A Tale of Two Companies
February 5, 2016
By Professor Cong Cao, School of Contemporary Chinese Studies, University of Nottingham Ningbo. In 1984, Liu Chuanzhi, along with ten colleagues, started a computer-related business in Beijing with borrowed RMB300,000 (or $25,000). The company, “New Technology Company of the Institute of Computing Technology of the Chinese Academy of Sciences,” was the predecessor of Lenovo.
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