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Pete Lau
Chinese businessperson

Pete Lau

Pete Lau
The basics

Quick Facts

Intro Chinese businessperson
Is Businessperson
From China
Field Business
Gender male
Birth Hanchuan City
The details (from wikipedia)

Biography

Pete Lau or Liu Zuohu (simplified Chinese: 刘作虎; traditional Chinese: 劉作虎; pinyin: Liú Zuòhǔ) is a Chinese entrepreneur and business executive. He is the founder and Chief Executive Officer of Chinese smartphone maker OnePlus.

Career in Oppo

Lau started working in Oppo Electronics as a hardware engineer. He later became the director of Oppo's Blu-ray division. Lau's attention for detail became famous in tech circles during that time when he smashed a Blu-ray player's logic board to express his disappointment about the circuitry design. He then became head of marketing before finally getting assigned as the Vice President. As the Vice President he was instrumental in bringing CyanogenMod, an Android-based operating system to Oppo N1 smartphone. He resigned from Oppo in November 2013 after working in the company for over a decade.

OnePlus

In December 2013 Lau launched his own company named "OnePlus" with the aim of creating "a more beautiful and higher quality product." At the time of start, OnePlus had only 6 employees. Cutting cost was a priority of the company early on, so Lau chose to go with online sales for his company's first product taking inspiration from market models of the Nexus line and Oppo. He chose Cyanogenmod as the operating system of the device, extending his ties with Steve Kondik of Cyanogen Inc., who he got acquainted with during his time in Oppo.

Since OnePlus didn't have a manufacturing facility, Lau got the device manufactured in the facilities of his former company Oppo. The device named OnePlus One was announced officially in April 2014 and became available for online order in June 2014. The One received positive reviews from the tech community, praising the phone's specifications, performance, design and aggressive costing. The device's attention to detail, an aspect that can be attributed to Lau, was praised by several tech experts. Due to limited availability, the phone could initially only be purchased through an invite system.

The phone's pricing was discussed widely in tech media. The 16 GB version of the phone cost USD 299 while the 64 GB version cost USD 349, almost half the price of other flagship devices with similar specifications. Lau attributed the low costing to the lack of marketing costs, the online marketing strategy and low profit margin. The strategy was labelled as brave and risky for a new company by tech website Tech Radar. Another tech site Phone Arena commented that "if OnePlus can succeed selling its smartphone without television advertising, it will have done something that the major manufacturers could never accomplish."

By December 2014, nearly 1 million phones were sold.

OnePlus announced another OS "OxygenOS" for their smartphones when YU Televentures, another company coming up in India (linked to Micromax) announced that they alone had permission for the use of Cyanogen OS in India.

The contents of this page are sourced from Wikipedia article. The contents are available under the CC BY-SA 4.0 license.
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