Ma Xuezheng, co-founder and partner at China's well-known investment fund Boyu Capital, died on August 31 at the age of 66. [sohu.com]
China's computer maker Lenovo Group announced that Ma Xuezheng, an independent non-executive director of the company, died of illness on August 31at the age of 66.
"What is particularly unforgettable for me was the little-known hardship Ma bore for the development of Lenovo," said Liu Chuanzhi, founder of Lenovo in an article mourning Ma.
Lenovo's Chief Marketing Officer and female Vice President Qiao Jian also recalled the past with Ma and emphasized that Ma inspired so many women to make progress and pursue career success.
Ma served in several senior management positions at Lenovo from 1990 to 2007.
In 1976, Ma graduated from Capital Normal University and was assigned to work at the Chinese Academy of Sciences (CAS) where she served for 13 years. At the CAS Ma was the youngest director and enjoyed an expert-level salary.
In 1989, Lenovo planned to start business in Hong Kong, which attracted Ma's interest. She resigned from the CAS and joined Lenovo in 1990, gradually becoming the assistant to the general manager and deputy general manager of Lenovo Hong Kong.
As one of Lenovo's leading executives, she has witnessed the most critical moments of Lenovo.
Over her 17 years at Lenovo, Ma was engaged in the company’s IPO on the Hong Kong Stock Exchange in 1994, the merger of Lenovo Hong Kong and Lenovo Beijing in 1997, Digital China's split from Lenovo in 2000, and Lenovo's acquisition of IBM's PC business in 2004.
In 2007, Ma retired from the management position of Lenovo and served as a non-executive director of the company.
In the same year, she became the managing director and partner of private equity fund TPG Capital China. In October 2010, she co-founded Boyu Capital.
Boyu Capital is active in China's private equity sector and has invested in companies including Alibaba and Megvii.
Ma also served as independent non-executive director at a few companies, including the Stock Exchange of Hong Kong. She was previously selected as one of the world's most powerful businesswomen by Forbes and Fortune magazines.
"She was smart, highly responsible, and good at communication," said Liu. With rich work experience, Ma played a significant role in helping China's technology companies connect to the world and make meaningful investments that were highly in accord with the needs of the time.
(Source: China Women's News/Translated and edited by Women of China)