Liu Chuanzhi
Strategic Concepts & Mechanics
Primary Evidence
"The ownership structure guaranteed the original team the largest number of shares, exceeding 50% of the total after listing. Too much dilution of equity would not help the company’s long-term planning, pushing emphasis on short-term profit taking. Several years of toiling in the industry convinced me that a hotel business will develop more smoothly and stably if there is a single large shareholder. As Liu Chuanzhi, the founder of Leveno, has said, a company must have a boss."
"Liu Chuanzhi, Zhang Ruimin, and Zong Qinghou, Li Shufu"
"“In 2000, I first met Li Shufu when we participated in the ‘Dialogue’ program. At that time, Li Shufu said he wanted to build cars in China, which drew scorn from the audience. They didn’t trust him because he was originally selling motorcycles and was a private entrepreneur, while there were so many large companies involved in car manufacturing in China. Li Shufu adamantly said he would build cars, earning the nickname ‘Car Madman’.” Liu Chuanzhi, a longtime friend of Li Shufu and a representative of Chinese enterprises moving overseas, said at the 2015 launch of the new Volvo XC90."