During his studies Liu received an introduction to computing. Number three: Would there be potential conflicts between the Chinese management and the Western management? [2], Lenovo became a publicly traded company after listing in Hong Kong in 1994, raising nearly US$30 million. It was unthinkable. I … 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. 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. 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. Liu's father continued his work with the Bank of China and joined the Chinese Communist Party. Member of the planning committee. He was named one of the "Ten Most Influential Men of the Commercial Sector" in China in 1996. Many tech leaders are also party members, including Ma, Lenovo founder Liu Chuanzhi and Huawei’s Ren Zhengfei. This occurred several times until Liu learned that he had to choose his words carefully in public. They had little understanding of the rules and responsibilities that went along with running a public company. One way it does that is through the presence of party committees in companies, among them tech enterprises, that are made up of employees. [4], In June 2012, Liu stepped down as chairman of Legend Holdings, the parent company of Lenovo. CAS Holdings … 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 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. What we can do are only things that we can control and anticipate. 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. He said, "My biggest worry is an unlawful world. WWG1WGA! His story mirrors the evolution of the country’s reform and opening-up, and his quotes have been spread widely. [2], Liu was labeled an "intellectual element" during the Cultural Revolution. Lenovo Group, China’s largest personal computer manufacturer, gained a great deal of attention when it acquired IBM’s PC unit in 2004. The work was just filed away." The CCP has long reached into private firms, including foreign ones operating in China. [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. Number two: Would employees continue to work for the new owner? In order to keep up appearances they rented hotel rooms for meetings. I didn't care that the investment was small, but I knew I must have control over finances, human resources and decision-making." In the same interview, Liu said that Legend's focus would continue to remain on China. 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. Despite its rhetoric of market-oriented reform, the Chinese government was reluctant to relax state control of the economy. [14], After graduating from high school in 1962, Liu applied to be a military pilot and passed all the associated exams. [4], Unlike many other Chinese business leaders, Liu has often spoken out on political issues. [2], When Lenovo was first listed, its managers thought the only purpose of going public was to raise capital. "[5], In December 2013 Liu expressed optimism about economic reform in China. He said, "I’m not sure how practical it would be to have universal voting in the near future. Liu was named one of the "Stars of Asia" by BusinessWeek magazine in 2000. In 2012, Forbes named Liu one of the 10 most important business leaders in China. While his work on magnetic data storage was important, it lacked direct practical applications. Liu's grandfather sent his father, Liu Gushu (柳谷书), to study in Shanghai. Liu Chuanzhi generally travels from Belgium and can be booked for (private) corporate events, personal appearances, keynote speeches, or other performances. Longguan was previously a fully state-owned enterprise operating under the jurisdiction of the Chinese Academy of Agricultural Sciences. 6. Liu's superior arranged for the academy to loan him and the other co-founders the afore-mentioned 200,000 yuan. 3:57 PREVIEW Tonight Is Unforgettable (Nan Wang Jin Xiao) 李谷一. Undoubtedly, Liu Chuanzhi, founder of Lenovo Group, is one of China’s most famous entrepreneurs. The estimated speaking fee range to book Liu Chuanzhi for your event is available upon request. 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. Liu Chuanzhi is a keynote speaker and industry expert who speaks on a wide range of topics. He had five corrupt executives imprisoned. He received Second National Technology Entrepreneurs Gold Award in 1990. Many tech leaders are also party members, including Ma, Lenovo founder Liu Chuanzhi and Huawei’s Ren Zhengfei. 3:46 PREVIEW Friends (Pengyou) 臧天朔. 3:54 PREVIEW My Motherland and Me (Wo He Wo de Zu Guo) Zheng Li. He became a senior executive with the Bank of China and later became a patent lawyer and chairman of th… 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. Zheng Jun-Kang, Vice Secretary of Liuzhou CCP and Mayor of Liuzhou. Liu is also deeply concerned with the rule of law. Search for: "Liu Chuanzhi" (8 Results) Thank you President Trump! 