[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. 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). He was named a Model Worker and Man of Reform in China, both in 1995. Its purpose is to strengthen the sense of social responsibility among China's young entrepreneurs. Forbes speculated that Liu may be trying to "create a Chinese version of General Electric." THE BEST IS YET TO COME! Legend's major assets include Lenovo, Legend Capital, a real-estate venture called Raycom, Digital China, and Hony Capital. "[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. Liu was named one of the "Stars of Asia" by BusinessWeek magazine in 2000. [4], In June 2012, Liu stepped down as chairman of Legend Holdings, the parent company of Lenovo. 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. 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. [2], Liu was labeled an "intellectual element" during the Cultural Revolution. China had a strict planned economy and there was barely room for a freewheeling company like ours. "[2], Liu emphasized developing an effective working relationship with his superiors at the CAS from the very start. Lyrics for A Crescent Moon (Wan Wan De Yue Liang) by Liu Huan. The Chinese Academy of Sciences Holdings (CAS Holdings) is the largest shareholder of conglomerate Legend Holdings and the ultimate parent of Lenovo Group. 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. 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. login to vote. Liu also worried about dealing with local government officials and party cadres. One way it does that is through the presence of party committees in companies, among them tech enterprises, that are made up of employees. "[2], Their first significant transaction, an attempt to import televisions, failed. 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. The company had sales of 32.45 million yuan in 2012. 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. [5] During an interview, Liu acknowledged the major risks involved with the IBM deal. 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. 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. 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. In an interview with The Economist he said, "Our earliest and best teacher was Hewlett-Packard." Liu Gushu was a "patriotic capitalist" who worked secretly for the Communist Partybefore the revolution of 1949. The kiwifruit has been named "Liu Kiwi," in honor of Liu Chuanzhi. Number three: Would there be potential conflicts between the Chinese management and the Western management? 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. [18][19] Liu's grandfather sent his father, Liu Gushu (柳谷书), to study in Shanghai. Liu said in an interview that he planned to float Legend's stock on a domestic Chinese exchange before his retirement. This led to big discussions, especially between the engineering chief and myself. Longguan was previously a fully state-owned enterprise operating under the jurisdiction of the Chinese Academy of Agricultural Sciences. He said, "We were totally immersed in the environment of a planned economy. He was named one of the "Ten Most Influential Men of the Commercial Sector" in China in 1996. Liu feared that his company might fail due to government micro-management. Legend has invested more than 1 billion yuan in Joyvio. During the first day of trading the company's stock price hit a high of HK$2.07 and closed at HK$2.00. In 1984, he resigned to become a cadre in the personnel office of the Chinese Academy of Sciences. "[5], Business ethics were a key challenge for Liu in establishing and expanding Lenovo. [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." 3:46 PREVIEW Friends (Pengyou) 臧天朔. In 2012, Forbes named Liu one of the 10 most important business leaders in China. In 2001, Liu was selected by Time Magazine as one of the "25 Most Influential Global Executives." [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. [17], Liu was born in 1944 in Zhenjiang, Jiangsu, where his paternal grandfather was head of a traditional Chinese bank. The lowest thing you could do in the early '80s, as a scientist, was to go into business. 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. Liu Chuanzhi started the business with a $24,000 loan from the Chinese government in 1984. Joyvio's first product was blueberries. 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. A Case Study of Lenovo Strategies 4635 Words | 19 Pages. Many tech leaders are also party members, including Ma, Lenovo founder Liu Chuanzhi and Huawei’s Ren Zhengfei. 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] He remained there until he co-founded Legend in 1984. Number two: Would employees continue to work for the new owner? felixia submitted the lyrics for this song. The CEC was founded in 2006. Despite his father's revolutionary credentials, Liu was declared unfit for military service because a relative had been denounced as a rightist. Liu's grandfather sent his father, Liu Gushu (柳谷书), to study in Shanghai. Type song title, artist or lyrics. Then we went on to develop something different. Prior to Lenovo's IPO, many analysts were optimistic. [3][2], Lenovo also tried and failed to market a digital watch. Of this time, Liu said, "It wasn't easy. Now, Mr Jack Ma has become a case study for the firms' biggest sceptics. While his work on magnetic data storage was important, it lacked direct practical applications. 