© 2021 Forbes Media LLC. Yang stayed on after repeated requests from Liu Chuanzhi. Yang ensured proper training of distributors and brought in Microsoft and Intel to help with these efforts. These qualities caught the attention of Liu Chuanzhi, who later promoted Yang to head Lenovo's personal computer Business at just 29 years old. Yang was born on 12 November 1964 to parents both educated as Surgeons. Seeking to increase Lenovo's size, he has led the company to buy Google's Motorola handset unit for $2.9 billion and IBM's low-end server business for $2.1 billion. Due to China's large territory, large population, varying degrees of economic development, and widely different local regulations, Lenovo was having difficulty operating nationwide. That’s why we enter the markets one by one. The change was requested by Bill Gates and Steve Ballmer to combat what they referred to as a rise in the number of pirated versions of Windows. He spent his childhood in Hefei in Anhui province. Mr. Yang Yuanqing, 55, is the Chairman of the Board, Chief Executive Officer and an executive director of the Company. There are many brands from which you can choose, and here we have listed our top 10 best laptop brands 2020 for your buying ease. 17 Comments on this Story. With IBM deal, Yang Yuanqing sees a better match than HP-Compaq, and more industry consolidation in the future. Shares in NIO have plummeted, down more than 74% for the year, as the company grapples with cost overruns and weak demand for its … Yang's first major task at Lenovo was to write a bid to become an IBM reseller. Lenovo's Yang Yuanqing is leading an attack on the consumer market with a smart phone slated to launch in China. Yang Yuanqing, the CEO of China computer vendor Lenovo, will join the CEO Roundtable on Cancer, an international non-profit group focused on preventing cancer and advancing research that promotes improved patient outcomes. Chinese technology company Lenovo Group, led by Yang Yuanqing, has bought the low-end server unit of American technology and consulting corporation the International Business Machines Corporation, led by Virginia Rometty, for US$2.3 billion, according to DealBook.. Lenovo will pay US$2.07 billion in cash and the rest with the shares of the company. Yang was named "2007 Chinese Business Leader" by Fortune China. Yang has created a "performance culture" instead of the traditional Chinese work style of "waiting to see what the Emperor wants." FREE Background Report. Yang said of his Father, "If he set a target, no matter what happened, he wanted to reach it.". Yang holds an annual banquet at his home in Beijing for Lenovo's top executives. Yang said of his father, "If he set a target, no matter what happened, he wanted to reach it." Net Worth: $22.54 Billion Launched: November 1984 Founder: Liu Chuanzhi Present CEO: Yang Yuanqing Headquarter: Beijing, China Production per Year: 40 million phones Sales per Year: 35 million units Revenue per Year: $14 billion USD First Model: Lenovo S8 Popular Models: Lenovo Z6 Pro 5G, Lenovo Z5 Pro GT, Lenovo Z5 Pro, Lenovo K10 Plus, K10 Note, A6 Note Yang worried that fears about Lenovo's supposed connections to the Chinese government would be an ongoing issue in the United States. Yang Yuanqing is the chairman and chief executive officer of Lenovo. While Lenovo had been using direct sales and a network of distributors, Yang gave up on direct sales in favor of exclusively using independent agents to avoid the costs of administering a complex sales network. Lenovo's CEO Dixon Jose gave up his job to Yang. These versions were predominantly being installed on the hard drives of computers with no bundled operating system. Chinese technology company Lenovo Group, led by Yang Yuanqing, has bought the low-end server unit of American technology and consulting corporation the International Business Machines Corporation, led by Virginia Rometty, for US$2.3 billion, according to DealBook.. Lenovo will pay US$2.07 billion in cash and the rest with the shares of the company. University of Science and Technology of China alumni, Shanghai Jiao Tong University Seeking to increase Lenovo's size, he has led the company to buy Google's Motorola handset unit for $2.9 billion and IBM's low-end server business for $2.1 billion. Mr. Yang Yuanqing was selected