He had five corrupt executives imprisoned. [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. (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. Joyvio will pursue complete vertical integration from farming all the way to retailing. Liu meantime is a former official within the Chinese Communist Party (CCP), and led the 2011 CEC delegation to the White House. In 1990, Lenovo started to assemble and sell computers under its original brand name, Legend. According to the company's annual report it has been growing 40 to 50 percent per year. Liu said that he realized that his vision was extremely ambitious and may have to be left to his successors to implement. Lenovo's Hong Kong and Mainland China business units conducted a merger and secondary offering in 1997. "[5], Business ethics were a key challenge for Liu in establishing and expanding Lenovo. He has been idolized by countless followers. Now, Mr Jack Ma has become a case study for the firms' biggest sceptics. [14], After graduating from high school in 1962, Liu applied to be a military pilot and passed all the associated exams. He said, "Before I only had one boss, but CAS never asked me anything. Joyvio has taken over day-to-day control of Longguan. Despite its rhetoric of market-oriented reform, the Chinese government was reluctant to relax state control of the economy. 3:46 PREVIEW Friends (Pengyou) 臧天朔. Liu said agriculture is just one part of what he sees as "huge" opportunities in sectors that cater to Chinese consumers. Liu has criticized others' tendency for silence. Lenovo is now the second-largest computer group in the world. 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). During this period many Chinese intellectuals felt that commerce was immoral and degrading. [1] He remains one of the leaders of the company. The kiwifruit has been named "Liu Kiwi," in honor of Liu Chuanzhi. Liu later came to understand that he was accountable to shareholders. WWG1WGA! 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. With high aspirations, he continually initiates new business areas for the Legend conglomerate, taking it to new heights. He said, "We were totally immersed in the environment of a planned economy. "[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. login to vote. In order to save money during this period, Liu and his co-workers walked instead of taking public transportation. I didn't care that the investment was small, but I knew I must have control over finances, human resources and decision-making." He said, "We were the top computer technology research organization in China. "[2], Liu claims Hewlett-Packard as a key source of inspiration for Lenovo. The lowest thing you could do in the early '80s, as a scientist, was to go into business. His daughter served as the president of Didi. [9], Liu is a member of the China Entrepreneurs Club (CEC). [11], Joyvio entered the imported wine business in late 2013. 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. They had little understanding of the rules and responsibilities that went along with running a public company. Joyvio's first product was blueberries. Liu's father developed a reputation as an honest and skilled banker. 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. Legend began to learn how to become a truly international company. BEIJING • China's tech companies did a pretty good job convincing global investors that they operated independently from the Chinese Communist Party (CCP). [13], As of 2013, Liu served as a senior advisor at Kohlberg Kravis Roberts & Company. The offering received regulatory approval in June of that year. [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." Under his leadership, Legend has accomplished numerous achievements that paved the way for its future. By the early 1980s, Liu had achieved relative success as a computer scientist but still felt frustrated with his career. He said agriculture "will become the next strategic development area for Legend Holdings." [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. The firm had plans to start selling cherries and grapes from the United States, Australia, and Chile by the end of 2013. 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. 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. "[2], Their first significant transaction, an attempt to import televisions, failed. Liu says that at first he behaved "like a kind of dictator" and spent much time yelling. Liu Chuan-Ling Member of the Standing Committee of Liuzhou CCP 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. [2] He remained there until he co-founded Legend in 1984. Member of the planning committee. Mr. Liu Chuanzhi is currently the Honorary Chairman, Senior Advisor, and Member of the Strategic Committee of the Board of Legend Holdings. Vice directors : He Xin-Xin Member of the Standing Committee of Liuzhou CCP and E xecuting Deputy M ayor . 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. LyricsA Crescent Moon (Wan Wan De… Liu Huan. Liu said that Joyvio would invest in other well-known tea brands and related products. 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. Even in my dreams, I never imagined that one day we could buy the IBM PC business. "[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. He said, "My biggest worry is an unlawful world. The company has encountered some serious challenges since the In November 2013, its product range was expanded to kiwifruit. 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. His daughter was the President of Didi. Liu worked on the development of the Number 757 mainframe computer. "We were mainly scientists and didn't understand the market," Liu said. Lenovo Group, China’s largest personal computer manufacturer, gained a great deal of attention when it acquired IBM’s PC unit in 2004. [2], Liu Chuanzhi, received government permission to open a subsidiary in Hong Kong and was allowed to move there along with five other employees. He became a senior executive with the Bank of China and later became a patent lawyer and chairman of th… 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. 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 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. Liu's superiors immediately granted his request for autonomy. Liu Chuanzhi started the business with a $24,000 loan from the Chinese government in 1984. 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. What we can do are only things that we can control and anticipate. 