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. According to the company's annual report it has been growing 40 to 50 percent per year. Lenovo soon invested money in developing a circuit board that would allow IBM PCs to process Chinese characters. [10], Joyvio is Legend Holdings' vehicle for investment in the food industry. 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. Even in my dreams, I never imagined that one day we could buy the IBM PC business. He was named a Model Worker and Man of Reform in China, both in 1995. He also served as the CEO of Rio Tinto. 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). During this period many Chinese intellectuals felt that commerce was immoral and degrading. The lowest thing you could do in the early '80s, as a scientist, was to go into business. Similar motivational celebrity speakers are [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. Liu Chuanzhi said he aims to bring innovation and commercial methods to the tea industry. 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. Due to his political and class background, Liu was deemed unsuitable for such sensitive subjects and assigned to study radar. "[15], As of 2002, Liu served as vice-chairman of the All-China Federation of Industry and Commerce. Liu Chuan-Ling Member of the Standing Committee of Liuzhou CCP [1] He remains one of the leaders of the company. 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. Liu has criticized others' tendency for silence. His daughter served as the president of Didi. Mr. Liu Chuanzhi is currently the Honorary Chairman, Senior Advisor, and Member of the Strategic Committee of the Board of Legend Holdings. Liu's daughter Liu Qing (柳青) is an alumna of Peking University. Liu's superiors immediately granted his request for autonomy. Joyvio's first product was blueberries. China had a strict planned economy and there was barely room for a freewheeling company like ours. Liu meantime is a former official within the Chinese Communist Party (CCP), and led the 2011 CEC delegation to the White House. "[5], Business ethics were a key challenge for Liu in establishing and expanding Lenovo. This product was Lenovo's first major success. Impossible. Liu is a former Chinese Communist Party delegate and was a leader of the 2011 CEC delegation to the White House. Liu meantime is a former official within the Chinese Communist Party (CCP), and led the 2011 CEC delegation to the White House. The company had sales of 32.45 million yuan in 2012. Liu Chuanzhi; Liu Chuanzhi. A Case Study of Lenovo Strategies 4635 Words | 19 Pages. 5. 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. [5] During an interview, Liu acknowledged the major risks involved with the IBM deal. 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. "We were mainly scientists and didn't understand the market," Liu said. (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. Type song title, artist or lyrics. In 1990, Lenovo started to assemble and sell computers under its original brand name, Legend. This was readily apparent to Liu and his collaborators due to their proximity to Zhongguancun, where the proliferation of fly-by-night electronics traders lead to the area being dubbed "Swindlers Valley. 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. Of this time, Liu said, "It wasn't easy. We began to think about issues of credibility. I was wearing an old business suit of my father's and I sat in the back row. [7] Liu said in July 2012 that he plans to take Legend Holdings public with a listing in Hong Kong. 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. Then we went on to develop something different. The kiwifruit has been named "Liu Kiwi," in honor of Liu Chuanzhi. 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. No other Chinese entrepreneur has ever gained a reputation like Liu, who has been dubbed the business “godfather” in China. Liu Chuanzhi's maternal grandfather served as finance minister for the warlord Sun Chuanfang. an analogy, our enterprise is well likened to a tortoise but our foreign competitor is more like a rabbit. 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. Liu Chuanzhi recently spoke with Knowledge@Wharton about Lenovo’s business challenges, lessons from past experiences, and plans for the future. His daughter served as the president of Didi. The group rebuilt itself within a year by conducting quality checks on computers for new buyers. Liu said agriculture is just one part of what he sees as "huge" opportunities in sectors that cater to Chinese consumers. Liu says that at first he behaved "like a kind of dictator" and spent much time yelling. 