to accompany Chinese president Xi Jinping on a state visit to the United States in September 2015. Yang Yuanqing, Lenovo's Chairman and CEO, ... since his last annual bonus was reportedly worth US$5.2 million, and his net personal income for the year totaled US$14 million. Yang Yuanqing's $3.25 million bonus will be split among Lenovo's 10,000 hourly manufacturing workers, mainly in China. The estimated Net Worth of Dion J Weisler is at least $258 Million dollars as of 7 December 2019. In contrast to Lenovo, foreign firms often tried to squeeze distributors' margins. Steve Ballmer said, "Yuanqing made a huge difference. Lenovo is my life's struggle and career, I have invested all of my Energy into it. ", In December 2012, Yang was named one of the "2012 CCTV China Economic Figures" in a televised award ceremony. In 2001, Business Week named him one of Asia's rising stars in business. Yang believed that he would benefit from exposure to American Business practices but Liu persuaded him to delay his plans for two years. Its net profit rose 13% in the third quarter on revenues of $8.6 billion. List Net Worth of 1964 births, Net Worth 2019 of 1964 births, including Alexander Ponomarenko, Arkady Volozh, Charles Dunstone, David Kabiller, ... Yang Yuanqing Net Worth Technology. Lenovo's CEO Yuanqing Yang believes sunnier days are ahead. Yang was born on 12 November 1964 to parents both educated as surgeons. China's Yang Yuanqing and American William Amelio pursue a different PC strategy for Lenovo, challenging mindsets and market dips along the way. Yang Yuanqing's $3.25 million bonus will be split among Lenovo's 10,000 hourly manufacturing workers, mainly in China. Europe Is A Tool In China’s Bid For Global Supremacy, New Book Says, Female Entrepreneur's Ascent To Lenovo Board Highlights Gender Gap In China Tech, Lenovo's Moto Bets On 'Modular' Smartphone System. Yang serves on the National Committee of the Chinese People's Political Consultative Conference, China's top governmental advisory body that includes more than 2,000 of China's elites from all sectors of society. Are you also wondering how much money is David Bach making on Youtube, Twitter, Facebook and Instagram? Yang Yuanqing was born on November 12, 1964 in China. This action resulted in Lenovo cutting its sales staff from over 100 to just 18 in 1994. Yang Yuanqing was born on November 12, 1964 in China. While Lenovo's official language is English, Yang initially did not understand the language well; he relocated his family to Morrisville to improve his language skills and soak up American culture. A laptop is an absolute necessity in this age, and what is the best laptop brand in 2020 is the most asked question. Yang decided on Lenovo implementing specific job descriptions with clear responsibilities and a system of performance evaluations used to determine annual bonuses. Another reason for Yang to smile (Image credit: AFP/Getty Images via @daylife) Lenovo stock closed up 2.1% Wednesday in Hong Kong and have been trading at a five-year peak. See clips from our partners here: — HP CEO Enrique Lores (23:43 – 27:15) — Lenovo CEO Yang Yuanqing (35:30 – 38:49) — Vice President of Technology for Lucasfilm François Chardavoine (30:32 – 35:29) — Mercedes-AMG Petronas Formula 1 Team Driver Lewis Hamilton and Team CEO Toto Wolff (38:50 – 45:55) — Microsoft Chief Product Officer Panos Panay (11:00 – 17:15) He insisted on a more formal dress code and training all employees in telephone etiquette; Yang wanted his people to think and act like high-tech workers in developed markets. Acer may be critical of Windows 8, but Lenovo chairman and CEO Yang Yuanqing says the company is experiencing "hyper growth" in their smartphone and tablet business. Yang, a 43-year old entrepreneur and venture capitalist, is admittedly a long-shot candidate for President. He is also a director and a shareholder of Sureinvest Holdings Limited which holds interests in the issued shares of the Company. All Rights Reserved. He is also a director and a shareholder of Sureinvest Holdings Limited which holds interests in the issued shares of the Company. Lenovo India Amar Babu RK Amar Babu productivity promotions product endorsements Wholesale price index net worth Yang Yuanqing. The Edison awards honor innovation in science and technology