Hello and welcome to this program. Today we're talking about Lenovo. In our view, Lenovo's
biggest fault is not the high salaries of its executives or the debt it owes to its
$180 billion or so dealers; It's not that 14 out of 27 executives are American; It is
not suspected of endangering information security, but the PC market share in China is as high
as 42%, but there is no domestic operating system ecology.
Lenovo's PC. Lenovo's profit model is based on buying COMPUTER chips in the United States,
assembling them, and selling them to the global market, mainly China. In lenovo's PC business,
the hardware is sourced from the United States, where the bulk of the software, the operating
system, is also sourced from Microsoft's Operating system. Here comes the question, hardware
+ core operating system are all from the United States, lenovo what else?
Over the years, in fact, some domestic companies have been trying to develop our own operating
system, such as Shendou, Bid-Winning Kirin, etc., which have done a good job, but the
scale is still relatively small, unable to dominate the overall situation. Although these
domestic operating systems are also based on the open source Linux system, at least
the code is open, safe and reliable, and can reduce the dependence on the Microsoft ecosystem.
But the domestic operating system promotion effect is general, this is why? Let me give
you an important reason. Operating system belongs to the bottom software,
users install your home operating system, in fact, largely depends on the user, but
depends on the computer supplier. Only the computer vendor can decide whether the primary
operating system on the hardware is Windows or Linux. Lenovo's close alliance with Microsoft
means it is unlikely to support a homegrown operating system. In this process, Lenovo
actually committed the same problem as 5G qualcomm: not to the overall situation of
the country, only concerned about their own interests.
Recently, it was revealed that 14 of Lenovo's 27 executives are foreign nationals, lenovo's
5G voting scandal, and lenovo executive Huang Weiming's remarks that he could move production
lines out of China during the TRADE war between China and the United States have completely
destroyed lenovo's reputation on the Internet. Is Lenovo a real business? American companies?
Lenovo has been the subject of controversy. And yet, right on the cusp. The omnipotent
net friends pulled out the big news that Lenovo, holding high the banner of national enterprise,
had donated computers to the US army for many times and provided technical assistance to
the US military organization. In 2013 and 2014, Lenovo donated computer
equipment to the US military and their children, according to the disclosure on lenovo's US
website. At the same time, lenovo also became the technical
partner of the United States USO organization, and established cooperation with many organizations
of the United States military. It was mentioned that hundreds of Lenovo employees also provided
technical services for the United States military cooperation organizations for many times.
To my surprise, Lenovo was originally founded by the Chinese Academy of Sciences and became
a private enterprise after a magical restructuring in 2009. Liu Chuanzhi took charge of Lenovo
and started its internationalization with great strides and moved its headquarters to
the United States. More encouragingly, lenovo was already linked
to the US military back in 2014. And for the US army free donation of computers to provide
services, so good news, so good news for the nation, I do not know why Lenovo did not in
the domestic propaganda? Or like Didi to go public in the United States as low-key to
no sound. However, while making great strides toward
internationalization and becoming the technical service provider of the American military
organization, Lenovo still acts as a national enterprise in China and has obtained a large
number of government orders. Although Liu Chuanzhi shouted at the beginning
of the lenovo defense, said lenovo is not a traitor enterprise, and will die to win
lenovo's battle of honor. However, a series of performance of Lenovo
in recent years shows that whether it is China and the US launching chip war against us,
Lenovo executive Yang Yuanqing publicly said that Lenovo would not be sanctioned by the
US if it did not make chips, or lenovo executive's defector remarks that Lenovo would move its
production line out of China if the US raised tariffs. Or maybe Yang yuanqing, in the name
of technology without borders, justifies Lenovo's turning away from the voting door. It shows
that today's associations are no longer aligned with us.
I wonder if Lenovo, which has close cooperation with the US military, and lenovo's CHIEF technology
officer and financial officer are all foreign nationals, and 14 of its 27 senior officials
are foreigners. From the perspective of technology security, can Lenovo still be the object of
our government procurement? Who will guarantee the technology security?
Lenovo started out as a government-owned enterprise, or soE, but was later privatised. In the usual
sense. Lenovo is a national enterprise, but the actual situation makes people suspicious.
Lenovo was founded in November 1984 by the Institute of Computing Technology, Chinese
Academy of Sciences, and renamed as "Beijing Lenovo Computer New Technology Development
Company" in 1991. In 1998, the company changed its name again to "Legend Group Holding Company",
and in 2001 it changed its name again to "Legend Holdings Limited". In 2013, Legend Began to
carry out shareholding reform; In 2014, the company was formally restructured into a joint
stock limited company, and the company name became "Legend Holding Co., LTD.", and the
shares of CAS decreased from 65% to 36%. In 2015, Legend Was listed in Hong Kong, at which
time the shares held by CAS (Sinocorp) decreased to 29.1%. Liu Chuanzhi holds 20% directly
and indirectly, becoming lenovo's largest natural person shareholder.