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. Similar motivational celebrity speakers are Liu is the founder of Lenovo, the largest computer maker in the world. It was unthinkable. Liu's superior arranged for the academy to loan him and the other co-founders the afore-mentioned 200,000 yuan. In order to keep up appearances they rented hotel rooms for meetings. They had little understanding of the rules and responsibilities that went along with running a public company. Liu meantime is a former official within the Chinese Communist Party (CCP), and led the 2011 CEC delegation to the White House. He became a senior executive with the Bank of China and later became a patent lawyer and chairman of the China Technology Licensing Company. [1] He remains one of the leaders of the company. Liu Chuanzhi; Liu Chuanzhi. Member of the planning committee. "We just learned by trial-and-error, which was very interesting—but also very dangerous," said Liu. In order to save money during this period, Liu and his co-workers walked instead of taking public transportation. Even in my dreams, I never imagined that one day we could buy the IBM PC business. BEIJING • China's tech companies did a pretty good job convincing global investors that they operated independently from the Chinese Communist Party (CCP). During this period many Chinese intellectuals felt that commerce was immoral and degrading. The offering received regulatory approval in June of that year. His daughter served as the president of Didi. He said, "Before I only had one boss, but CAS never asked me anything. Despite its rhetoric of market-oriented reform, the Chinese government was reluctant to relax state control of the economy. 3:57 PREVIEW Tonight Is Unforgettable (Nan Wang Jin Xiao) 李谷一. 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 is chairman of Legend Holdings Ltd., Legend Capital, Hony Capital and Raycom Real Estate, and founder and honorary chairman of Lenovo. The fact that in the 1980s entrepreneurs were drawn from lower classes, and often dishonest as well, made the private sector even more unattractive. Liu Gushu was a "patriotic capitalist" who worked secretly for the Communist Party before the revolution of 1949. Liu said, "Our management team often differed on which commercial road to travel. Lenovo's early difficulties were compounded by the fact that its staff had little business experience. Academic library - free online college e textbooks - info{at}ebrary.net - © 2014 - 2021. The work was just filed away." Liu later came to understand that he was accountable to shareholders. 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. "We were mainly scientists and didn't understand the market," Liu said. Liu's daughter Liu Qing (柳青) is an alumna of Peking University. But I knew this was not true, that marketing and other factors were part of the eventual success of a product." Liu Chuanzhi is a keynote speaker and industry expert who speaks on a wide range of topics. "Whatever we do has to fit into something we are doing in China," said Liu when referring to plans for overseas investment. Liu said that he realized that his vision was extremely ambitious and may have to be left to his successors to implement. Liu worked on the development of the Number 757 mainframe computer. 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. [2], Lenovo became a publicly traded company after listing in Hong Kong in 1994, raising nearly US$30 million. In 1990, Lenovo started to assemble and sell computers under its original brand name, Legend. I hope the country's leaders could be elected by the elites of the society." CAS Holdings … 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. [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. Director s: Chen Gang, Secretary of Liuzhou CCP and Director of the Standing Committee of Liuzhou CPPCC, and . Impossible. Liu was born in 1944 in Zhenjiang, Jiangsu, where his paternal grandfather was head of a traditional Chinese bank. In the same interview, Liu said that Legend's focus would continue to remain on China. Born in 1944 at Zhenjiang city of Jiangsu province in China, Chuanzhi Liu graduated from the Xi’an Military Communications Engineering Institution in 1966. Liu Chuanzhi has made a significant contribution to the company's institution and mechanism construction, strategy development, business expansion, management methodology and … Deng directed then-CCP General Secretary Hu Yaobang. [10], Joyvio is Legend Holdings' vehicle for investment in the food industry. [2], When Lenovo was first listed, its managers thought the only purpose of going public was to raise capital. His daughter was the President of Didi. 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 said that Joyvio would invest in other well-known tea brands and related products. Lenovo became an employer of choice for Chinese engineers and managers with overseas education. Liu has criticized others' tendency for silence. 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. [11], Joyvio entered the imported wine business in late 2013. Liu was also anxious about his economic circumstances; in 1984, Liu had a growing family but an income of only 100RMB per month. 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. At the same time, he has nurtured a group of younger-generation leaders. Legend began to learn how to become a truly international company. Liu is responsible for Legend's move into food. We developed the first electron-tube computer and the first transistor computer. 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 moved to Hong Kong in 1988. From there he was sent to a farm in Hunan dedicated to reform through hard labor. No other Chinese entrepreneur has ever gained a reputation like Liu, who has been dubbed the business “godfather” in China. [13], As of 2013, Liu served as a senior advisor at Kohlberg Kravis Roberts & Company. He received Second National Technology Entrepreneurs Gold Award in 1990. [9], Liu led an initial public offering for Legend on the Hong Kong Stock Exchange in 2015. [14], After graduating from high school in 1962, Liu applied to be a military pilot and passed all the associated exams. Liu Chuanzhi started the business with a $24,000 loan from the Chinese government in 1984. This product was Lenovo's first major success. Liu Chuanzhi generally travels from Belgium and can be booked for (private) corporate events, personal appearances, keynote speeches, or other performances. Lenovo is now the second-largest computer group in the world. 