Yang Yuanqing is the chairman and CEO of Lenovo Group of Beijing, the world's largest maker of personal computers. Yang also set up a system to monitor the sales, inventory, cash flow, compliance, and pricing of distributors. These versions were predominantly being installed on the hard drives of computers with no bundled operating system. Lenovo defies market doldrums with 64pc rise in quarterly net profit. During the ceremony Yang said, "I have a dream that Lenovo will become the pride of China in the IT industry. The issue soon faded away. Yang has said that when Lenovo enters a new market they intend to be number one. 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. 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 Yuanqing's $3.25 million bonus will be split among Lenovo's 10,000 hourly manufacturing workers, mainly in China. 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. Lenovo India Amar Babu RK Amar Babu productivity promotions product endorsements Wholesale price index net worth Yang Yuanqing. 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) Yang also stood out at Lenovo for being a quiet, deep thinker. Yang was elevated to CEO of the whole company when Liu retired in 2001. 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. He spent his childhood in Hefei in Anhui province. 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. He used the move to break Lenovo's cultural links to the past. 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. He is also a director and a shareholder of Sureinvest Holdings Limited which holds interests in the issued shares of the Company. Lin Bin Net Worth Technology. I firmly believe that Lenovo, a product of China, will stand atop the world's stage. As you can now see, our dream is being realized step-by-step.". Yang Yuanqing's $3.25 million bonus will be split among Lenovo's 10,000 hourly manufacturing workers, mainly in China. The two companies had failed to reach a … Mr. Yang is currently the chairman and chief executive officer of Lenovo Group Limited, a Hong Kong-listed company, a director of Sureinvest Holdings Limited and Taikang Insurance Group. July 23, 2012. In 2008, Forbes Asia named Yang "Businessman of the Year." Yang said that while the internet has brought many advances it also brings new challenges such as protecting privacy and securing personal information. As you can now see, our dream is being realized step-by-step.". 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. Yang believed that he would benefit from exposure to American Business practices but Liu persuaded him to delay his plans for two years. Yang also sent many Lenovo executives to the US for long postings. Yang travelled to meet distributors throughout China and used his technical knowledge to achieve a strong sales record. 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 … 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. Jimmy John Liautaud Net Worth Restaurateurs. 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. Last updated: 1 October 2020 at 11:00am EST. © 2021 Forbes Media LLC. Each employee will receive a bonus of roughly $300. Lenovo Swallows Motorola, Indigestion Coming? ", In December 2012, Yang was named one of the "2012 CCTV China Economic Figures" in a televised award ceremony. In 2015, Yang was listed on Forbes billionaire list. Yang Yuanqing Net Worth Yang Yuanqing was born on November 12, 1964 in China. 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. Yang made his proposal at the advisory body's annual meeting. 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. Today, Lenovo, based in China, is the world’s largest personal computer vendor.Born to a couple of surgeons, Yang lived a life of poverty as his parents were heavily underpaid in the cultural revolution-era of the 60’s. Board, chief executive officer of the `` stars of Asia. the! Of 25 persuaded him to delay his plans for two years addressing human resources,... 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