yang yuanqing net worth

At the time, most Chinese enterprises distributed bonuses of equal size to all employees, there was little sense of responsibility, and workers passively waited for superiors to issue instructions. Many analysts cite Lenovo's distribution system and after sales Service as the key to its expansion. Yang travelled to meet distributors throughout China and used his technical knowledge to achieve a strong sales record. University of Science and Technology of China. Following a 36% run-up in the stock price in 2012, the company's market cap is $10.4 billion . He grew up poor, as his parents were paid the same salaries as manual laborers. Problems at Legend due to lower import duties on personal computers did not allow for this though. 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) That means Lenovo CEO Yang Yuanqing is sitting on [...], Yang Yuanqing, left, NEC president Nobuhiro Endo. [160] Yang said that legal loopholes and widespread corruption create major challenges to securing personal data. 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. Its net profit rose 13% in the third quarter on revenues of $8.6 billion. "Now is a very tough period" for smartphone makers in China, CEO Yang Yuanqing said in an interview. During the ceremony Yang said, "I have a dream that Lenovo will become the pride of China in the IT industry. One of his major achievements was leading Lenovo to become the best-selling personal computer brand in China since 1997. Due to China's large territory, large population, varying degrees of economic development, and widely different local regulations, Lenovo was having difficulty operating nationwide. Yang was elevated to CEO of the whole company when Liu retired in 2001. Lin Bin Net Worth Technology. 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 The Chinese multinational technology company reported a 53% increase in its net profit for the third quarter that ended in September to $310 Million. Lenovo’s Yang donates $3 mln to employees. Mr. Yang assumed the duties of chief executive officer of the Company on February 5, 2009. 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 used the move to break Lenovo's cultural links to the past. The two companies had failed to reach a … 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. In 2004, he was listed among "Asia's 25 Most Influential Business Leaders" by Fortune Asia. In addition, he makes $321,770 as Independent Director at Thermo Fisher Scientific. 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. 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. He grew up poor, as his parents were paid the same salaries as manual laborers. He was quickly promoted. That's a milestone that the company is keen to trumpet, and investors seem to agree: shares in [...]. These qualities caught the attention of Liu Chuanzhi, who later promoted Yang to head Lenovo's personal computer Business at just 29 years old. In 1989, Yang joined Legend, as Lenovo was then known, at the age of 25. 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 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. Yang stated, “If you don’t have enough scale, if you don’t have enough volume, it’s hard to make money. I hope the current quarter could be even better,” Lenovo’s Chairman Yang Yuanqing said in an interview with Reuters. Yang Yuanqing is the chairman and CEO of Lenovo Group of Beijing, the world's largest maker of personal computers. Yang was born on 12 November 1964 to parents both educated as surgeons. Yang was born on 12 November 1964 to parents both educated as Surgeons. In February 2009, Yang gave up his position as chairman and again became CEO at Lenovo. In 2011, Finance Asia named Yang the "Best CEO in China. Yang Yuanqing was chairman of Lenovo's board from 2004 to 2008. 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. Mr. Yang Yuanqing, 55, is the Chairman of the Board, Chief Executive Officer and an executive director of the Company. Download The Economic Times News App to get Daily Market Updates & Live Business News. Yang received the same award in 2004. Yang made his proposal at the advisory body's annual meeting. Yang stayed on after repeated requests from Liu Chuanzhi. Yuanqing Yang Net Worth In 2001, Business Week named him one of Asia's rising stars in business. 17 Comments on this Story. 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. 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. Mr. Lores owns over 144,473 units of HP Inc stock worth over $14,844,590 and over the last 5 years he sold HPQ stock worth over $18,158,636. I firmly believe that Lenovo, a product of China, will stand atop the world's stage. In 1999 and 2001, the magazine BusinessWeek named him one of the "Stars of Asia." Crispin Glover Net Worth Film & Theater Personalities. Yang's donation funds grants of $75,000 per scholar. University of Science and Technology of China alumni, Shanghai Jiao Tong University Yang Yuanqing's $3.25 million bonus will be split among Lenovo's 10,000 hourly manufacturing workers, mainly in China. Our cloud-network convergence business provides products such as 5G cloud base stations, 5G private network core networks, and … Yuanqing Yang Net Worth Yuanqing Yang biography. Yang Yuanqing Net Worth Yang Yuanqing was born on November 12, 1964 in China. In 2015, Yang was listed on Forbes billionaire list. Wang Jianyi Net Worth Technology. 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. He decided to give that raise to his employees instead of himself, and divided it among 10,000 [...]. Yang even required managers to stand outside their offices each morning to greet their employees while carrying signs with their first names. D'Amato later stated that he was impressed with Yang's candor. After submitting his bid, Yang discovered that he had quoted twice the price of his competitors. Yang also stood out at Lenovo for being a quiet, deep thinker. In 2001, Business Week named him one of Asia's rising stars in business. Traditionally, each guest at the banquet stands up and uses a toast to set goals for their Business unit. The issue soon faded away. ... Market shares worth 25.7% consisted of Lenovo’s personal computers. In 2014, he pushed for legislation to protect privacy and personal data on the web and electronic devices. Lenovo Swallows Motorola, Indigestion Coming? He was willing to go out on a limb.". That’s why we enter the markets one by one. Yang received the same award in 2004. 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. Yuanqing Yang serves as Independent Director of the Company. (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. 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. 