Billionaire Profile
Xu Zhenhua
Global Rank
#2233

Image: Public domain | via Wikimedia Commons

Xu Zhenhua

CEO, Moonton Games
CN
Real-Time Net Worth
$1.5B
As of December 2025
Age
46
Source
Online games
Industry
media-entertainment
Citizenship
CN

Biography

Xu Zhenhua, a self-made Chinese billionaire, is the co-founder of Moonton Games, a company acquired by ByteDance in 2021. His primary source of wealth stems from his success in the online gaming industry. Prior to founding Moonton, Xu worked at Tencent. His career achievements include developing and launching the globally popular mobile game 'Mobile Legends: Bang Bang', which has become a major international sensation. As of December 4, 2025, his estimated net worth is $1.5 billion.

Wealth Over Time

In-Depth Profile

Early Life

Xu Zhenhua was born in Shanghai, China, on January 24, 1979. Details about his early life and education are limited, but he graduated from university in 2000 and joined the Shanghai Institute of Computing Technology.

Rise to Success

Xu Zhenhua entered the gaming industry in 2002. He worked at Tencent, a leading Chinese internet company, starting in 2008. During his time at Tencent, he was involved in the development and operation of online games, including projects like 'Free Fantasy' and 'Legend of Xuanyuan'. In 2012, Xu launched the 'War of the Clan' series of games as a producer.

In 2014, Xu founded Shanghai Mutong Technology Co., Ltd., also known as Moonton. He served as the CEO of the company. In 2015, the company developed 'Magic Rush: Heroes', a mobile game integrating card, tower defense, and strategy elements. Moonton's major breakthrough came with the 2016 launch of 'Mobile Legends: Bang Bang' (MLBB), a multiplayer online battle arena (MOBA) game. MLBB gained immense popularity, especially in Southeast Asia. The game's success led to Moonton being acquired by ByteDance in 2021 for a reported $4 billion.

Key Business Strategies

Xu's key strategy involved capitalizing on the growing mobile gaming market and identifying a gap for a mobile MOBA game. His approach included:

  • Developing a game that was accessible and appealing to a broad audience, particularly in Southeast Asia.
  • Focusing on continuous updates and engaging content to keep players interested.
  • Building a strong community around the game to foster player loyalty.

Philanthropy

There is no readily available information regarding Xu Zhenhua's specific philanthropic initiatives or amounts. However, the company won the "Cultural Contribution Award" and "Science and Technology Contribution Award" for Corporate Social Responsibility of People's Online Games in 2020.

Career Milestones

2008

Joined Tencent

Worked on the development and operation of online games.

2014

Founded Moonton

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

2016

Launched Mobile Legends: Bang Bang

Released the popular mobile MOBA game.

2021

Moonton Acquired

ByteDance acquired Moonton for $4 billion.

Philanthropy & Social Impact

Corporate Social Responsibility

Corporate Social Responsibility

Undisclosed

Won the Cultural Contribution Award and Science and Technology Contribution Award for Corporate Social Responsibility of People's Online Games in 2020

Controversies & Challenges

2018

Tencent Lawsuit

Tencent sued Xu for breach of a non-compete agreement and was awarded $2.9 million.