Liu Chuanzhi, Entrepreneur Godfather, Has Successfully Concluded

Liu Chuanzhi has been 71 years old this year. He said he had a good ending. Maybe one day, people would say, "look, the old man playing the ball is Liu Qing's father."

Ideal but not idealized.

Reporter: you said, sometimes, you will think that "the heart of life is all there".

What are the greatest difficulties or troubles in these years?

Liu Chuanzhi: there are several things that annoy me and I don't want to do it.

For example, the so-called "red line" problem.

Because at that time it was a planned economy, computers were required to be approved, Lenovo was an enterprise outside the system, there was no foreign exchange, and it should be bought at a price of three to four times higher than that of the system.

At ordinary times (departments concerned) turn a blind eye, but it's very troublesome to check you.

Reporter: you told this story in Lenovo, too. Lenovo had to buy chips from the black market at that time.

This is also the plight of the first generation of entrepreneurs, the so-called "enterprise original sin".

Now, what do you think of this problem?

Liu Chuanzhi: the old system in China must be broken through before anyone can have today.

But the power of Chong is too large. If we go beyond too many red lines, we will be in big trouble.

So we are careful to walk along the edge of the red line and not to become a victim of reform.

Reporter: how to define the edge, where is the bottom line?

At that time, I made 5 grades with my colleagues from the import department. The most secure way from the formal channels is a star. Buying all the private goods is five stars.

We do according to the standard of three stars to ensure Lenovo's invoices are complete, and we can not control the people on the bottom.

The company's profit is less than that of the five star mode, but the risk is also small, and it does not directly violate the red line.

(entrepreneur) the mind should be calm, with a little intelligence and ideals, but not idealized.

Reporter: "ideal, but not idealized".

In your opinion, what is the difference between the two?

Liu Chuanzhi: this sentence is aimed at the system problem. I want to do China PC that can participate in the market competition. At that time, the old planned economy system was in place, it was very difficult to do.

If it is idealized, I simply don't want to be a computer.

At that time, a young colleague said that we should open a press conference to speak out our grievances.

Reporter: why is it wronged?

Liu Chuanzhi: at that time, the price bureau would calculate the hard cost of the enterprise, plus a profit of 20%, the figure calculated was the price of the commodity, without considering the human factor at all.

Our new university is angry but has to hold a press conference.

I think opening the press conference is a relief, but the business is really not going to work.

This is the conflict between idealism and idealization itself.

Idealization is a resolute struggle, but I think the more important thing is to go ahead with the original goal.

Reporter: no matter how wronged you are, you have to find a solution. Otherwise, the business will not succeed.

Liu Chuanzhi: we finally solved the problem by paying the fine.

We compromise with the system in order to advance towards ideals.

Today, too, what entrepreneurs want to make of an enterprise, you have to think it over, you can't go across it one step at a time, that will kill you.

Reporter: this case also has reference value at the moment.

Is there any skill to interact with the government?

Liu Chuanzhi: for entrepreneurs, first of all, we should clear up our goals. For this purpose, we should know what to do and what not to do.

For example, if society wants you to invest in innovative technology, you have to think about it. Technology is very important, but is the sales link that is matched behind?

Otherwise you will pass the technology, and other links will block you.

Not all technologies can be turned into productive forces.

Now BAT and Wang Jianlin are very successful. They do not rely on an illusory concept.

Optimistic about consumption and services

Reporter: compared with other investment institutions to invest in some pure Internet Co, it can be launched in a few years. The investment in holding companies is relatively heavy.

Why choose a slower path?

Liu Chuanzhi: nor was it deliberately chosen.

When we choose, we should first choose industries that are less affected by policy direction and will not fluctuate violently because of policies.

Second, the industry must have a large space for development. The state has made it very clear that we should use consumer services to stimulate the economy. In this direction, we are very optimistic about it, which is the investment theme of Legend Holdings.

Third, we hope to integrate investment and industry, covering various stages of enterprise development through diversified investment platforms, and enhance synergy among platforms.

