Will the monkey play havoc with China's tech gurus?
0 Comment(s)
Print
E-mail China Daily, February 4, 2016
 |
|
Liu Chuanzhi, chairman of the Board of Legend Holdings Corporation. [Photo/Xinhua] |
Many Chinese technology heavyweights, including Legend Holdings Corp Chairman Liu Chuanzhi, Huawei Technologies Co Ltd founder Ren Zhengfei and Baidu Inc CEO Robin Li, are all "monkey men". When they enter their "year of fate" after a 12 year interval, will they wear a piece of red cloth for good luck? Or are problems inevitable in their business?
Liu is the country's tech guru. He founded Lenovo Group Ltd, the world's largest personal computer maker, from the scratch in the 1980s. Born in 1944, the year of the Wood Monkey according to its elemental sign, he will turn 72 this April.
He now controls Legend Holdings, Lenovo's major shareholder. Legend's investments are in the information technology, agriculture and healthcare sectors, which are likely to provide stable long-term returns. The biggest risk lies in Liu's most valuable asset: Lenovo.
The hardware maker is undergoing a critical transition as the global PC market shows no sign of recovery. It is attempting to explore new businesses including consumer electronics, servers and even cloud computing for higher margins but will meet great headwinds in 2016. It bought Motorola Mobility from Google Inc for $2.9 billion in a bid to revive the smartphone business, but Motorola kept bleeding money.
I see 2016 as the most difficult year since Lenovo became No 1 in the PC market. If it can achieve success in its mobile operations, it will stand tall for many years; if it fails, the company will only be remembered as the last dinosaur of the PC era to drop dead.
Go to Forum >>0 Comment(s)