Shi Yuzhu
Encyclopedia
Shi Yuzhu is a Chinese
entrepreneur
and software engineer
.
in 1962. After he graduated from the Department of Mathematics at Zhejiang University
, he did his postgraduate study in the Department of Software Engineering at Shenzhen University
.
's most successful online game
companies. In October, licensed flagship game ZT Online to Astrum Nival of Russia
. Founded the company in 2005. Took it public in the U.S. in November 2007. Got a bachelor's degree in mathematics from the academic cradle of China's software industry, Zhejiang University
, and created a huge following for his Zhuhai Giant Hi-Tech Group in 1991, based on the popularity of a single videogame. Zhuhai Giant collapsed under the weight of massive debt incurred for a 70-story skyscraper that was never built. His recent return to games through an online services provider he founded, ZTgame, has given new life to his entrepreneurial reputation. Shi also has stakes in Minsheng Bank, of which he's a director, and Huaxia Bank. Diversifying into Chinese rice wine
market.
World's Billionaires List, Shi was ranked no. 616 in the world with a net worth of 1.6 Billion US Dollar
According to the Hurun Report 2007, Shi has a net worth as high as 28 billion Chinese Yuan (= 4.0 billion USD; ranked No.15 in Mainland China
).
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
entrepreneur
Entrepreneur
An entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative.The term was originally a loanword from French and was first defined by the Irish-French economist Richard Cantillon. Entrepreneur in English is a term applied to a person who is willing to...
and software engineer
Engineer
An engineer is a professional practitioner of engineering, concerned with applying scientific knowledge, mathematics and ingenuity to develop solutions for technical problems. Engineers design materials, structures, machines and systems while considering the limitations imposed by practicality,...
.
Early life and studies
Shi was born in Huaiyuan County, Anhui Province, in the People's Republic of ChinaPeople's Republic of China
China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...
in 1962. After he graduated from the Department of Mathematics at Zhejiang University
Zhejiang University
Zhejiang University , sometimes referred to as Zheda, is a national university in China. Founded in 1897, Zhejiang University is one of China's oldest institutions of higher education...
, he did his postgraduate study in the Department of Software Engineering at Shenzhen University
Shenzhen University
Shenzhen University is a public university established in 1983 located in Shenzhen, Guangdong, China. It is accredited by the State Council of the People's Republic of China and is funded by the Shenzhen government. The university took its first enrollment the same year at what Deng Xiaoping...
.
Business career
Chairman of the Board and Chief Executive Officer of Giant Interactive, one of ChinaChina
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
's most successful online game
Online game
An online game is a game played over some form of computer network. This almost always means the Internet or equivalent technology, but games have always used whatever technology was current: modems before the Internet, and hard wired terminals before modems...
companies. In October, licensed flagship game ZT Online to Astrum Nival of Russia
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
. Founded the company in 2005. Took it public in the U.S. in November 2007. Got a bachelor's degree in mathematics from the academic cradle of China's software industry, Zhejiang University
Zhejiang University
Zhejiang University , sometimes referred to as Zheda, is a national university in China. Founded in 1897, Zhejiang University is one of China's oldest institutions of higher education...
, and created a huge following for his Zhuhai Giant Hi-Tech Group in 1991, based on the popularity of a single videogame. Zhuhai Giant collapsed under the weight of massive debt incurred for a 70-story skyscraper that was never built. His recent return to games through an online services provider he founded, ZTgame, has given new life to his entrepreneurial reputation. Shi also has stakes in Minsheng Bank, of which he's a director, and Huaxia Bank. Diversifying into Chinese rice wine
Rice wine
Rice wine is an alcoholic beverage made from rice. Unlike wine, which is made by fermentation of naturally sweet grapes and other fruit, rice "wine" results from the fermentation of rice starch converted to sugars...
market.
Giant Interactive
Giant Interactive is an online game developer and operator in China. The Company focuses on massively multiplayer online (MMO) games that are played through networked game servers, in which a number of players are able to simultaneously connect and interact. The Company’s three MMO games include ZT Online, ZT Online PTP, a pay-to-play game based on the ZT Online free-to-play game, and Giant Online. ZT Online, ZT Online PTP, ZT Online Green, ZT Online Classic Edition and Giant Online together had 1,572,000 quarterly peak concurrent users and 474,000 quarterly average concurrent users during the year ended December 31, 2009. In addition, it launched two free-to-play games, ZT Online Green and My Sweetie, and introduced King of Kings III, or K III, XT Online and The Golden Land in 2009. In December 2009 and January 2010, the Company acquired two licenses to operate Elsword and Allods Online, two three dimensional-MMO games, in mainland China.Wealth
In 2010's ForbesForbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
World's Billionaires List, Shi was ranked no. 616 in the world with a net worth of 1.6 Billion US Dollar
According to the Hurun Report 2007, Shi has a net worth as high as 28 billion Chinese Yuan (= 4.0 billion USD; ranked No.15 in Mainland China
Mainland China
Mainland China, the Chinese mainland or simply the mainland, is a geopolitical term that refers to the area under the jurisdiction of the People's Republic of China . According to the Taipei-based Mainland Affairs Council, the term excludes the PRC Special Administrative Regions of Hong Kong and...
).