Liu Yingjian [news.xinmin.cn]
Liu Yingjian is an outstanding entrepreneur as well as a scientist. He entered the electronic paper book market ahead of Steve Jobs. Hanvon Technology Co Ltd (002362) listed in March 2010 and was the first e-book stock in China. However, it lost 48 million yuan (US$ 7.6 million) in the first quarter of 2011 due to failure to compete with the Ipad. After the price of the Ipad and electronic paper displays dropped after Hanvon purchased a large amount of electronic paper displays, Liu took a huge loss. Besides, as senior managers cashed their shares, the share price has fallen to 20 yuan (US$3.2) a share from 175 yuan (US$28).