Sign in Sign up. Despite his father's revolutionary credentials, Liu was declared unfit for military service because a relative had been denounced as a rightist. The fact that in the 1980s entrepreneurs were drawn from lower classes, and often dishonest as well, made the private sector even more unattractive. 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. "[5], In December 2013 Liu expressed optimism about economic reform in China. In order to save money during this period, Liu and his co-workers walked instead of taking public transportation. Liu came up with the idea to start Lenovo in response to a lack of funding at the Chinese Academy of Sciences (CAS). According to the company's annual report it has been growing 40 to 50 percent per year. WWG1WGA! The kiwifruit has been named "Liu Kiwi," in honor of Liu Chuanzhi. [2], Liu was labeled an "intellectual element" during the Cultural Revolution. Vice directors : He Xin-Xin Member of the Standing Committee of Liuzhou CCP and E xecuting Deputy M ayor . This led to big discussions, especially between the engineering chief and myself. [16] Since 2004, Liu has served as director of the Computer Technology Research Institute of the Chinese Academy of Sciences. 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. [9], Liu is a member of the China Entrepreneurs Club (CEC). Impossible. Forbes speculated that Liu may be trying to "create a Chinese version of General Electric." He was named a Model Worker and Man of Reform in China, both in 1995. The company has encountered some serious challenges since the 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. At the same time, he has nurtured a group of younger-generation leaders. Longguan was previously a fully state-owned enterprise operating under the jurisdiction of the Chinese Academy of Agricultural Sciences. 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 started the business with a $24,000 loan from the Chinese government in 1984. [4], In June 2012, Liu stepped down as chairman of Legend Holdings, the parent company of Lenovo. I was wearing an old business suit of my father's and I sat in the back row. Joyvio will pursue complete vertical integration from farming all the way to retailing. Search for: "Liu Chuanzhi" (8 Results) Thank you President Trump! No other Chinese entrepreneur has ever gained a reputation like Liu, who has been dubbed the business “godfather” in China. By the early 1980s, Liu had achieved relative success as a computer scientist but still felt frustrated with his career. The work was just filed away." "[2], Liu claims Hewlett-Packard as a key source of inspiration for Lenovo. "We had three serious risks. Prior to Lenovo's IPO, many analysts were optimistic. 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. Of this time, Liu said, "It wasn't easy. BEIJING • China's tech companies did a pretty good job convincing global investors that they operated independently from the Chinese Communist Party (CCP). What we can do are only things that we can control and anticipate. Longguan produces Hangzhou's famous Longjing tea. He said, "Before I only had one boss, but CAS never asked me anything. 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 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. Undoubtedly, Liu Chuanzhi, founder of Lenovo Group, is one of China’s most famous entrepreneurs. [2], Lenovo became a publicly traded company after listing in Hong Kong in 1994, raising nearly US$30 million. Deng directed then-CCP General Secretary Hu Yaobang. Liu's superiors immediately granted his request for autonomy. Despite its rhetoric of market-oriented reform, the Chinese government was reluctant to relax state control of the economy. 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 daughter was the President of Didi. I … A Case Study of Lenovo Strategies 4635 Words | 19 Pages. His daughter served as the president of Didi. Liu Chuanzhi: In fact, most of what occurred during this crisis couldn't be predicted or avoided by businesses. [14], After graduating from high school in 1962, Liu applied to be a military pilot and passed all the associated exams. Liu is responsible for Legend's move into food. Legend began to learn how to become a truly international company. Chuanzhi Liu was born in Zhenjiang City, Jiangsu Province in 1944. "[5], Business ethics were a key challenge for Liu in establishing and expanding Lenovo. In 2012, Forbes named Liu one of the 10 most important business leaders in China. He said, "We were the top computer technology research organization in China. 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. [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. 3:07 PREVIEW A Beautiful Legend (You Yi Ge Mei Li de Chuan Shuo) Liu Shiming. [2], When Lenovo was first listed, its managers thought the only purpose of going public was to raise capital. Liu Chuanzhi; Liu Chuanzhi. [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. 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. [7] Liu said in July 2012 that he plans to take Legend Holdings public with a listing in Hong Kong. Legend has invested more than 1 billion yuan in Joyvio. Liu is a former Chinese Communist Party delegate and was a leader of the 2011 CEC delegation to the White House. Liu's father continued his work with the Bank of China and joined the Chinese Communist Party. Member of the planning committee. Legend's major assets include Lenovo, Legend Capital, a real-estate venture called Raycom, Digital China, and Hony Capital. [1] He remains one of the leaders of the company. It was unthinkable. Its purpose is to strengthen the sense of social responsibility among China's young entrepreneurs. 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. His story mirrors the evolution of the country’s reform and opening-up, and his quotes have been spread widely. But I knew this was not true, that marketing and other factors were part of the eventual success of a product." With high aspirations, he continually initiates new business areas for the Legend conglomerate, taking it to new heights. Now, Mr Jack Ma has become a case study for the firms' biggest sceptics. In 1990, Lenovo started to assemble and sell computers under its original brand name, Legend. Liu Gushu was a "patriotic capitalist" who worked secretly for the Communist Partybefore the revolution of 1949. 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 is a former Chinese Communist Party delegate and was a leader of the 2011 CEC delegation to the White House. The company had sales of 32.45 million yuan in 2012. 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. Many tech leaders are also party members, including Ma, Lenovo founder Liu Chuanzhi and Huawei’s Ren Zhengfei. In autumn of the same year, Liu entered the People's Liberation Army Institute of Telecommunication Engineering, now known as Xidian University. Liu moved to Hong Kong in 1988. He was named one of the "Ten Most Influential Men of the Commercial Sector" in China in 1996. Liu Gushu abandoned scholarship and passed an exam for employment with the Bank of China. Lenovo's early difficulties were compounded by the fact that its staff had little business experience. 