Early Life and Education
Li Weiwei's early life and educational background are not extensively detailed in the available sources. However, it is known that he holds an Executive MBA from Cheung Kong Graduate School of Business in Beijing.
Rise to Success
Li Weiwei's path to becoming a billionaire is closely tied to the growth of the online games industry in China. He founded his company, Wuhu Shunrong Sanqi Interactive Entertainment Network Technology, in 2011. The company is a major player in the Chinese online games market, which has experienced significant growth. China is the second-largest market for online games after the United States. The market size in China was $42 billion in 2023 and has 668 million internet users playing online games.
Key Business Strategies
The key to Li's success lies in the strategic operation of his online games company. The online gaming market in China is dominated by companies like Tencent and NetEase. The industry is characterized by free-to-play games with monetization strategies. The sector has benefited from the large internet population in China, which provides a vast market space.
Philanthropy
In 2021, Li Weiwei, as the chairman of 37 Interactive Entertainment, donated 5 million RMB to the Sichuan University Education Foundation for the 37 Interactive Entertainment Education Development Fund at the School of Business.