The document provides biographical information about Liu Chuanzhi, the founder of Lenovo, the largest computer maker in the world. It details his early life and education in China, including facing challenges during the Cultural Revolution. It describes how in 1984, frustrated with his career and economic circumstances, Liu founded Lenovo in Beijing with 10 other engineers and a small loan. The company grew to become the largest computer maker, with Liu remaining its leader.

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Date: 1st
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Liu Chuanzhi
Founder- Lenovo
Liu Chuanzhi (Born 29 April 1944) is a Chinese businessman. Liu is the
founder of Lenovo, the largest computer maker in the world, and remains the
leader of the company
Early Life & Education
After graduating from high school in 1962, Liu applied to be a military pilot
and passed all the associated exams. Despite his father's revolutionary
credentials, Liu was declared unfit for military service because a relative had
been denounced as a rightist. In autumn of the same year, Liu entered the People's Liberation Army Institute of
Telecommunication Engineering, now known as Xidian University. Due to his political and class background,
Liu was deemed unsuitable for such sensitive subjects and assigned to study radar. During his studies Liu
received an introduction to computing.
Liu was labeled an "intellectual element" during the Cultural Revolution. 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.
From there he was sent to a farm in Hunan dedicated to reform through hard labor. 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 worked on the
development of the Number 757 mainframe computer. In 1984, he resigned to become a cadre in the personnel
office of the Chinese Academy of Sciences. He remained there until he co-founded Legend in 1984.
Personal Life
Liu was born in 1944 in Zhenjiang, Jiangsu near Shanghai, where his paternal grandfather was head of a
traditional Chinese bank. Liu's grandfather sent his father, Liǔ Gǔshū (柳谷书), to study in Shanghai. Liu Gushu
abandoned scholarship and passed an exam for employment with the Bank of China. Liu Gushu was a "patriotic
capitalist" who worked secretly for the Communist Party before the revolution of 1949. He 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 maternal grandfather served as finance minister for the warlord Sun
Chuanfang. 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's father continued his work with the
Bank of China and joined the Chinese Communist Party. Liu's father developed a reputation as an honest and
skilled banker.
Carrer
By the early 1980s, Liu had achieved relative success as a computer scientist but still felt frustrated with his
career. While his work on magnetic data storage was important, it lacked direct practical applications. He said,
"We were the top computer technology research organization in China. We developed the first electron-tube
computer and the first transistor computer. But we only produced one of each. Then we went on to develop
something else. The work was just filed away." Liu was also anxious about his economic circumstances; In
1984, Liu had a growing family but an income of only 100RMB per month.
Liu founded Lenovo (whose English name was originally Legend, in Chinese 联想 Lianxiang), 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
came up with the idea to start Lenovo in response to a lack of funding at the Chinese Academy of
Sciences (CAS). Liu's superior arranged for the academy to loan him and the other co-founders the afore-
mentioned 200,000 yuan. Of this time, Liu said, "It wasn't easy. The lowest thing you could do in the early '80s,
as a scientist, was to go into business. China had a strict planned economy and there was barely room for a
freewheeling company like ours."