4. Sign in Sign up. Many tech leaders are also party members, including Ma, Lenovo founder Liu Chuanzhi and Huawei’s Ren Zhengfei. He has been idolized by countless followers. Liu was also anxious about his economic circumstances; in 1984, Liu had a growing family but an income of only 100RMB per month. His daughter was the President of Didi. In 2001, Liu was selected by Time Magazine as one of the "25 Most Influential Global Executives." Forbes speculated that Liu may be trying to "create a Chinese version of General Electric." Joyvio has taken over day-to-day control of Longguan. [2][20], Liu is married and has three children. Liu said, "Our management team often differed on which commercial road to travel. Lenovo's Hong Kong and Mainland China business units conducted a merger and secondary offering in 1997. [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. Liu also worried about dealing with local government officials and party cadres. The firm had plans to start selling cherries and grapes from the United States, Australia, and Chile by the end of 2013. BEIJING • China's tech companies did a pretty good job convincing global investors that they operated independently from the Chinese Communist Party (CCP). [18][19] Liu's grandfather sent his father, Liu Gushu (柳谷书), to study in Shanghai. Lenovo is now the second-largest computer group in the 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. [17], Liu was born in 1944 in Zhenjiang, Jiangsu, where his paternal grandfather was head of a traditional Chinese bank. Liu moved to Hong Kong in 1988. [9], Liu led an initial public offering for Legend on the Hong Kong Stock Exchange in 2015. In an interview with The Economist he said, "Our earliest and best teacher was Hewlett-Packard." In 1984, he resigned to become a cadre in the personnel office of the Chinese Academy of Sciences. 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. Legend's major assets include Lenovo, Legend Capital, a real-estate venture called Raycom, Digital China, and Hony Capital. 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 autumn of the same year, Liu entered the People's Liberation Army Institute of Telecommunication Engineering, now known as Xidian University. The Chinese Academy of Sciences Holdings (CAS Holdings) is the largest shareholder of conglomerate Legend Holdings and the ultimate parent of Lenovo Group. THE BEST IS YET TO COME! 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. By the early 1980s, Liu had achieved relative success as a computer scientist but still felt frustrated with his career. Lyrics for A Crescent Moon (Wan Wan De Yue Liang) by Liu Huan. [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. In addition, it dispatches officials to companies to oversee certain activities. 8. [2], Liu Chuanzhi, received government permission to open a subsidiary in Hong Kong and was allowed to move there along with five other employees. Prior to Lenovo's IPO, many analysts were optimistic. Chuanzhi Liu was born in Zhenjiang City, Jiangsu Province in 1944. 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 CEC was founded in 2006. Lyrics for A Crescent Moon (Wan Wan De Yue Liang) by Liu Huan. Top lyrics Community Contribute Business. Lenovo became an employer of choice for Chinese engineers and managers with overseas education. He became a senior executive with the Bank of China and later became a patent lawyer and chairman of the China Technology Licensing Company. 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. Liu said that Joyvio would invest in other well-known tea brands and related products. Now, Mr Jack Ma has become a case study for the firms' biggest sceptics. [14], Liu has been named "Asian Businessman," one of the "Global 25 Most Influential Business Leaders," and many other awards. Analysts also worried about Lenovo's profitability.Lenovo's IPO was massively over-subscribed. Liu feared that his company might fail due to government micro-management. 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. 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. 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. Longguan produces Hangzhou's famous Longjing tea. Deng directed then-CCP General Secretary Hu Yaobang. 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. LyricsA Crescent Moon (Wan Wan De… Liu Huan. [11], Joyvio entered the imported wine business in late 2013. Customers can scan codes on its packages in order to find out what farm the product came from, who supervised production, what tests were performed, and information on soil and water quality. Liu Gushu was a "patriotic capitalist" who worked secretly for the Communist Party before the revolution of 1949. login to vote. 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. '"[5], During an interview with Caijing in October 2012, he advocated for what he called "elite selection" of political leaders. Number one: After the acquisition, would clients buy from the new owner? 7. Are the lyrics correct? We developed the first electron-tube computer and the first transistor computer. 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. 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