L u Hongyan is the founder and chairman of G-bits Network Technology, a prominent Chinese game developer and publisher based in Xiamen. He founded the company in 2004, leveraging his background as a software engineer at ZTE and other tech firms. G-bits is best known for its long-running hit MMORPG "Asktao" (Wen Dao), which has generated substantial revenue for over a decade.
Under Lu's leadership, the company successfully transitioned to mobile gaming and went public on the Shanghai Stock Exchange in 2017. G-bits is recognized for its unique focus on niche game genres and its profitable publishing arm, Leiting Games. Lu's wealth surged during the pandemic as demand for online entertainment spiked.
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Lu Hongyan is a Chinese businessman, the Chairman of Shanghai-listed online games company G-bits Network Technology (SHA: 603444).
Lu worked for telecom firms ZTE and Salira Optical Network Systems as a software engineer before he founded G-bits in 2004. The company's business saw a significant benefit when Chinese people quarantining at home during the Covid-19 pandemic turned to online gaming for fun.
Lu Hongyan successfully transitioned his background as a software engineer for major telecom firms into the booming online gaming sector. His structural achievement is founding and leading G-bits Network Technology to develop popular online games that captured the market, particularly during periods of high demand for home entertainment.
The company's listing on the Shanghai Stock Exchange secured his wealth and demonstrated the profitability of China's digital entertainment market.
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Worked for telecom firms ZTE and Salira Optical Network Systems.
Founds G-bits Network Technology.
Continues as Chairman of the Shanghai-listed gaming company.
Lu Hongyan's wealth is concentrated in his founding equity and continued leadership of the publicly traded gaming giant, G-bits Network Technology.
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+0.19% | +$4.24M
-0.23% | -$4.55M
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