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 Chuanzhi's maternal grandfather served as finance minister for the warlord Sun Chuanfang. He also served as the CEO of Rio Tinto. [7] Liu said in July 2012 that he plans to take Legend Holdings public with a listing in Hong Kong. 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. 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. The company has encountered some serious challenges since the 8. This occurred several times until Liu learned that he had to choose his words carefully in public. Lenovo's Hong Kong and Mainland China business units conducted a merger and secondary offering in 1997. Joyvio will pursue complete vertical integration from farming all the way to retailing. The group rebuilt itself within a year by conducting quality checks on computers for new buyers. Liu Chuanzhi said he aims to bring innovation and commercial methods to the tea industry. Liu Chuanzhi recently spoke with Knowledge@Wharton about Lenovo’s business challenges, lessons from past experiences, and plans for the future. By the early 1980s, Liu had achieved relative success as a computer scientist but still felt frustrated with his career. 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. [14], Liu has been named "Asian Businessman," one of the "Global 25 Most Influential Business Leaders," and many other awards. 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. Liu is also deeply concerned with the rule of law. [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. Many tech leaders are also party members, including Ma, Lenovo founder Liu Chuanzhi and Huawei’s Ren Zhengfei. Lenovo soon invested money in developing a circuit board that would allow IBM PCs to process Chinese characters. Mr. Liu Chuanzhi is currently the Honorary Chairman, Senior Advisor, and Member of the Strategic Committee of the Board of Legend Holdings. Lenovo Group, China’s largest personal computer manufacturer, gained a great deal of attention when it acquired IBM’s PC unit in 2004. The firm had plans to start selling cherries and grapes from the United States, Australia, and Chile by the end of 2013. His story mirrors the evolution of the country’s reform and opening-up, and his quotes have been spread widely. In November 2013, its product range was expanded to kiwifruit. 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. I … 3:54 PREVIEW My Motherland and Me (Wo He Wo de Zu Guo) Zheng Li. [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. 5. He had five corrupt executives imprisoned. He felt that if the quality of the product was good, then it would sell itself. Liu said agriculture is just one part of what he sees as "huge" opportunities in sectors that cater to Chinese consumers. Joyvio holds training exercises with farmers in order to prepare them to deal quickly and effectively with bad weather. 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). Many tech leaders also belong to the CCP, including Mr Ma, Lenovo founder Liu Chuanzhi and Huawei's Ren Zhengfei. 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. He became a senior executive with the Bank of China and later became a patent lawyer and chairman of th… CCP Our Dear Mother (Dang a Qin Ai de Ma Ma) Yin Xiumei. Liu is a former Chinese Communist Party delegate and was a leader of the 2011 CEC delegation to the White House. 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. 6. 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. Vice directors ： He Xin-Xin Member of the Standing Committee of Liuzhou CCP and E xecuting Deputy M ayor . In addition, it dispatches officials to companies to oversee certain activities. We began to think about issues of credibility. Liu Chuan-Ling Member of the Standing Committee of Liuzhou CCP I relied on my own initiative to do things. Lenovo's culture gradually changed and Liu was able to relax his authoritarian style. [2][20], Liu is married and has three children. Liu's father continued his work with the Bank of China and joined the Chinese Communist Party. Under his leadership, Legend has accomplished numerous achievements that paved the way for its future. 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. Liu's superiors immediately granted his request for autonomy. He said, "I’m not sure how practical it would be to have universal voting in the near future. "[15], As of 2002, Liu served as vice-chairman of the All-China Federation of Industry and Commerce. Are the lyrics correct? 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. an analogy, our enterprise is well likened to a tortoise but our foreign competitor is more like a rabbit. Due to his political and class background, Liu was deemed unsuitable for such sensitive subjects and assigned to study radar. Analysts also worried about Lenovo's profitability.Lenovo's IPO was massively over-subscribed. Undoubtedly, Liu Chuanzhi, founder of Lenovo Group, is one of China’s most famous entrepreneurs. His daughter served as the president of Didi. WWG1WGA! He has been idolized by countless followers. Joyvio has taken over day-to-day control of Longguan. Liu Gushu abandoned scholarship and passed an exam for employment with the Bank of China. In autumn of the same year, Liu entered the People's Liberation Army Institute of Telecommunication Engineering, now known as Xidian University. 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. Lyrics for A Crescent Moon (Wan Wan De Yue Liang) by Liu Huan. [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. But we only produced one of each. What we can do are only things that we can control and anticipate. Liu Chuanzhi: In fact, most of what occurred during this crisis couldn't be predicted or avoided by businesses. 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