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Billionaire Profile
Xu Zhenhua
Global Rank
#2640

Image: IAEA Imagebank | CC BY 2.0 | via Wikimedia Commons

Xu Zhenhua

CEO, Online games
CHINA
Real-Time Net Worth
$1.5B
Estimated based on Online games stock value as of April 21, 2026
0% (24h)
Age
47
Source
Online games
Industry
Technology
Citizenship
CHINA

Biography

Xu Zhenhua is a prominent figure in the online gaming industry as the co-founder of Moonton Games, the company behind the global mobile hit, Mobile Legends: Bang Bang. Born in Shanghai in January 1979, Xu's career in the gaming sector began in 2002. His wealth source is primarily from the success of Moonton Games, which was acquired by ByteDance in 2021 for $4 billion. Xu has demonstrated significant achievements and leadership in developing and expanding the reach of Mobile Legends, making him a notable entrepreneur in the media-entertainment sector. His estimated net worth as of March 25, 2026, is $1.5 billion.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/21/2026

Wealth Over Time

In-Depth Profile

Early Life

Xu Zhenhua was born in Shanghai, China, on January 24, 1979. After graduating from university in 2000, he entered the game industry in 2002.

Rise to Success

Xu Zhenhua's career took off with his co-founding of Moonton Games. He previously worked at Tencent, a leading Chinese online game company. In 2014, he founded Shanghai Mutong Technology Co., Ltd., serving as its CEO. The company developed Magic Rush: Heroes in 2015. In 2016, a mobile MOBA project team was formed and Mobile Legends: Bang Bang (MLBB for short) was developed. MLBB, released in 2016, quickly gained global popularity. In 2019, the game was recognized by the International Olympic Committee and became a medal item for the Southeast Asian Games e-sports event. In 2021, ByteDance acquired Moonton Games for $4 billion.

Key Business Strategies

Xu's strategy included a focus on mobile gaming, capitalizing on the growing smartphone market. Moonton's success was significantly boosted by adapting features and content to suit diverse cultures and the state of telecommunications in different regions.

Philanthropy

Information on Xu Zhenhua's specific philanthropic activities is limited in the search results. Additional research would be needed to provide detailed information regarding his charitable contributions.

Career Milestones

2000

Graduated from university

Xu Zhenhua graduated from university.

2002

Entered the gaming industry

Xu began his career in the game industry.

2014

Founded Shanghai Mutong Technology Co., Ltd.

Xu founded the company that would later develop Mobile Legends: Bang Bang.

2016

Mobile Legends: Bang Bang Released

The mobile MOBA game was released and quickly gained global popularity.

2021

Moonton Games Acquired by ByteDance

ByteDance acquired Moonton Games for $4 billion.

Controversies & Challenges

2018

Tencent Lawsuit

Tencent sued Xu Zhenhua for violating a non-compete agreement.

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