BillionaireNet
Zhenhua
Xu Zhenhua
Rank #2458
CHINATechnologyOnline games

Xu Zhenhua

Net Worth
$1.5B
0% (24h)
Xu Zhenhua, born in Shanghai on January 24, 1979, is a self-made Chinese billionaire who made his fortune in the online gaming industry. He is the co-founder of Moonton Games, the developer of the globally popular mobile game *Mobile Legends: Bang Bang*. Before his entrepreneurial ventures, Xu worked at Tencent, a leading online game company in China. In 2021, ByteDance acquired Moonton for $4 billion, solidifying Xu's status as a billionaire. As of December 2025, his net worth is estimated at $1.5 billion, ranking him among the world's wealthiest individuals. His career has been marked by significant achievements in the competitive and dynamic media-entertainment sector.

The Full Dossier

Early Life

Xu Zhenhua was born in Shanghai, China, on January 24, 1979. Not much is known about his early life, but his career trajectory indicates a keen interest and aptitude for technology and the gaming industry.

Rise to Success

Xu's career began with a role at Tencent, a prominent online game company in China. His experience at Tencent provided the foundation for his future success. In 2014, he founded Shanghai Mutong Technology Co., Ltd., later known as Moonton. Xu's company achieved a major breakthrough in 2016 with the launch of *Mobile Legends: Bang Bang*, a mobile multiplayer online battle arena (MOBA) game that gained immense popularity globally, particularly in Southeast Asia.

Key Business Strategies

The success of *Mobile Legends: Bang Bang* can be attributed to several key strategies. The game was designed to be accessible on mobile devices, catering to a broad audience. The game's developers customized the game for different cultures and telecommunications infrastructures of various countries, which helped in gaining a global appeal. This led to a massive international following, making it one of the highest-grossing mobile games worldwide. In 2021, ByteDance, the parent company of TikTok, acquired Moonton for a reported $4 billion.

Philanthropy

There is no information available regarding Xu Zhenhua's specific philanthropic endeavors.

Career Timeline

2021

Moonton acquired by ByteDance

ByteDance acquired Moonton for a reported $4 billion.

2019

Mobile Legends: Bang Bang recognition

*Mobile Legends: Bang Bang* was recognized by the International Olympic Committee.

2016

Launched Mobile Legends: Bang Bang

Launched the mobile game *Mobile Legends: Bang Bang*, which became a global success.

2014

Founded Shanghai Mutong Technology Co., Ltd. (Moonton)

Founded Shanghai Mutong Technology Co., Ltd. and served as CEO.

2012

Launched War of the Clan series

Launched the 'War of the Clan' series of games as a producer.

2008

Joined Tencent

Began working at Tencent, participating in the development and operation of online games.

Wealth Trajectory