李谷一. The work was just filed away." Liu has criticized others' tendency for silence. [10], Joyvio is Legend Holdings' vehicle for investment in the food industry. In an interview with The Economist he said, "Our earliest and best teacher was Hewlett-Packard." Liu said that Joyvio would invest in other well-known tea brands and related products. Liu said agriculture is just one part of what he sees as "huge" opportunities in sectors that cater to Chinese consumers. He said, "We were totally immersed in the environment of a planned economy. 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. His daughter was the President of Didi. Number two: Would employees continue to work for the new owner? Liu Chuanzhi (simplified Chinese: 柳传志; traditional Chinese: 柳傳志; pinyin: Liǔ Chuánzhì; born 29 April 1944) is a Chinese businessman and entrepreneur. During this period many Chinese intellectuals felt that commerce was immoral and degrading. His daughter served as the president of Didi. The company had sales of 32.45 million yuan in 2012. Computer company Lenovo’s founder Liu Chuanzhi commented that elections based on one-person-one-vote would plunge China into a “hopeless scenario” because, “everyone would support a high level of welfare and the division of the property.” Jiang Zemin on the Theory of Three Represents. Due to his political and class background, Liu was deemed unsuitable for such sensitive subjects and assigned to study radar. Liu Chuanzhi started the business with a $24,000 loan from the Chinese government in 1984. He said, "I’m not sure how practical it would be to have universal voting in the near future. Lyrics for A Crescent Moon (Wan Wan De Yue Liang) by Liu Huan. Liu's superiors immediately granted his request for autonomy. His other civil roles include vice president of the 9 th and 10th All-China Federation of Industry and Commerce (ACFIC), a member of the Advisory Board of the School of Economics and Management of Tsinghua University, guest professor of CEIBS (China Europe International Business School), Peking University, and Renmin University (China). "[5], Business ethics were a key challenge for Liu in establishing and expanding Lenovo. The kiwifruit has been named "Liu Kiwi," in honor of Liu Chuanzhi. Liu's father, already in Hong Kong, supported his son's ambitions through mentoring and facilitating loans. Legend has invested more than 1 billion yuan in Joyvio. CCP Our Dear Mother (Dang a Qin Ai de Ma Ma) Yin Xiumei. 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. [4], In June 2012, Liu stepped down as chairman of Legend Holdings, the parent company of Lenovo. (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. We began to think about issues of credibility. His daughter was the President of Didi. During his studies Liu received an introduction to computing. He was named a Model Worker and Man of Reform in China, both in 1995. 3:46 PREVIEW Friends (Pengyou) 臧天朔. Born in 1944 at Zhenjiang city of Jiangsu province in China, Chuanzhi Liu graduated from the Xi’an Military Communications Engineering Institution in 1966. No other Chinese entrepreneur has ever gained a reputation like Liu, who has been dubbed the business “godfather” in China. Liu Chuanzhi has made a significant contribution to the company's institution and mechanism construction, strategy development, business expansion, management methodology and … From there he was sent to a farm in Hunan dedicated to reform through hard labor. With high aspirations, he continually initiates new business areas for the Legend conglomerate, taking it to new heights. Joyvio will pursue complete vertical integration from farming all the way to retailing. Under his leadership, Legend has accomplished numerous achievements that paved the way for its future. Chuanzhi Liu has contributed significantly to the Legend conglomerate in share structure reform, strategy development, business expansion, management methodology and culture, and talent nurturing. "Whatever we do has to fit into something we are doing in China," said Liu when referring to plans for overseas investment. I didn't care that the investment was small, but I knew I must have control over finances, human resources and decision-making." Liu Chuanzhi recently spoke with Knowledge@Wharton about Lenovo’s business challenges, lessons from past experiences, and plans for the future. Vice directors ： He Xin-Xin Member of the Standing Committee of Liuzhou CCP and E xecuting Deputy M ayor . Liu Gushu was a "patriotic capitalist" who worked secretly for the Communist Party before the revolution of 1949. "[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. Lenovo is now the second-largest computer group in the world. The group rebuilt itself within a year by conducting quality checks on computers for new buyers. Of this time, Liu said, "It wasn't easy. At the same time, he has nurtured a group of younger-generation leaders. Liu's father developed a reputation as an honest and skilled banker. 3:07 PREVIEW A Beautiful Legend (You Yi Ge Mei Li de Chuan Shuo) Liu Shiming. 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. In 1990, Lenovo started to assemble and sell computers under its original brand name, Legend. 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. [2], Lenovo became a publicly traded company after listing in Hong Kong in 1994, raising nearly US$30 million. Longguan was previously a fully state-owned enterprise operating under the jurisdiction of the Chinese Academy of Agricultural Sciences. Director s: Chen Gang, Secretary of Liuzhou CCP and Director of the Standing Committee of Liuzhou CPPCC, and . But we only produced one of each. Many tech leaders also belong to the CCP, including Mr Ma, Lenovo founder Liu Chuanzhi and Huawei's Ren Zhengfei. The firm had plans to start selling cherries and grapes from the United States, Australia, and Chile by the end of 2013. 