What did Liu Chuanzhi say in Yang Lan's interview?

Liu Chuanzhi: Another Lenovo about him

When the computers on American desks appeared &; Lenovo's words; When Lenovo appears in families in Europe, Africa and Oceania, it is undoubtedly accompanied by Liu Chuanzhi's association. He used a kind of China wisdom to let the world slowly accept Lenovo and this national computer brand from China.

Yanglan impression

In the past, when we mentioned China's wisdom, the images that came to mind were often immortal, unfathomable, detached and unmoved. Today, Liu Chuanzhi is still tempted, not only for his own business, but also for the future of China.

As Liu Chuanzhi slowly withdrew from the enterprise he fought for, he also established another investment empire, and the layout of the transition from entrepreneur to investor was completed long before he abdicated. He once again appeared in front of the world as an oriental investment giant, and what remains unchanged on him is the brand of Lenovo.

A computer chip records a lot of information, and the chip behind me records the changes that have taken place in an enterprise. In today's era, change is a key word whether you like it or not. Some people want to escape change; Some people adapt to change; Others lead the change. A few years ago, when Liu Chuanzhi was the chairman of Lenovo Group, I interviewed him. Today, as the chairman of Legend Holdings, we have another chance to have a long talk with him.

So what happened to Liu Chuanzhi?

Yang Lan: Miss Liu, it's been about six or seven years. When Interview with Yang Lan revisited You, I felt a little darker and thinner than then. This probably has something to do with playing ball, right?

Liu Chuanzhi: Yes.

Yang Lan: Do you live more leisurely now?

Liu Chuanzhi: Compared with that time, I am much more relaxed and have more time to do some relaxing things.

Yang Lan: But I heard that your golf skills are not very good?

Liu Chuanzhi: Yes, this is a very painful thing. I am happy when people say I am black and thin, but I must tell you at once that my level has not improved.

Yang Lan: Do you think your state is in a state of retreat or a state of semi-retreat and semi-advancement compared with previous years?

Liu Chuanzhi: Not entirely a retreat mentality. It should be said that it is still part of the refund. In 2000 and 200 1 year, it was me. Actually, I basically retired from manufacturing and computer fields. After I retired, I actually entered a new field and entered a new field. In fact, this is also a way to be responsible to shareholders, because at first, Lenovo Group was split into Lenovo and Digital China. Both of them are IT companies, which are generally risky, that is to say, from the perspective of shareholders, the investment risk is relatively high.

Yang Lan: Is it concentrated in one industry?

Liu Chuanzhi: In addition to its impact on shareholders, this risk actually has an impact on the development of both companies. For example, like these two companies, when they sometimes need to do something with radical risks, I will be especially careful, otherwise it will inhibit their development. In this case, I think we actually have the ability and conditions to enter new fields, so we have carefully studied what necessary conditions are needed in this diversified field, such as organizational structure. What should it be like? What should people be like? Is there enough capital? When these conditions are thoroughly studied, I will say from the perspective of holding that there are several new subsidiaries now, aren't there five now? I hold shares again, which is equivalent to the shareholders' feet. I made such a business an investment and then gave it to those companies. I feel that it will take some time to do this business well and stabilize it in that step. I have been doing it for about six or seven years now, and I estimate that it will be stable for three or four years, and then I will take a step back from one position, so these things. I think when I retired from manufacturing, a very important factor was that I felt that my abilities, including physical strength, could not compete in the IT industry, that is, in the first line.

Yang Lan: But at that time, I realized such a transformation from an entrepreneur to an investor. What is the bottomless part of my heart? Because I remember there were a lot of comments on this matter at that time, and there was a wait-and-see tone and even a little sarcasm. In other words, if you think an industry is bigger, you think you can do anything. Is this beginning to blindly diversify investment? You started by selling personal computers. Wait, there were some rumors. What do you think of your evaluation at that time?

Liu Chuanzhi: I dare not say that I wanted to be a comprehensive investor at that time. I just said that I am in the field of venture capital. At that time, I did some research. In the field of venture capital, it is the same as investing in PC and (×××× fund) later. He has four important links: one is financing, where to get funds; The second is the option, which project to vote for; The third is to help, and the fourth is to quit.

Financing and withdrawal belong to the pure financial field, while options and help themselves should refer to things that people with a certain corporate background can do. At that time, I analyzed it, because it is precisely these two most important and difficult links that we have mastered. Although I have never invested or invested before, we have been invested. We've seen how people sell it, but we haven't eaten pork or seen pigs run away. So from this point of view, I don't think that place is too difficult, so coupled with my confidence in the person in charge at that time (Zhu Linan), I think he is a very typical learning person, that is, he can quickly master the rhythm and specific practices here, so I was actually very confident at that time. I know there will be some arguments outside, but I believe it will succeed in the end. So the risk is not great. The other is that I was going to use $35 million, which is my own money, that is, Legend Holdings' own money. One doesn't have much money, and the other has no reputation risk. I didn't use other people's money. This investment is nothing but tuition. This should be within the budget, so I have a bottom when I think about it.

Yang Lan: What do you think is a beautiful case in the field of venture capital?

Liu Chuanzhi: We have done several beautiful things, one is about software outsourcing, the other is specialized in Japan, and the other is specialized in Europe and America. Both of them are very successful, which is because many of them have doubled since we voted for them. This uses the report, and the enterprise itself has changed from a small and medium-sized enterprise to a fairly large-scale enterprise.