and recognize individuals for their “broad contributions to technical innovation.” Yang was the first person from Asia ever to receive the award. The issue soon faded away. Naruatsu Baba Net Worth Technology. In 2008, Forbes Asia named Yang "Businessman of the Year." That means Lenovo CEO Yang Yuanqing is sitting on [...], Yang Yuanqing, left, NEC president Nobuhiro Endo. Regardless of your views on executive pay, the way Lenovo CEO Yang Yuanqing has chosen to dispense with $3 million of his bonus is quite admirable. Problems at Legend due to lower import duties on personal computers did not allow for this though. [160] Prabhas Ghosh 2490 days ago. Within a year of joining Lenovo in 1988, Yang had lost interest in sales and had taken the TOEFL in preparation to study overseas. Disclamer: Yang Yuanqing net worth are calculated by comparing Yang Yuanqing's influence on Google, Wikipedia, Youtube, Twitter, Instagram and Facebook with anybody else in the world. Each employee will receive a bonus of roughly $300. One American Lenovo executive interviewed by The Economist praised Yang for his efforts to make Lenovo a friendly place for foreigners to work. Yang Yuanqing is the chairman and chief executive officer of Lenovo. Past winners include Steve Jobs, Ted Turner, Doug Ivester, and Martha Stewart. In the meantime, the enterprising spirit encouraged by Liu Chuanzhi in Lenovo by culture building has supported Lenovo to cultivate so many talents including the managerial talents such as Yang Yuanqing, and some ordinary but hard working employees, who devoted a lot the reputation and market performance of Lenovo today (Liu 2007). Yang Yuanqing (simplified Chinese: 杨元庆; traditional Chinese: 楊元慶; pinyin: Yáng Yuánqìng, born 12 November 1964) is a Chinese businessman who is the current chairman and CEO of Lenovo. University of Science and Technology of China. The company has dual headquarters in Beijing and Morrisville, the former home of IBM's personal computer Business. Yang Yuanqing, CEO of Lenovo Group, takes an interview at a production base in Wuhan in central China's Hubei province Thursday Dec. 19, 2013. Yang Yuanqing was chairman of Lenovo's board from 2004 to 2008. Yang worked to ease worries by communicating directly with Congress. Jimmy John Liautaud Net Worth Restaurateurs. The two companies had failed to reach a … All Rights Reserved. It’s refreshing to see Lenovo’s (HKEx: 992) chatty CEO Yang Yuanqing finally doing something besides boasting about his big plans for the company, with word that he is donating a big chunk of his annual bonus to ordinary employees. During the ceremony Yang said, "I have a dream that Lenovo will become the pride of China in the IT industry. Yang stated, “If you don’t have enough scale, if you don’t have enough volume, it’s hard to make money. Check Reputation Score for Yuanqing Yang in Raleigh, NC - View Criminal & Court Records | Photos | Address, Emails & Phone Number | Personal Review | $80 - $89,999 Income & Net Worth In exchange, Microsoft China offered a rebate on Windows and marketing assistance. He was willing to go out on a limb.". China began its annual political high season on Tuesday with pomp and circumstance at Beijing’s Great Hall of the People. It seems that as Yang was discussing that deal, the largest ever for Lenovo at the time, [...], Yang Yuanqing Lenovo Chairman Yang Yuanqing (Photo credit: Wikipedia) No. Yang has said that when Lenovo enters a new market they intend to be number one. Generally speaking, the bigger the hexagon is, the more valuable Yang Yuanqing networth should be on the internet! [160] Yang received the same award in 2004. Liu also said, "I had been observing Yang a long time before I appointed him to take over the PC Business. Yang's parents endured repeated persecution during the Cultural Revolution. Yang Yuanqing (simplified Chinese: 杨元庆; traditional Chinese: 楊元慶; pinyin: Yáng Yuánqìng, born 12 November 1964) is a Chinese businessman who is the current chairman and CEO of Lenovo. D'Amato later stated that he was impressed with Yang's candor. I hope the current quarter could be even better,” Lenovo’s Chairman Yang Yuanqing said in an interview with Reuters. Qi Xiangdong Net Worth Technology. He grew up poor, as his parents were paid the same salaries as manual laborers. He was quickly