THREE years ago one of the many companies started by Liu Chuanzhi, the chairman of Legend Holdings, held its annual meeting in a city in the Chinese interior. As is usual, the conglomerate invited various officials to the opening banquet. But when people went to pay their respects to the most important figures in the room, it was Mr Liu, rather than the local Communist Party chief, who had the biggest queue of people wanting to speak to him.
That is because Mr Liu is the leading light of Chinese entrepreneurial capitalism. Legend is best known for spawning Lenovo, now the world’s biggest maker of personal computers, in which it still holds a big stake. But Legend has a range of other business interests, from agriculture to car hire to dentistry (see diagram), and fingers in all sorts of other pies through its private-equity arm, Hony Capital.
Lenovo has been listed in Hong Kong since 1994 but now...
from The Economist: Business http://ift.tt/1fjK1sA
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