46 Facts About Liu Chuanzhi

Liu Chuanzhi remains one of the leaders of the company.

Liu Chuanzhi founded Lenovo, in 1984 with a group of ten other engineers in Beijing with 200,000 yuan and an office roughly 20 square yards in size.

Liu Chuanzhi came up with the idea to start Lenovo in response to a lack of funding at the Chinese Academy of Sciences.

Liu Chuanzhi's superior arranged for the academy to loan him and the other co-founders the afore-mentioned 200,000 yuan.

Liu Chuanzhi emphasized developing an effective working relationship with his superiors at the CAS from the very start.

Liu Chuanzhi feared that his company might fail due to government micro-management.

Liu Chuanzhi felt that if the quality of the product was good, then it would sell itself.

Liu Chuanzhi received government permission to open a subsidiary in Hong Kong and was allowed to move there along with five other employees.

Liu Chuanzhi was praised for its good management, strong brand recognition, and growth potential.

The first time Liu Chuanzhi 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 later came to understand that he was accountable to shareholders.

Business ethics were a key challenge for Liu Chuanzhi in establishing and expanding Lenovo.

Liu Chuanzhi says that at first he behaved "like a kind of dictator" and spent much time yelling.

Lenovo's culture gradually changed and Liu Chuanzhi was able to relax his authoritarian style.

In June 2012, Liu Chuanzhi stepped down as chairman of Legend Holdings, the parent company of Lenovo.

Liu Chuanzhi 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.

Liu Chuanzhi said in July 2012 that he plans to take Legend Holdings public with a listing in Hong Kong.

Liu Chuanzhi led an initial public offering for Legend on the Hong Kong Stock Exchange in 2015.

Liu Chuanzhi said in an interview that he planned to float Legend's stock on a domestic Chinese exchange before his retirement.

Liu Chuanzhi is applying the OEM business model common in the technology industry in order to work effectively with small family farms and agricultural cooperatives.

Liu Chuanzhi had sales of 32.45 million yuan in 2012.

Liu Chuanzhi said he aims to bring innovation and commercial methods to the tea industry.

Liu Chuanzhi said that Joyvio would invest in other well-known tea brands and related products.

Liu Chuanzhi was labeled an "intellectual element" during the Cultural Revolution.

Liu Chuanzhi 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 Chuanzhi worked on the development of the Number 757 mainframe computer.

Liu Chuanzhi remained there until he co-founded Legend in 1984.

Unlike many other Chinese business leaders, Liu Chuanzhi has often spoken out on political issues.

In December 2013 Liu Chuanzhi expressed optimism about economic reform in China.

Since 2004, Liu Chuanzhi has served as director of the Computer Technology Research Institute of the Chinese Academy of Sciences.

Liu Chuanzhi was a delegate to the 16th National Congress of Chinese Communist Party and a deputy to the 9th and 10th sessions of the National People's Congress, China's highest legislative body.

Liu Chuanzhi has been named "Asian Businessman," one of the "Global 25 Most Influential Business Leaders," and many other awards.

Liu Chuanzhi received Second National Technology Entrepreneurs Gold Award in 1990.

Liu Chuanzhi was named a Model Worker and Man of Reform in China, both in 1995.

Liu Chuanzhi was named one of the "Ten Most Influential Men of the Commercial Sector" in China in 1996.

Liu Chuanzhi was named one of the "Stars of Asia" by BusinessWeek magazine in 2000.

Liu Chuanzhi is a member of the China Entrepreneurs Club.

Liu Chuanzhi was born in 1945 in Zhenjiang, Jiangsu, where his paternal grandfather was head of a traditional Chinese bank.

Liu Chuanzhi's grandfather sent his father, Liu Chuanzhi Gushu, to study in Shanghai.

Liu Chuanzhi Gushu abandoned scholarship and passed an exam for employment with the Bank of China.

Liu Chuanzhi Gushu was a "patriotic capitalist" who worked secretly for the Communist Party before the revolution of 1949.

Liu Chuanzhi became a senior executive with the Bank of China and later became a patent lawyer and chairman of the China Technology Licensing Company.

Liu Chuanzhi's father continued his work with the Bank of China and joined the Chinese Communist Party.

Liu Chuanzhi's father developed a reputation as an honest and skilled banker.

Liu Chuanzhi's daughter Liu Chuanzhi Qing is an alumna of Peking University.

Liu Chuanzhi Qing joined Didi Chuxing as chief operating officer in July 2014 after working at Goldman Sachs for 12 years.