15 business people who've changed China

To commemorate the 15th anniversary of the Chinese version of Fortune magazine, Fortune China editors revisit significant events and personalities that shaped the Chinese society and economy during the past 15 years.

Liu Chuanzhi
Chairman of Legend Holdings
Age: 67

Liu Chuanzhi founded the Lenovo Group in 1984 and transformed it into one of the world's largest PC manufacturers and one of mainland China's first members of the Fortune Global 500. Before the age of 60, he selected his own successor (Yang Yuanqing) for the Lenovo Group, which made it possible for him to focus on transforming Lenovo's parent company, Legend Group, into a holding company with businesses including consumer electronics, IT services, risk management, real estate and private equity.

In a recent discussion about Lenovo's success, Liu emphasized the importance of ownership in an enterprise. Echoing this, Yang significantly increased his stake in Lenovo Group last year, and is also planning for Legend Holdings' IPO.

--Zhou Zhanhong

By Fortune China editors @FortuneMagazine - Last updated January 12 2012: 9:09 AM ET
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