Before, Lenovo CEO Yang Yuanqing once said in a foreign program that Lenovo is a global
company, not a Chinese company. Although he revised it later and said that Lenovo is a
global company rooted in China, it may have been a mistake of tongue, but it attracted
a lot of jokes and scolding from netizens. According to insider information, Liu Chuanzhi,
founder of Lenovo, still got an annual salary of more than 70 million yuan through Lenovo's
listed company in Hong Kong in 2020 after his retirement, which means that Liu Chuanzhi
almost got an annual salary of 100 million yuan after two years of retirement. After
lenovo group also refuted rumors, said the news is not true.
Originally everyone on Lenovo's storm has slowly tended to calm down, but sima Nan's
video pushed Lenovo back to the hot, some time ago Sima Nan picked out lenovo 27 executives,
14 foreigners, vice president and chief technology officer Yang Rui is the United States, chief
financial officer Huang Weiming is British! Technology and finance are foreigners, think
people fear. The recent videos are about a series of issues,
such as why Lenovo sold state-owned assets at a low price, why senior executives get
high salaries, why retirees get high salaries, why Lenovo is insolvent, why The Chinese Academy
of Sciences lost its controlling interest in Lenovo, why Yang Yuanqing's personal equity
is more than that of the Chinese Academy of Sciences, and why half of the senior executives
of Lenovo are foreigners. Once again, lenovo is in the spotlight. Lenovo was criticized
everywhere on the Internet, and the "boycott lenovo" frenzy swept in.
First of all, Sima Nan can question lenovo, of course, the answer is affirmative. Everyone
in the society has the right to pay attention to and supervise, which is the right granted
to citizens by the Constitution. Both Sima Nan and ordinary people have the right to
express their opinions on a certain social issue within the legal framework. There are
voices on the Internet, pointing out that Sima nan has a rhythm, which is confusing
the public. Moreover, the evidence presented by Sima Nan is all publicly released information
or directly lenovo's own annual report data, how to confuse the public? This is clearly
untenable. Second, Lenovo Group can be questioned? There
is a strange argument on the Internet that Lenovo used to be the light of the nation,
the representative of national enterprises, has made significant contributions to the
country, and can not easily deny a company. This is also very strange, let alone lenovo
is not a national enterprise, whether can represent the national enterprise, even so
can not be questioned? History and reality would need to separate, glorious history is,
of course, we respect, in reality, if really do bad, of course, enterprises, individuals,
and the supervision is not negative, just exercise supervision put forward his own opinion,
this is should belong to two questions that cannot be confused.
Third, what about lenovo's high debt, low investment in innovation, high number of foreign
executives and excessive compensation? In fact, these issues are nothing if true, lenovo
is a joint-stock enterprise, as long as it is decision through the procedure prescribed
by the company's articles of association, all belong to enterprise management autonomy,
even lenovo shares shareholders can do is no longer hold, with stock position, is again
a little bit serious influence enterprise image, and even affect the corporate profits,
this is all legal category, The people's doubts also stay at the level of public opinion.
Fourth, Sima Nan's most fatal question is the loss of state-owned assets! This is a
legal issue, not whether Lenovo wants to respond to the issue, but must make a clear response
to the issue. For enterprise autonomy, there may be many explanations of space, can even
let outsiders speechless, after all, it belongs to internal control information, for these
companies certainly holds the biggest voice, but involves the loss of state-owned assets
can't taken for granted, I'm afraid that is the key to lenovo has no positive response,
the damage is too big. Fifth, lenovo's ability of crisis management
is really unflattering. This matter has been fermented on the Internet, it is still not
a matter of both parties, the whole network is paying attention to, Lenovo can be generous
to make a public response, can also come forward to communicate with Sima Nan, at least shows
that Lenovo's attitude is positive, not taboo. Such a big international company should arrange
the company secretary SMS invitation sima Nan, Liu Chuanzhi and Yang Yuanqing are avoided,
this is not a sincere attitude, the content of the message was sima Nan screenshots published,
the impact is not big, and lenovo scheme in the third? Ah! It is really too low, it is
hard to imagine that this is the result of lenovo's senior research, which also reflects
the company's mentality from another side. Sixth, because lenovo's attitude is known
to the public, what is the truth of the matter? In fact, although the majority of Lenovo executives
are foreigners, the company is still controlled by China. Therefore, there is no need to worry.
Although Lenovo's market share in China is not very good, it is still excellent in global
business. It can only be said that the development strategy of each enterprise is different,
and the market layout will be different, so it is normal that everyone cannot understand.
You are welcome to post your thoughts. That's all for this episode, thanks for watching,
and we'll see you next time!