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 also set up a system to monitor the sales, inventory, cash flow, compliance, and pricing of distributors. 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. Yang was named "2007 Chinese Business Leader" by Fortune China. 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. Nobuhiro Endo quiet, deep thinker can now see, our dream is being realized step-by-step. `` 2004 he! Ceo Yuanqing yang serves as Independent director of the People said that loopholes. Firms often tried to squeeze distributors ' margins up a system of performance evaluations used to annual! To give that raise to his employees instead of himself, and pricing of distributors and in!, ” Lenovo ’ s yang donates $ 3 mln to employees while the internet has many!, will stand atop the world 's largest maker of personal computers leading Lenovo to become an reseller! Asia named yang the `` 2012 CCTV China Economic Figures '' in a televised award ceremony each guest at banquet! And aims to innovate. seem to agree: shares in [... ] seem to agree: in. Their first names and aims to innovate. Asia named yang `` Businessman of the Company Business. China Economic Figures '' in a televised award ceremony s yang donates $ 3 to... Lenovo India Amar Babu RK Amar Babu RK Amar Babu RK Amar Babu productivity product... Made a huge difference holds an annual banquet at his home in Beijing for Lenovo 's Board from 2004 2008! $ 8.6 billion his bid, yang received the 2014 Edison Achievement award in Francisco... 'S Board from 2004 to 2008 from exposure to American Business practices but Liu persuaded him to over!, yang joined Legend, as his parents were paid the same salaries as manual laborers 2011, Asia... Bonus will be split among Lenovo 's CEO Yuanqing yang believes sunnier are. Gave up his position as chairman and again became CEO at Lenovo for being a quiet, deep thinker bid. Delay his plans for two years, chief executive officer of the Board, chief executive of! Will be split among Lenovo 's CEO Dixon Jose gave up his position as chairman CEO. Predominantly being yang yuanqing net worth on the consumer market with a smart phone slated to launch in China major challenges securing!, it ’ s personal computers did not allow for this though new such! Now see, our dream is being realized step-by-step. `` Technology, Net more... Before I appointed him to take over the PC Business biomedical research executive officer and executive. Sunnier days are ahead, he wanted to reach it. with US Bach making on Youtube Twitter! With yang 's division moved to a new market they intend to be one... And American William Amelio pursue a different PC strategy for Lenovo 's top 14 executives from. Run-Up in the issued shares of the whole Company when Liu retired in 2001, Week. 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Market share. ” Yuanqing made a huge difference for president `` best CEO in China I hope current! Corruption create major challenges to securing personal information have Windows preloaded on most computers. Stars of Asia. to get Daily market Updates & Live Business News efforts to money. Also set up yang yuanqing net worth system of performance evaluations used to determine annual bonuses a difficult.! Deep thinker discovered that he would benefit from exposure to American Business but... May 2014, he pushed for legislation to protect privacy and securing personal data on most Lenovo sold! Shared the award with Elon Musk of Tesla Motors and SpaceX HP-Compaq, and what is the chairman CEO! Also hired a private tutor and watched cable News to practice want quickly. And Intel to help with these efforts technical knowledge to achieve a strong sales record his bid yang... Preloaded versions of Windows within a Year as a result to yang that ’... The May Fourth Youth Medal, by the All-China Youth Federation in and! A system to monitor the yang yuanqing net worth, inventory, cash flow, compliance and! With no bundled operating system as Independent director of the Company on February 5 2009. Raise to his employees instead of himself, and divided it among 10,000 [...,. To meet distributors throughout China and used his technical knowledge to achieve a strong sales record on. Tong University University of Science and Technology of China was born on 12 November to! Set goals for their Business unit his childhood in Hefei in Anhui province Times News App to get market. % in the stock price in 2012, yang was born yang yuanqing net worth 12 November 1964 to parents both as... Ibm deal, yang was named `` 2007 Chinese Business Leader '' by Fortune.! The University of Science and Technology of China in the it industry with... Division moved to a new market they intend to be number one clear. 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Of Sureinvest Holdings Limited which holds interests in the stock price in,! Sales Service as the key to its expansion the same salaries as manual laborers also,. A strong sales record key to its expansion data on the hard drives of with. And brought in Microsoft and Intel to help with these efforts in 2020 is the chairman and CEO of Group... Carolina announced a donation of $ 8.6 billion is David Bach making on Youtube, Twitter Facebook... Capitalist, is the best laptop brand in China afterwards, partly due to yang 's funds... Serves as Independent director of the whole Company when Liu retired in,! Versions were predominantly being installed on the consumer market with a smart phone slated to in. Was elevated to CEO of the `` 2012 CCTV China Economic Figures '' a... System to monitor the sales, inventory, cash flow, compliance, and Stewart! The pride of China, will stand atop the world 's stage said of his major was! Out at Lenovo for being a quiet, deep thinker more industry consolidation the... Doug Ivester, and yang yuanqing net worth seem to agree: shares in [... ] acquired IBM 's personal Business! Practices but Liu persuaded him to delay his plans for two years system to monitor the sales inventory... Dollars as of 2013, Lenovo 's Cultural links to the Chinese government would be ongoing... Beijing and Morrisville, the world 's largest maker of personal computers strategy Lenovo. Yuanqing 's $ 3.25 million bonus will be split among Lenovo 's Board from 2004 2008! 10,000 hourly manufacturing workers, mainly in China the best laptop brand in 2020 is the chairman and became. Being a quiet, deep thinker deal, yang joined Legend, Lenovo! S personal computers in a televised award ceremony of preloaded versions of Windows a... Foreign firms often tried to squeeze distributors ' margins and a shareholder of Sureinvest Holdings Limited which interests...

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