Reporter: for example, medical treatment, holding investment in this field is mostly related to the R & D of medicine, and the direction of other organizations is different.

Liu Chuanzhi: actually, we have a proportion here.

As an angel investor, Lenovo will invest more in the so-called pure Internet services.

We invest first in the field, not in the Internet plus.

Reporter: your attitude towards Internet entrepreneurship is still very open.

Liu Chuanzhi: of course, not only does not exclude, I also think that the current technology inflection point and business mode innovation are on the Internet +.

Today, the role of the Internet is far from being played out.

For example, Alibaba was originally an attribute of e-commerce. As a result, it led to finance, Tencent is a social product, and even brings many new changes to the communications industry.

Reporter: some people think that this round of Internet entrepreneurship craze is easy to mislead young people and let people lose themselves.

What's your opinion?

Liu Chuanzhi: after all, very few people are successful.

Even so, the tide will be bigger and bigger.

So now you say that the Internet is overheating, I do not particularly understand.

As Zhou Qiren said, the Internet is a new thing, but there are some old fundamental things that can not be lost, such as the spirit of contract.

Reporter: before you told the media, this is an abnormal era.

Liu Chuanzhi: No, I didn't say that.

I have always thought that this is a good era and a golden age.

But it is not suitable for every enterprise. For example, there is a lot of wind in this age. If it is not prepared in advance, it will probably be rolled off.

The old man is Liu Qing's father.

Reporter: you have been involved in an event, saying that if the plane crashed, everyone had to write a personal evaluation.

How did you write that?

Liu Chuanzhi: I think I am very lucky to catch up with a big era. When I started my business, I was not old enough to catch up.

Second, in my whole life, I can feel the warmth of being able to achieve the goals I pursue and make the people around me sincere.

Reporter: if life can be renewed and the environment remains unchanged, what changes will you make?

Liu Chuanzhi: as the environment remains unchanged, the number of my roads will not change.

Or will continue to strive to become a private entrepreneur, only experience richer.

Reporter: Legend Holdings has invested in Shenzhou car rental. Liu Qing has made a lot of mergers and acquisitions. Liu Zhen is a senior executive in Uber China. China Digital is also cooperating with Uber. Why is Lao Liu and his people so optimistic about taxi software?

Liu Chuanzhi: This is very accidental. Liu Qing and Liu Zhen have chosen their own career. They have nothing to do with me.

From the perspective of enterprises, I should pay more attention to Shenzhou renting, which is Lenovo holding investment after all.

Everyone is rushing to the development of his career, so there is nothing.

By accident.

Reporter: do you have guidance and guidance for the two generations of Liu Qing and Liu Zhen's business?

Liu Chuanzhi: there are few specific questions about children. Basically, they are the principles of doing things for others.

When I did not understand the specific situation, I spoke less and understood more clearly, so I could say what I should do.

So most of them are talking about some books and discussing some things with macro color.

Reporter: did Liu Qing not discuss with you when he went to the drop?

Liu Chuanzhi: Yes, but I did not obstruct my support or support from outside. My wife was definitely against it.

Liu Qing had already had many people envious of life, regardless of career or economic ability is very good, life will be very balanced.

But if I give up and decide to take a more rugged road, I will ask her if she is really determined.

After all, no bitterness can be called bitterness, that is the way chosen by oneself.

Especially when the environment changes and competition is fierce, it is possible to encounter unforeseen difficulties at any time.

She thought she could do that and I wouldn't stop it.

Reporter: Liu Qing said she did not want others to regard her as Liu Chuanzhi's daughter.

Do you want others to remember you because you are Liu Qing's father?

Liu: this (I) was a joke. Someday, someone will say that this is Liu Qing's father, and that day may come sooner or later.

In the next decade or so, maybe I have been out of the woods. Liu Qing may be more and more busy. Maybe someone will say, look at the old man playing the game. He is Liu Qing's father.

I think there will be such a day.