The founder of Wanxiang Group Corporation, Lu Guanqiu, passed away on October 25, 2017. The whole commercial community in China mourned his death.
The entire blockchain industry, especially those individuals and groups based in China, has every reason to remember Lu and his work through the Wanxiang Group. Wanxiang Group is a Chinese multinational automotive manufacturing company based in Hangzhou. Wanxiang has long been a proponent of distributed ledger technology, and has developed numerous blockchain-based entities, including Wanxiang Blockchain Labs and Wanxiang Accelerator. It has organized the Global Blockchain Summit three times and is initiating a venture capital firm targeting blockchain-based innovations.
Fenbushi Capital, Wanxiang Group's representative controlling firm, supports blockchain projects around the globe.
Born on January 17, 1945, Lu was not only admired by Chinese entrepreneurs but also respected by China's top leaders, as embodied by his accompaniment of former president Hu Jin Tao during his state visit to the U.S. in 2012.
Jack Ma of Alibaba, among others, expressed his condolences immediately, saying "the best way to memorize Mr. Lu is to pass on his entrepreneurship."
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
