Legend Holdings serves up quite the unverifiable company history on its website;
Legend Holdings Corporation was founded in 1984 by Liu Chuanzhi and 10 other researchers with funding from the Computing Institute of the Chinese Academy of Sciences.
Starting from the IT industry, Legend Holdings has gone through the development of over three decades, and now it is a leading diversified investment holding company in China.
It builds up a unique business model of “strategic investments + financial investments” with synergy between the two-wheel-drive businesses.
Naturally no information on Liu Chuanzhi is provided. Legend Holdings Corp’s website does have a “from the Chairman” link but, rather conveniently, it’s currently broken.
The Chinese Academy of Sciences is an actual institution, but there’s no link with Liu Chaunzhi.
Liu Chuanzhi is the name of Lenovo’s founder. If I didn’t know any better I’d say whoever is behind Legend Holdings Corp has “borrowed” the name.
Supporting this is Legend Holdings Corp’s website domain (“legendholdingscorp.com”), being first registered in March 2020.
The domain registration is private and was last updated in March 2021.
Looking a little deeper into the name, it seems there’s an actual Legend Holdings operating from “legendholdings.com.cn”. This Legend Holdings
is
headed up by Liu Chuanzhi
Legends Holdings Corp’s website appears to be modeled after the genuine Legend Holdings website. It has nothing to do with the actual Legend Holdings or Liu Chuanzhi.
One breadcrumb I found was a Facebook page titled “Legend Holdings”. Up until February 2021 it was going by SmartWorkz.
SmartWorkz appears to be a short-lived 2019 Ponzi scheme that targeted the Philippines.
References to the SmartWorkz Ponzi scheme have been scrubbed off the internet over the past month or so.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Legend Holdings Corp’s Products
Legend Holdings Corp has no retailable products or services.
The company’s affiliates are only able to market Legend Holdings Corp affiliate membership itself.
Legend Holdings Corp’s Compensation Plan
Legend Holdings Corp affiliates invest funds on the promise of advertised returns:
Bronze – $200
Silver – $400
Gold – $800
Platinum – $1400
Diamond – $2000
Returns appear to be the same regardless of how much is invested.
Specific return rates are determined by how long a Legend Holdings Corp affiliate leaves funds in the company:
invest for 4 weeks and receive a 20% ROI paid out over 4 weeks
invest on the 5th of a month and receive a 25% ROI on the 30th of the same month
invest for one month and receive a 30% ROI
invest for three months and receive a 32% ROI
invest for six months and receive a 35% ROI
The three and six month investment options compound invested funds and earnings monthly.
Residual Commissions
Legend Holdings Corp affiliates who h
🤖 Quick Answer
What is Legend Holdings Corporation's claimed founding history?Legend Holdings Corporation was founded in 1984 by Liu Chuanzhi and ten other researchers, receiving funding from the Computing Institute of the Chinese Academy of Sciences. The company transitioned from the IT industry to become a leading diversified investment holding company in China, operating through a dual business model combining strategic and financial investments.
What concerns exist regarding Legend Holdings Corporation's transparency?
Legend Holdings Corporation provides limited verifiable information about its leadership. The company's website contains a broken "from the Chairman" link, preventing access to statements from company leadership. Additionally, minimal biographical information about founder Liu Chuanzhi is publicly available through official channels.
How does Legend Holdings Corporation structure its business operations?
Legend Holdings Corporation operates through a distinctive "strategic investments plus financial investments" business model, designed to create synergy between two distinct operational divisions. This dual-track approach differentiates the company
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