promoted. After submitting his bid, Yang discovered that he had quoted twice the price of his competitors. In 2004, he was listed among "Asia's 25 Most Influential Business Leaders" by Fortune Asia. In 1999 and 2001, the magazine BusinessWeek named him one of the "Stars of Asia." (Image credit: AFP/Getty Images via @daylife) Yang Yuanqing, the chief executive of the computer maker Lenovo, got a bonus $3 million bigger this year than last year. "Now is a very tough period" for smartphone makers in China, CEO Yang Yuanqing said in an interview. Many analysts cite Lenovo's distribution system and after sales Service as the key to its expansion. According to Hurun Report's 2013 China Rich List, he had an estimated fortune of around US$620 million and is the 533rd richest person in China. Lenovo is my life's struggle and career, I have invested all of my energy into it. In February 2009, Yang gave up his position as chairman and again became CEO at Lenovo. ... Market shares worth 25.7% consisted of Lenovo’s personal computers. Lenovo Swallows Motorola, Indigestion Coming? He used the move to break Lenovo's cultural links to the past. Yang's donation funds grants of $75,000 per scholar. Our cloud-network convergence business provides products such as 5G cloud base stations, 5G private network core networks, and … In 2014, he pushed for legislation to protect privacy and personal data on the web and electronic devices. In 2005, Yang Yuanqing undertook a deal with Microsoft to have Windows preloaded on most Lenovo computers sold in China. 250 Estimated Wealth: $800 million Age: 48 Source of Wealth: Manufacturing Main Business: Lenovo Group Yang debuts on the Forbes China Rich List following an all-round successful year personally and for Lenovo, the computer maker he chairs. Yang Yuanqing (Chairman and CEO): Website: www.lenovo.com : Lenovo is a Chinese computer company that makes computers, laptops, tablets, and other devices.. Lenovo was founded in Beijing in 1984 as Legend and was incorporated in Hong Kong in 1988. Mr. Weisler owns over 285,388 units of Thermo Fisher Scientific stock worth over $236,984,377 and over the last 7 years he sold TMO stock worth over $21,166,682. Yang Yuanqing is the chairman and CEO of Lenovo Group of Beijing, the world's largest maker of personal computers. On 1 May 2014, Yang received the 2014 Edison Achievement Award in San Francisco at the annual Edison Awards Gala. Mr. Yang assumed the duties of chief executive officer of the Company on February 5, 2009. Lenovo has acquired companies all over the world. Yang also sent many Lenovo executives to the US for long postings. Yang said that while the internet has brought many advances it also brings new challenges such as protecting privacy and securing personal information. One of his major achievements was leading Lenovo to become the best-selling personal computer brand in China since 1997. Wang Jianyi Net Worth Technology. Following a 36% run-up in the stock price in 2012, the company's market cap is $10.4 billion . Shares rose 2.6% to HK$7.76 [...], Lenovo CEO Yang Yuanqing is in pole position in global PC shipments (Image credit: AFP/Getty Images via @daylife) China's Lenovo passed Hewlett-Packard in the second quarter of 2013 as the world's number-one PC supplier. When Yang took over Lenovo's personal computer division, he strongly discouraged the use of formal titles and required staff to address each other by their given names. Yang Yuanqing:Lenovo has invested and accumulated in the 5G field for many years, and it has applied for more than 1,000 standard essential patents. Traditionally, each guest at the banquet stands up and uses a toast to set goals for their Business unit. In October 2015, the University of North Carolina announced a donation of $1 million from Yang Yuanqing to fund biomedical research. Last updated: 1 October 2020 at 11:00am EST. He spent his childhood in Hefei in Anhui province. Yang also stood out at Lenovo for being a quiet, deep thinker. Yang Yuanqing (simplified Chinese: 杨元庆; traditional Chinese: 楊元慶; pinyin: Yáng Yuánqìng, born 12 November 1964) is a Chinese businessman who is the current chairman and CEO of Lenovo. Lenovo’s Yang donates $3 mln to employees. The estimated Net Worth of Enrique Lores is at least $40 Million dollars as of 7 December 