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FOUNDER OF LEGEND.doc
FOUNDER OF LEGEND Liu Chuanzhi, founder and Chairman of Legend Holdings Corp., parent company of the world’s largest PC maker Lenovo, struck the gong at the listing ceremony of the former company at the Hong Kong Stock Exchange in late June. Liu, 71, began to learn IT-related knowledge during his study at Xidian University in Xi’an from 1961 to 1966. He then worked with the Commission of Science, Technology and Industry for National Defense and the Chinese Academy of Sciences for several years before founding the Beijing-based Legend Holdings in 1984. In 2004, Lenovo purchased IBM’s PC business, marking a major step to becoming a global IT giant. Liu said Legend Holdings aspires to become a globally respected, trusted and influential company that builds leaders across various industries. He confirmed that the company will adhere to its “strategic investments plus financial investments” business model by continuing to invest in industries with high growth potential. Cruising Toward Success Oriental Outlook July 9 It is only since the 1970s that cruise ships, which used to be a popular medium for transporting mail contents via the sea prior to World War II, started to be transformed into vessels offering sightseeing tours and lavish services. Many Chinese have derived their impression of cruise ships from the 1997 Hollywood blockbuster Titanic. Besides the tragic love story, many Chinese moviegoers were impressed by the luxuriousness of the ship’s environs. The Chinese cruise ship market started to develop in 2006 when Italy-based Costa Cruises brought its vessels to China and introduced the first cruise ship route departing from the country. Since then, several internationally renowned cruise ship companies such as Royal Caribbean Cruises, Princess Cruises and Star Cruises have entered the Chinese market. According to the China Cruise and Yacht Industry Association, the number of tourists, mostly Chinese, departing from and arriving
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