Danny Lui
Encyclopedia
Danny Lui is a Hong Kong
entrepreneur
and venture capital
ist. He won the Hong Kong Young Industrialist Award in 1992 and maintains working relationships with governments in China
and Hong Kong
. He also has a network of venture capital connections on both sides of the Pacific.
to a relatively poor working class family and for the duration of his early life, he began to develop an interest and passion for computers.
In the late 1970s he graduated from Imperial College, London with a Bachelor's Degree
in Computer Science
. Following his graduation, he worked for a London-based firm building software applications for other companies. In 1982, Denny returned to Hong Kong and started his first business, Daw Computer Systems, Ltd. Seven years later, he teamed up with China Academy of Sciences’ Institute of Computing and co-founded the legend group, known as Lenovo in Hong Kong, which in December 2004 acquired the PC Division of IBM for $1.7 billion.
In 1994, he led Legend through a successful IPO on the Hong Kong Stock Exchange
and the company today is currently the largest PC manufacturer in China.
Three years later, Lui founded APTG Ventures, his first venture fund focusing on high-tech investments in Silicon Valley
and China. The fund has since been received with relative success, having identified star companies with strong exit records and profitable returns through IPOs as well as mergers and acquisitions.
In 2000. Lui established his second fund, Authosis which focused on both IT
and semiconductor
industry and invested mainly in early-stage software and fabless IC
design companies targeting the internet
, e-commerce, wireless
and mobile solutions, consumer electronics, computing
and communication markets.
Five years later in 2005, Lui co-founded a new venture fund, Startup Capital Ventures, with John Dean, former Chairman and CEO of Silicon Valley Bank, and several other partners. The fund emphasizes on investing early-stage companies in Silicon Valley and China.
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
entrepreneur
Entrepreneur
An entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative.The term was originally a loanword from French and was first defined by the Irish-French economist Richard Cantillon. Entrepreneur in English is a term applied to a person who is willing to...
and venture capital
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...
ist. He won the Hong Kong Young Industrialist Award in 1992 and maintains working relationships with governments in China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
and Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
. He also has a network of venture capital connections on both sides of the Pacific.
Life
Lui was born in Hong KongHong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
to a relatively poor working class family and for the duration of his early life, he began to develop an interest and passion for computers.
In the late 1970s he graduated from Imperial College, London with a Bachelor's Degree
Bachelor's degree
A bachelor's degree is usually an academic degree awarded for an undergraduate course or major that generally lasts for three or four years, but can range anywhere from two to six years depending on the region of the world...
in Computer Science
Computer science
Computer science or computing science is the study of the theoretical foundations of information and computation and of practical techniques for their implementation and application in computer systems...
. Following his graduation, he worked for a London-based firm building software applications for other companies. In 1982, Denny returned to Hong Kong and started his first business, Daw Computer Systems, Ltd. Seven years later, he teamed up with China Academy of Sciences’ Institute of Computing and co-founded the legend group, known as Lenovo in Hong Kong, which in December 2004 acquired the PC Division of IBM for $1.7 billion.
In 1994, he led Legend through a successful IPO on the Hong Kong Stock Exchange
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
and the company today is currently the largest PC manufacturer in China.
Three years later, Lui founded APTG Ventures, his first venture fund focusing on high-tech investments in Silicon Valley
Silicon Valley
Silicon Valley is a term which refers to the southern part of the San Francisco Bay Area in Northern California in the United States. The region is home to many of the world's largest technology corporations...
and China. The fund has since been received with relative success, having identified star companies with strong exit records and profitable returns through IPOs as well as mergers and acquisitions.
In 2000. Lui established his second fund, Authosis which focused on both IT
Information technology
Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...
and semiconductor
Semiconductor
A semiconductor is a material with electrical conductivity due to electron flow intermediate in magnitude between that of a conductor and an insulator. This means a conductivity roughly in the range of 103 to 10−8 siemens per centimeter...
industry and invested mainly in early-stage software and fabless IC
Integrated circuit
An integrated circuit or monolithic integrated circuit is an electronic circuit manufactured by the patterned diffusion of trace elements into the surface of a thin substrate of semiconductor material...
design companies targeting the internet
Internet
The Internet is a global system of interconnected computer networks that use the standard Internet protocol suite to serve billions of users worldwide...
, e-commerce, wireless
Wireless
Wireless telecommunications is the transfer of information between two or more points that are not physically connected. Distances can be short, such as a few meters for television remote control, or as far as thousands or even millions of kilometers for deep-space radio communications...
and mobile solutions, consumer electronics, computing
Computing
Computing is usually defined as the activity of using and improving computer hardware and software. It is the computer-specific part of information technology...
and communication markets.
Five years later in 2005, Lui co-founded a new venture fund, Startup Capital Ventures, with John Dean, former Chairman and CEO of Silicon Valley Bank, and several other partners. The fund emphasizes on investing early-stage companies in Silicon Valley and China.