2020. Lenovo acquired IBM's personal computer business in 2005 and agreed to acquire its Intel-based server business in 2014. After addressing human resources issues, Yang moved on to distribution. Yang Yuanqing Born : 12th-Nov-1964 Zodiac Sign : Scorpio Birth Place : Hefei Anhui Education : Shanghai Jiao Tong University, University of science and technology China Occupation : CEO Industry : Manufacturing Networth : $1.2 Billion July 23, 2012. Yang Yuanqing is the chairman and CEO of Lenovo Group of Beijing, the world's largest maker of personal computers. Lin Bin Net Worth Technology. The CEO Roundtable on Cancer is known for its CEO Cancer Gold Standard, a workplace wellness program that focuses [...], I commented last week that Lenovo (HKEx: 992) Chairman Yang Yuanqing didn’t seem extremely enthusiastic about his landmark deal to buy IBM’s (NYSE: IBM) low-end server business, and now perhaps we know why. Yang made his proposal at the advisory body's annual meeting. Yang earned an undergraduate degree in computer science from Shanghai Jiaotong University in 1986 and graduated with a master's degree from the University of Science and Technology of China in 1988. For the quarter ending June 30, Lenovo’s profits rose by 18% from [...], Lenovo CEO Yang Yuanqing has every reason to smile (Image credit: AFP/Getty Images via @daylife) Lenovo, the world's largest PC maker, has topped market expectations with a 23% jump in net profit to $174 million in the quarter ending Jun 30 on revenues of $8.8 billion. Yang's parents endured repeated persecution during the Cultural Revolution. Yuanqing Yang Net Worth Yuanqing Yang biography. Yang Yuanqing has helped raise Legend Computer Systems Ltd’s PC market share in China to more than 30 percent in 2000, making the company the … In 2001, Business Week named him one of Asia's rising stars in business. Each employee will receive a bonus of roughly $300. Yang also hired a private tutor and watched cable news to practice. Taizo Son Net Worth Technology. That's a milestone that the company is keen to trumpet, and investors seem to agree: shares in [...]. Other manufacturers adopted this approach afterwards, partly due to Yang's substantial influence in China's Technology industry. America's Top Givers: The 25 Most Philanthropic Billionaires, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Lenovo's Yang Yuanqing Joins CEO Roundtable On Cancer. Seeking to increase Lenovo's size, he has led the company to buy Google's Motorola handset unit for $2.9 billion and IBM's low-end server business for $2.1 billion. The first recipients were Jonathan Berg, an associate professor of genetics and medicine; Maureen Su, an associate professor of pediatrics, microbiology and immunology; and Yisong Wan, an associate professor of microbiology and immunology. © 2021 Forbes Media LLC. Yang travelled to meet distributors throughout China and used his technical knowledge to achieve a strong sales record. According to Hurun Report 's 2013 China Rich List, he had an estimated fortune of around US$620 million and is the 533rd richest person in China. Yang even required managers to stand outside their offices each morning to greet their employees while carrying signs with their first names. Crispin Glover Net Worth Film & Theater Personalities. As of 2013, Lenovo's top 14 executives come from seven countries. His net worth more than halved, to $860 million. Yang was awarded the May Fourth Youth Medal, by the All-China Youth Federation in 1999. In 2011, Finance Asia named Yang the "Best CEO in China. The Chinese multinational technology company reported a 53% increase in its net profit for the third quarter that ended in September to $310 Million. 2015 Billionaires NET WORTH $1.25B as of 3/2/15 Yang Yuanqing is the chairman and CEO of Lenovo Group of Beijing, the world's largest maker of personal computers. New Faces On The 2013 Forbes China 400: Solid Business, Generous Image Help Lenovo's Yang Yuanqing, Lenovo Posts 23% Quarterly Profit Rise On China Handset Sales, Lenovo Shares Jump As PC Shipments Overtake HP, Lenovo Sees Explosive Tablet Growth, CEO Enthusiastic About Windows 8, Lenovo CEO Worth $740M As PC Maker's Stock Hits Five-Year High, Boss Gives $3 Million of His Bonus to His Employees. 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