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Mark Lu, renowned as one of the pioneers of the South African IT distribution channel, has hung up his “trader’s hat” with the announcement that he has officially left Corex, the distributor he founded in 2003.
Specialising mainly in computer components at the time, Lu subsequently reached the milestone that every distributor of the day aspired to within a decade – to be a R1-billion enterprise. It was at this stage of its growth that Lu sold Rectron to the Mustek Group. Lu took Corex out of the Mustek group in 2012 and set about transforming it from a business-to-consumer distributor to a business-to-business organisation. Testimony to the success of Lu’s new vision for the company was its acquisition by the Qisda Group just six years later.
In 2006, for example, he founded Gigazone which he subsequently sold to Gigabyte in 2010; and in 2012 there was Partnertech Africa – sold to Qisda at the same time as Corex.
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