3:46 PREVIEW Friends (Pengyou) 臧天朔. CCP Our Dear Mother (Dang a Qin Ai de Ma Ma) Yin Xiumei. Liu's father, already in Hong Kong, supported his son's ambitions through mentoring and facilitating loans. [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." The CEC was founded in 2006. Liu Chuanzhi generally travels from Belgium and can be booked for (private) corporate events, personal appearances, keynote speeches, or other performances. Lenovo's Hong Kong and Mainland China business units conducted a merger and secondary offering in 1997. 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. Contact our Speakers Bureau for Liu Chuanzhi’s booking fee, appearance cost, speaking price, endorsement and/or marketing campaign cost. 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). 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. He also served as the CEO of Rio Tinto. 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. We began to think about issues of credibility. Liu's father developed a reputation as an honest and skilled banker. I didn't care that the investment was small, but I knew I must have control over finances, human resources and decision-making." [4], Unlike many other Chinese business leaders, Liu has often spoken out on political issues. 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. 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. 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. Joyvio's first product was blueberries. Lenovo's culture gradually changed and Liu was able to relax his authoritarian style. Liu Chuanzhi has made a significant contribution to the company's institution and mechanism construction, strategy development, business expansion, management methodology and … But we only produced one of each. The Chinese Academy of Sciences Holdings (CAS Holdings) is the largest shareholder of conglomerate Legend Holdings and the ultimate parent of Lenovo Group. Liu worked on the development of the Number 757 mainframe computer. Liu Chuanzhi recently spoke with Knowledge@Wharton about Lenovo’s business challenges, lessons from past experiences, and plans for the future. In the same interview, Liu said that Legend's focus would continue to remain on China. One way it does that is through the presence of party committees in companies, among them tech enterprises, that are made up of employees. 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 the first day of trading the company's stock price hit a high of HK$2.07 and closed at HK$2.00. [9], Liu led an initial public offering for Legend on the Hong Kong Stock Exchange in 2015. [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. Lenovo is now the second-largest computer group in the world. During this period many Chinese intellectuals felt that commerce was immoral and degrading. Liu also worried about dealing with local government officials and party cadres. Liu said in an interview that he planned to float Legend's stock on a domestic Chinese exchange before his retirement. "[2], Liu emphasized developing an effective working relationship with his superiors at the CAS from the very start. 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. Liu was named one of the "Stars of Asia" by BusinessWeek magazine in 2000. The estimated speaking fee range to book Liu Chuanzhi for your event is available upon request. [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. 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. Liu's daughter Liu Qing (柳青) is an alumna of Peking University. 8. Many tech leaders are also party members, including Ma, Lenovo founder Liu Chuanzhi and Huawei’s Ren Zhengfei. "Whatever we do has to fit into something we are doing in China," said Liu when referring to plans for overseas investment. 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. Born in 1944 at Zhenjiang city of Jiangsu province in China, Chuanzhi Liu graduated from the Xi’an Military Communications Engineering Institution in 1966. Director s: Chen Gang, Secretary of Liuzhou CCP and Director of the Standing Committee of Liuzhou CPPCC, and . 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 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. Liu said that Joyvio would invest in other well-known tea brands and related products. Liu's superior arranged for the academy to loan him and the other co-founders the afore-mentioned 200,000 yuan. 6. "[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. 4. THE BEST IS YET TO COME! 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. Zheng Jun-Kang, Vice Secretary of Liuzhou CCP and Mayor of Liuzhou. 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. Many tech leaders also belong to the CCP, including Mr Ma, Lenovo founder Liu Chuanzhi and Huawei's Ren Zhengfei. Liu Chuanzhi is a keynote speaker and industry expert who speaks on a wide range of topics. During his studies Liu received an introduction to computing. Lenovo became an employer of choice for Chinese engineers and managers with overseas education. Liu is a former Chinese Communist Party delegate and was a leader of the 2011 CEC delegation to the White House. 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. The company was praised for its good management, strong brand recognition, and growth potential. [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 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. Academic library - free online college e textbooks - info{at}ebrary.net - © 2014 - 2021. Under his leadership, Legend has accomplished numerous achievements that paved the way for its future. 3:57 PREVIEW Tonight Is Unforgettable (Nan Wang Jin Xiao) 李谷一. [2][20], Liu is married and has three children. felixia submitted the lyrics for this song. Liu feared that his company might fail due to government micro-management. Are the lyrics correct? Due to his political and class background, Liu was deemed unsuitable for such sensitive subjects and assigned to study radar. Even in my dreams, I never imagined that one day we could buy the IBM PC business. Joyvio has taken over day-to-day control of Longguan. [2] He remained there until he co-founded Legend in 1984. "We just learned by trial-and-error, which was very interesting—but also very dangerous," said Liu. While his work on magnetic data storage was important, it lacked direct practical applications. 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. China had a strict planned economy and there was barely room for a freewheeling company like ours. 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. [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. 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. [8], Liu said in an interview with Forbes that he hoped to diversify away from IT-related businesses and that Legend Holding's assets would be mainly concentrated in information technology, real estate, services, coal processing, and agriculture. Top lyrics Community Contribute Business. In order to keep up appearances they rented hotel rooms for meetings. Liu Chuanzhi's maternal grandfather served as finance minister for the warlord Sun Chuanfang. [14], Liu has been named "Asian Businessman," one of the "Global 25 Most Influential Business Leaders," and many other awards. 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