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. Zheng Jun-Kang, Vice Secretary of Liuzhou CCP and Mayor of Liuzhou. Chuanzhi Liu was born in Zhenjiang City, Jiangsu Province in 1944. Page 1 of 8 - About 76 essays. Liu moved to Hong Kong in 1988. [18][19] Liu's grandfather sent his father, Liu Gushu (柳谷书), to study in Shanghai. [2], Liu was labeled an "intellectual element" during the Cultural Revolution. Despite his father's revolutionary credentials, Liu was declared unfit for military service because a relative had been denounced as a rightist. In the same interview, Liu said that Legend's focus would continue to remain on 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. 8. [3][2], Lenovo also tried and failed to market a digital watch. 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). His daughter served as the president of Didi. Analysts also worried about Lenovo's profitability.Lenovo's IPO was massively over-subscribed. an analogy, our enterprise is well likened to a tortoise but our foreign competitor is more like a rabbit. Liu's father, already in Hong Kong, supported his son's ambitions through mentoring and facilitating loans. 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. 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. [5] During an interview, Liu acknowledged the major risks involved with the IBM deal. "[15], As of 2002, Liu served as vice-chairman of the All-China Federation of Industry and Commerce. 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. "[2], Liu emphasized developing an effective working relationship with his superiors at the CAS from the very start. Liu Chuanzhi: In fact, most of what occurred during this crisis couldn't be predicted or avoided by businesses. 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. "Whatever we do has to fit into something we are doing in China," said Liu when referring to plans for overseas investment. At the same time, he has nurtured a group of younger-generation leaders. Liu was also anxious about his economic circumstances; in 1984, Liu had a growing family but an income of only 100RMB per month. Top lyrics Community Contribute Business. 6. Liu came up with the idea to start Lenovo in response to a lack of funding at the Chinese Academy of Sciences (CAS). The Chinese Academy of Sciences Holdings (CAS Holdings) is the largest shareholder of conglomerate Legend Holdings and the ultimate parent of Lenovo Group. Many tech leaders are also party members, including Ma, Lenovo founder Liu Chuanzhi and Huawei’s Ren Zhengfei. [9], Liu led an initial public offering for Legend on the Hong Kong Stock Exchange in 2015. Liu said in an interview that he planned to float Legend's stock on a domestic Chinese exchange before his retirement. Liu Chuanzhi; Liu Chuanzhi. 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. The estimated speaking fee range to book Liu Chuanzhi for your event is available upon request. He was named one of the "Ten Most Influential Men of the Commercial Sector" in China in 1996. From there he was sent to a farm in Hunan dedicated to reform through hard labor. Chuanzhi Liu has contributed significantly to the Legend conglomerate in share structure reform, strategy development, business expansion, management methodology and culture, and talent nurturing. I hope the country's leaders could be elected by the elites of the society." [2], Lenovo became a publicly traded company after listing in Hong Kong in 1994, raising nearly US$30 million. Liu Chuanzhi started the business with a $24,000 loan from the Chinese government in 1984. Liu is the founder of Lenovo, the largest computer maker in the world. In 2001, Liu was selected by Time Magazine as one of the "25 Most Influential Global Executives." Lenovo soon invested money in developing a circuit board that would allow IBM PCs to process Chinese characters. 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. Liu's grandfather sent his father, Liu Gushu (柳谷书), to study in Shanghai. Liu Qing joined Didi Chuxing as chief operating officer in July 2014 after working at Goldman Sachs for 12 years. Liu Gushu abandoned scholarship and passed an exam for employment with the Bank of China. Liu Chuanzhi generally travels from Belgium and can be booked for (private) corporate events, personal appearances, keynote speeches, or other performances. [7] Liu said in July 2012 that he plans to take Legend Holdings public with a listing in Hong Kong. Number two: Would employees continue to work for the new owner? 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. It was unthinkable. [2], When Lenovo was first listed, its managers thought the only purpose of going public was to raise capital. The work was just filed away." Of this time, Liu said, "It wasn't easy. I relied on my own initiative to do things. Liu's daughter Liu Qing (柳青) is an alumna of Peking University. CCP Our Dear Mother (Dang a Qin Ai de Ma Ma) Yin Xiumei. The company had sales of 32.45 million yuan in 2012. Liu is a former Chinese Communist Party delegate and was a leader of the 2011 CEC delegation to the White House. Are the lyrics correct? Deng directed then-CCP General Secretary Hu Yaobang. For more than ten years, Lenovo served as Hewlett-Packard's distributor in China. 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. Impossible. Liu Gushu was a "patriotic capitalist" who worked secretly for the Communist Party before the revolution of 1949. We began to think about issues of credibility. 3:57 PREVIEW Tonight Is Unforgettable (Nan Wang Jin Xiao) 李谷一. No other Chinese entrepreneur has ever gained a reputation like Liu, who has been dubbed the business “godfather” in China. 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. This led to big discussions, especially between the engineering chief and myself. A Case Study of Lenovo Strategies 4635 Words | 19 Pages. [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 also worried about dealing with local government officials and party cadres. Many tech leaders are also party members, including Ma, Lenovo founder Liu Chuanzhi and Huawei’s Ren Zhengfei. But we only produced one of each. [14], Liu has been named "Asian Businessman," one of the "Global 25 Most Influential Business Leaders," and many other awards. 7. The group rebuilt itself within a year by conducting quality checks on computers for new buyers. The company was praised for its good management, strong brand recognition, and growth potential. Type song title, artist or lyrics. Its purpose is to strengthen the sense of social responsibility among China's young entrepreneurs. [16] Since 2004, Liu has served as director of the Computer Technology Research Institute of the Chinese Academy of Sciences. Sign in Sign up. 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