Early Life and Education
Chi Yufeng was born in Beijing on September 15, 1971. He obtained a bachelor's degree in chemistry from Tsinghua University in 1994 and later earned an MBA from the China Europe International Business School (CEIBS) in 2004.
Rise to Success
Chi's entrepreneurial journey began in 1996 when he founded Beijing Hongen Education and Technology Co., Ltd. The company created educational software, capturing a 50-70% market share in China. In 2004, Chi founded Perfect World Games, an online game developer. He led the company's initial public offering (IPO) on the NASDAQ in July 2007. In 2008, Chi founded Perfect World Pictures Co., Ltd.. Chi later took Perfect World private in April 2015 and then relisted its gaming and film assets on China's A-shares market in 2016 (002624). He is now the chairman of Perfect World Investment & Holding Group, a large entertainment company encompassing online gaming and film production.
Key Business Strategies
Chi's key strategies include creating high-quality MMORPGs that appeal to both domestic and international audiences. He also focused on strategic maneuvers, such as the privatization of Perfect World Games and its subsequent relisting on the Chinese A-shares market.
Philanthropy
Chi's philanthropy often supports educational and technical training programs, reflecting his commitment to the growth of China's creative and software sectors. Perfect World has also been involved in social welfare, supporting its employees and organizing educational events.