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Saving legacies of Zhongguancun entrepreneurs

chinadaily.com.cn | Updated: Sep 19, 2018 L M S

The first Chinese typewriter on display in the entrepreneurship museum, Beijing's Zhongguancun Inno Way on Sept 15. The typewriter was a necessity for every office in China's 1980s. [Photo provided to chinadaily.com.cn]

A mini museum highlighting the footsteps of China's early entrepreneurs opened for the public in Zhongguancun Inno Way, Beijing, on Sept 15.

In the early 1980s, a group of young innovators resigned from their well-paid jobs at research institutes and came to Zhongguancun area to start their own business. Their enthusiasm and perseverance drove the development of Zhongguancun Science Park which is now commonly known as China's Silicon Valley.

Each of the museum's two front doors has an extraordinary history. [Photo provided to chinadaily.com.cn]

The red door on the right came from the iconic IT giant Lenovo Group. In the 1980s, with the trends of market reforms, Liu Chuanzhi founded Lenovo (whose English name was originally Legend) in 1984 with 200,000 yuan ($31,460) and some ten PC engineers in the Zhongguancun area.

In 1997, the company topped the domestic market. In 2005, it merged with IBM PC, taking seven percent of the world's market share. In 2013, Lenovo had more than 10 percent of market share.

The golden door used to guard the Zhongguancun headquarters of Kingsoft Co, one of China's oldest software makers. It has developed into China's largest provider of office software and is seeking to take on tech giants such as Microsoft and Google.

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