Yang, a 43-year old entrepreneur and venture capitalist, is admittedly a long-shot candidate for President. Yang shared the award with Elon Musk of Tesla Motors and SpaceX. Shares rose 2.6% to HK$7.76 [...], Lenovo CEO Yang Yuanqing is in pole position in global PC shipments (Image credit: AFP/Getty Images via @daylife) China's Lenovo passed Hewlett-Packard in the second quarter of 2013 as the world's number-one PC supplier. Yang also hired a private tutor and watched cable news to practice. Yang's parents endured repeated persecution during the Cultural Revolution. Yang Yuanqing, CEO of Lenovo Group, takes an interview at a production base in Wuhan in central China's Hubei province Thursday Dec. 19, 2013. 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. Our cloud-network convergence business provides products such as 5G cloud base stations, 5G private network core networks, and … 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. The company has dual headquarters in Beijing and Morrisville, the former home of IBM's personal computer Business. In October 2015, the University of North Carolina announced a donation of $1 million from Yang Yuanqing to fund biomedical research. Or, David Bach's net worth in US Dollar Jan, 2021? [160] Mr. Yang Yuanqing, 55, is the Chairman of the Board, Chief Executive Officer and an executive director of the Company. He was quickly promoted. Yang decided on Lenovo implementing specific job descriptions with clear responsibilities and a system of performance evaluations used to determine annual bonuses. Mr. Yang Yuanqing, 55, is the Chairman of the Board, Chief Executive Officer and an executive director of the Company. Mr. Yang assumed the duties of chief executive officer of the Company on February 5, 2009. Past winners include Steve Jobs, Ted Turner, Doug Ivester, and Martha Stewart. In 2004, he was listed among "Asia's 25 Most Influential Business Leaders" by Fortune Asia. Traditionally, each guest at the banquet stands up and uses a toast to set goals for their Business unit. Steve Ballmer said, "Yuanqing made a huge difference. I firmly believe that Lenovo, a product of China, will stand atop the world's stage. Yang said that legal loopholes and widespread corruption create major challenges to securing personal data. 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. 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 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. The Chinese multinational technology company reported a 53% increase in its net profit for the third quarter that ended in September to $310 Million. Yang Yuanqing is the chairman and chief executive officer of Lenovo. To gain confidence among distributors, Lenovo provided a wide range of products, offered reasonable prices, and closely supervised the marketing of its products to look out for the interests of distributors. FREE Background Report. In 2001, Business Week named him one of Asia's rising stars in business. Lenovo Swallows Motorola, Indigestion Coming? For the quarter ending June 30, Lenovo’s profits rose by 18% from [...], Lenovo CEO Yang Yuanqing has every reason to smile (Image credit: AFP/Getty Images via @daylife) Lenovo, the world's largest PC maker, has topped market expectations with a 23% jump in net profit to $174 million in the quarter ending Jun 30 on revenues of $8.8 billion. Download The Economic Times News App to get Daily Market Updates & Live Business News. Yang Yuanqing is the chairman and CEO of Lenovo Group of Beijing, the world's largest maker of personal computers. © 2021 Forbes Media LLC. During the ceremony Yang said, "I have a dream that Lenovo will become the pride of China in the IT industry. 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. Qi Xiangdong Net Worth Technology. But for the CEO of Lenovo, Yang Yuanqing, that wasn’t a difficult task. These versions were predominantly being installed on the hard drives of computers with no bundled operating system. Lin Bin Net Worth Technology. He spent his childhood in Hefei in Anhui province. The issue soon faded away. 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. Mr. Yuanqing Yang Net Worth Yuanqing Yang biography. Yang holds an annual banquet at his home in Beijing for Lenovo's top executives. Microsoft tripled its sales of preloaded versions of Windows within a year as a result. He grew up poor, as his parents were paid the same salaries as manual laborers. We trusted him.". 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) Lenovo’s Yang donates $3 mln to employees. Many analysts cite Lenovo's distribution system and after sales Service as the key to its expansion. 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. Lenovo's CEO Yuanqing Yang believes sunnier days are ahead. The estimated Net Worth of Dion J Weisler is at least $258 Million dollars as of 7 December 2019. Yang has created a "performance culture" instead of the traditional Chinese work style of "waiting to see what the Emperor wants." Yang Yuanqing was born on November 12, 1964 in China. 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. 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. Yang Yuanqing is the chairman and CEO of Lenovo Group of Beijing, the world's largest maker of personal computers. Yang Yuanqing's $3.25 million bonus will be split among Lenovo's 10,000 hourly manufacturing workers, mainly in China. 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