Wang Yue

CEO, Shanghai Kingnet Technology

Real-Time Net Worth

$1.2B

As of December 2025

Age

Source

online games

Industry

technology

Citizenship

Biography

Wang Yue, a prominent figure in the online gaming industry, is a Chinese entrepreneur and CEO. He is known for his instrumental role in Shanghai Kingnet Technology, a leading online and mobile game developer. His career began at 51.com, before venturing into the gaming sector, building Kingnet into a major player in China's online and mobile gaming market. Wang Yue's achievements include successfully completing a backdoor listing in China, earning him a spot among the youngest billionaires. As of December 2024, his net worth is estimated at $1.2 billion. Unfortunately, he was sentenced to five years and six months in prison in 2020 for stock manipulation.

Wealth Over Time

In-Depth Profile

Early Life and Career

Wang Yue, born in China, embarked on his entrepreneurial journey in the online gaming sector. Prior to his success in gaming, he held an executive position at 51.com. He later founded Shanghai Kingnet Technology, which quickly became a leading developer of online and mobile games in China.

Rise to Success

Wang's rise to prominence was marked by his strategic vision and business acumen. A pivotal moment in his career was the successful backdoor listing of Kingnet in China in December 2015. This strategic move was a significant milestone, establishing him as one of the youngest billionaires in the world.

Key Business Strategies

Key to Wang's success was his focus on innovation and market expansion. Under his leadership, Kingnet developed various online and mobile games and established the xy.com mobile phone application platform. Wang's total holding in Taiya Shoes was worth 9 billion yuan, or $1.4 billion, at last Thursday's closing price of 60.54 yuan.

Philanthropy

Unfortunately, I was not able to locate any public details of Wang Yue's philanthropic activities.

Career Milestones

2009

Founded Shanghai Kingnet Technology

Wang acquired a 62.5% stake in Kingnet, which became a leading online and mobile game developer in China.

2015

Backdoor Listing

Kingnet successfully completed a backdoor listing, propelling Wang Yue to billionaire status.

2020

Conviction

Sentenced to five years and six months in prison and fined for manipulating securities markets.

Controversies & Challenges

2020

Stock Manipulation

Sentenced to five years and six months in prison for manipulating securities markets.