Early Life
Wu Xushun was born in China. Little information is available about his early life, but he did not continue his formal education after middle high school, which he completed in 1963. He worked as a government official in Xitan in Anhui Province from 1964 to 1993. This experience likely provided him with valuable insights into the workings of government and business in China.
Rise to Success
In 1995, Wu, along with his wife and children, founded Wuhu Auto Parts, the precursor to the family's later ventures. Wu's business acumen propelled him into the online gaming sector. Wuhu Shunrong Sanqi Interactive Entertainment Network Technology acquired 60% of Sanqi Interactive Entertainment Shanghai Technology in 2014, changing the firm's focus from auto parts to online and mobile games. This acquisition proved to be a pivotal moment, transforming the company into one of China's leading game developers and operators.
Key Business Strategies
Wu's success can be attributed to several key business strategies. The acquisition of Sanqi Interactive Entertainment was a bold move that allowed Wu and his family to capitalize on the rapidly growing online gaming market. This strategic shift from auto parts to online gaming demonstrated an ability to identify and seize opportunities for growth. The family also reduced its holdings in the group over recent years.
Philanthropy
While the specific amounts and details of Wu Xushun's philanthropic activities are not readily available, the family's involvement in the community is not known to the search results.