Yang Yuanqing revealed for the first time the difficulties faced by Lenovo in the early days of going overseas: it was difficult to even recruit employees.

[ Gearbest Technology News]On October 30, the “Navigator’s Journey” 2024 Chinese Enterprises High-Quality Overseas Going Forum was grandly held at the Zhongguancun International Innovation Center. Yang Yuanqing, Chairman and CEO of Lenovo Group, attended and delivered a speech. At the conference, Yang Yuanqing revealed for the first time the difficulties of Lenovo going global in the early days.

Yang Yuanqing

As a company that has been in China’s IT industry for 40 years, Lenovo is one of the first private companies to grow with the help of reform and opening up. It is also the first Chinese company to establish an international vision and successfully realize it.

Yang Yuanqing recalled: “Back in 2000, at the beginning of the new century, I led our team to the United States and visited many high-tech companies including Microsoft, Intel, HP, and Cisco. In Pebble, California Beach Pebble Beach, we are determined to build Lenovo into a truly global company in the next ten years. In order to realize this ideal, we tried different paths, such as self-construction development, but we soon discovered that. , as a pioneer of consumer-oriented overseas brands, not only cannot it receive such strong endorsement from Chinese national brands as it does today, but We also have to bear the preconception label that people have given us for a long time, such as ‘cheap price and low quality’. Therefore, let alone impressing customers, it is difficult to even recruit employees. It is difficult to achieve without long-term resource investment and experience accumulation. . Everyone knows the following story. In 2004, we chose to officially set sail to the sea by acquiring IBM’s personal computer business. “

Yang Yuanqing reveals for the first time Lenovo’s early difficulties in going global

Looking back on the past, Yang Yuanqing said that going overseas was one of the most correct strategic decisions Lenovo has ever made. “It can even be said that without reform and opening up, without globalization, there would be no Lenovo today.”

He emphasized that the foundation for Chinese enterprises to develop and grow in the global market must be rooted in China. About 80% of Lenovo’s manufacturing, 70% of its R&D personnel, and 60% of its employees are located in its base camp in China.

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