liu chuanzhi and lenovo00:05.62the small concrete building hardly looks like a place where legends are made,00:10.43but neither do the famous garages of silicon valley.00:14.37chinas equivalent sits in the elite precincts00:18.21of the chinese academy of sciences (cas) in beijing.00:22.91here is where, in the early 1980s,00:26.41liu chuanzhi and about a dozen colleagues at cas spent their days tinkering00:32.65with magnetic storage technology for computers.00:36.03theirs was not strictly theoretical research，00:39.52but to find commercial applications.00:42.16at that time, liu chuanzhi said,00:45.10“we were poor, and i just wanted to make an effort to improve my life.”00:50.15it is safe to say liu did.00:52.64in fact his story is, well, legendary.00:56.45a shanghai native, liu set up a shop with about $25,000,01:01.59initially to distribute foreign-made computers and then,01:05.85in 1990, to make pcs.01:08.72the company that sprang from his research,01:11.22legend computer, is far and away the leading maker of pcs in china.01:16.69even as he was distributing hewlett-packard and toshiba products on the mainland,01:22.38liu had intention of working for them forever.01:26.09his vision was to take on the foreigners that then dominated the chinese market01:31.45by building the capacity to make low-cost pcs,01:35.18then selling them through the retail network legend had already built.01:39.66to execute that strategy liu employed lots of younger and more market-oriented talents.01:46.98one of them was yang yuanqing,01:49.73who has made legend expand into pdas and cell phones except pcs.01:55.83during the past two decades the world has watched famous national champs02:01.96from the republic of korea get defeated02:04.93when they tried to move into the american pc market.02:08.20liu chuanzhi knows this history and is convinced he can learn from it.02:13.67on may 1, 2005 lenovo announced that02:18.38it had made acquired ibms personal computing division to constitute a new group02:24.28under the lenovo name with more than 19,000 employees worldwide.02:29.75the new lenovo is a leader in the global pc market,02:33.46with approximately $13 billion in annual revenue,02:37.61and products serving enterprises and consumers the world over.02:42.21in 2004, lenovo became the worldwide sponsor02:46.39with the international olympic committee,02:48.89and it will fund in support of the 2008 summer games in beijing.02:55.29these major sports marketing initiative02:58.69will help introduce the lenovo brand around the globe.03:02.73so far liu chuanzhi still sticks to his initial intention and he said:03