Yang Yuanqing

Quick Facts

Full Name	Yang Yuanqing
Occupation	Entrepreneur
Date Of Birth	Nov 12, 1964(1964-11-12)
Age	60
Birthplace	Hefei
Country	China
Birth City	Anhui
Horoscope	Scorpio

Yang Yuanqing Biography

Yang Yuanqing is one of the most popular and richest Entrepreneur who was born on November 12, 1964 in Hefei, Anhui, China. Yang was born 12 November 1964 to parents who were both surgeons. He spent his childhood in Hefei in Anhui province. His parents paid the same wages as manual laborers, so he grew up in poverty. Yang’s parents were subject to repeated persecution during Cultural Revolution. Yang Furong was Yang’s father. He was a strict man who held himself to high standards. Yang said that Yang’s father Yang Furong was a disciplined man with strict standards.

Yang, then 25, joined Legend in 1989 at the age 25. He was promoted quickly. Yang traveled to China to meet distributors and utilized his technical skills to build a strong sales record. Yang was also a quiet and deep thinker, which made him stand out at Lenovo. These qualities attracted Liu Chuanzhi’s attention, who promoted Yang to the head of Lenovo’s personal computers business at only 29 years old. When Liu retired in 2001, Yang was promoted to the position of CEO for the entire company. Yang was described by Liu as “a man who moves forward and takes risks, and aims for innovation.” Liu said that he had been watching Yang for a while before he was appointed to run the PC business. He was clear-minded, had clear goals and was straightforward. We trusted him.”

Yang decided on Lenovo implementing specific job descriptions with clear responsibilities and a system of performance evaluations used to determine annual bonuses. 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. 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. Yang even required managers to stand outside their offices each morning to greet their employees while carrying signs with their first names. Yang’s division moved to a new building in 1997. He used the move to break Lenovo’s cultural links to the past. 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.

Yang was awarded the May Fourth Youth Medal, by the All-China Youth Federation in 1999. In 1999 and 2001, the magazine BusinessWeek named him one of the “Stars of Asia.” In 2004, he was listed among “Asia’s 25 Most Influential Business Leaders” by Fortune Asia. Yang was named “2007 Chinese Business Leader” by Fortune China. In 2008, Forbes Asia named Yang “Businessman of the Year.” In 2011, Finance Asia named Yang the “Best CEO in China.”

Yang’s first task at Lenovo was to create a bid for IBM reseller status. Yang found out that his bid was twice as expensive than his competitors after he submitted it. Yang quit sales within a year after joining Lenovo in 1988 and took the TOEFL to prepare for studying abroad. Yang refused to leave despite repeated requests by Liu Chuanzhi. Yang believed that exposure to American business practices would be beneficial to him, but Liu convinced him to postpone his plans for two more years. Legend was unable to meet the lower import duties for personal computers because of problems at Legend.

Yang Yuanqing Net Worth

Yang Yuanqing is one of the richest Entrepreneur from China. According to our analysis, Wikipedia, Forbes & Business Insider, Yang Yuanqing 's net worth $5 Million. (Last Update: December 11, 2023)

Yang Yuanqing, simplified Chinese: Yang Yuan Qing; traditional Chinese: Yang Yuan Qing; pinyin : Yang Yuanqing is a Chinese businessman and the current chairman of Lenovo. He was born on 12 November 1964. According to the 2013 China Rich List by Hurun Report, he was valued at approximately US$620 million. He is also the 533rd wealthiest person in China.

Yang’s parents wanted him to go into medicine. Yang also had an interest in literature. A family friend, who was a professor at a university, advised Yang to study computer science. Yang received a computer science undergraduate degree from Shanghai Jiaotong University, and a master’s degree at the University of Science and Technology of China.

After addressing human resources issues, Yang moved on to distribution. Due to China’s large territory, large population, varying degrees of economic development, and widely different local regulations, Lenovo was having difficulty operating nationwide. 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. This action resulted in Lenovo cutting its sales staff from over 100 to just 18 in 1994. 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. In contrast to Lenovo, foreign firms often tried to squeeze distributors’ margins. Yang ensured proper training of distributors and brought in Microsoft and Intel to help with these efforts. Yang also set up a system to monitor the sales, inventory, cash flow, compliance, and pricing of distributors. Many analysts cite Lenovo’s distribution system and after sales service as the key to its expansion.

Height, Weight & Body Measurements

Yang Yuanqing height Not available right now. Yang weight Not Known & body measurements will update soon.

Who is Yang Yuanqing Dating?

According to our records, Yang Yuanqing is possibily single & has not been previously engaged. As of December 1, 2023, Yang Yuanqing’s is not dating anyone.

Relationships Record : We have no records of past relationships for Yang Yuanqing. You may help us to build the dating records for Yang Yuanqing!

In December 2012, Yang was named one of the “2012 CCTV China Economic Figures” in a televised award ceremony. Yang received the same award in 2004. During the ceremony Yang said, “I have a dream that Lenovo will become the pride of China in the IT industry. Lenovo is my life’s struggle and career, I have invested all of my energy into it. I firmly believe that Lenovo, a product of China, will stand atop the world’s stage. As you can now see, our dream is being realized step-by-step.”

Facts & Trivia

Yang Ranked on the list of most popular Entrepreneur. Also ranked in the elit list of famous people born in China. Yang Yuanqing celebrates birthday on November 12 of every year.

In 2012, Yang received a $3 million bonus as a reward for record profits, which he then redistributed to about 10,000 of Lenovo’s employees. According to Lenovo spokesman, Jeffrey Shafer, Yang felt that it would be the right thing to, “redirect [the money] to the employees as a real tangible gesture for what they done.” The bonuses were mostly distributed among staff working in positions such as production and reception who received an average of 2,000 yuan or about US$314. This amount of money was almost equivalent to a month’s pay for the typical Lenovo worker in China. Yang contributed another $3.25 million bonus to 10,000 Lenovo employees in 2013. Employees in 20 countries benefited from Yang’s gift. 85% of recipients were in mainland China. As in 2013, these workers were typically hourly production staff.