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 Gushu abandoned scholarship and passed an exam for employment with the Bank of China. Liu's father continued his work with the Bank of China and joined the Chinese Communist Party. In 2001, Liu was selected by Time Magazine as one of the "25 Most Influential Global Executives." [5] During an interview, Liu acknowledged the major risks involved with the IBM deal. BEIJING • China's tech companies did a pretty good job convincing global investors that they operated independently from the Chinese Communist Party (CCP). Liu is a former Chinese Communist Party delegate and was a leader of the 2011 CEC delegation to the White House. Liu worked on the development of the Number 757 mainframe computer. 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. [2], When Lenovo was first listed, its managers thought the only purpose of going public was to raise capital. Liu Chuanzhi's maternal grandfather served as finance minister for the warlord Sun Chuanfang. LyricsA Crescent Moon (Wan Wan De… Liu Huan. "[2], Liu emphasized developing an effective working relationship with his superiors at the CAS from the very start. Liu also worried about dealing with local government officials and party cadres. Joyvio has taken over day-to-day control of Longguan. 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. [7] Liu said in July 2012 that he plans to take Legend Holdings public with a listing in Hong Kong. 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. 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. Liu is chairman of Legend Holdings Ltd., Legend Capital, Hony Capital and Raycom Real Estate, and founder and honorary chairman of Lenovo. Liu Chuanzhi generally travels from Belgium and can be booked for (private) corporate events, personal appearances, keynote speeches, or other performances. Top lyrics Community Contribute Business. Liu came up with the idea to start Lenovo in response to a lack of funding at the Chinese Academy of Sciences (CAS). "We just learned by trial-and-error, which was very interesting—but also very dangerous," said Liu. Liu said that he realized that his vision was extremely ambitious and may have to be left to his successors to implement. 4. 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. 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. Lenovo's culture gradually changed and Liu was able to relax his authoritarian style. 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. Lenovo became an employer of choice for Chinese engineers and managers with overseas education. "[2], Liu claims Hewlett-Packard as a key source of inspiration for Lenovo. [2] He remained there until he co-founded Legend in 1984. The Chinese Academy of Sciences Holdings (CAS Holdings) is the largest shareholder of conglomerate Legend Holdings and the ultimate parent of Lenovo Group. Liu said, "Our management team often differed on which commercial road to travel. Sign in Sign up. His story mirrors the evolution of the country’s reform and opening-up, and his quotes have been spread widely. In order to keep up appearances they rented hotel rooms for meetings. Lyrics for A Crescent Moon (Wan Wan De Yue Liang) by Liu Huan. Liu Gushu abandoned scholarship and passed an exam for employment with the Bank of China. Forbes speculated that Liu may be trying to "create a Chinese version of General Electric." Liu's grandfather sent his father, Liu Gushu (柳谷书), to study in Shanghai. 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] Speaking about Lenovo's later acquisition of IBM's personal computer unit Liu said, "I remember the first time I took part in a meeting of IBM agents. One way it does that is through the presence of party committees in companies, among them tech enterprises, that are made up of employees. 5. '"[5], During an interview with Caijing in October 2012, he advocated for what he called "elite selection" of political leaders. [18][19] Liu's grandfather sent his father, Liu Gushu (柳谷书), to study in Shanghai. Proceeds from the offering were used to finance sales offices in Europe, North America, and Australia; expand and improve production and research and development; and increase working capital. He has received numerous awards and recognition in China and globally, including: National Model Worker of China (1995), Asian Businessman of the Year (Fortune 2000), Businessman of the Year in China (CCTV2000), Asian Star (BusinessWeek, 2000), Top 25 Most Influential Leaders in Business (Time 2001), Outstanding Individual in Promoting China—U.S. 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. The fact that in the 1980s entrepreneurs were drawn from lower classes, and often dishonest as well, made the private sector even more unattractive. It was unthinkable. He said, "We were the top computer technology research organization in China. He felt that if the quality of the product was good, then it would sell itself. In November 2013, its product range was expanded to kiwifruit. [3][2], Lenovo also tried and failed to market a digital watch. [14], Liu has been named "Asian Businessman," one of the "Global 25 Most Influential Business Leaders," and many other awards. [2], Liu Chuanzhi, received government permission to open a subsidiary in Hong Kong and was allowed to move there along with five other employees. Impossible. Despite his father's revolutionary credentials, Liu was declared unfit for military service because a relative had been denounced as a rightist. "[15], As of 2002, Liu served as vice-chairman of the All-China Federation of Industry and Commerce. [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. 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