LeaderPortfolio
Zhenhua
Xu Zhenhua
Rank #2606
CHINATechnologyOnline games

Xu Zhenhua

Net Worth
$1.5B
0% (24h)
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.

How to read Xu Zhenhua's profile

Public net-worth figures are estimates. They combine observable inputs—typically listed equity, disclosed transactions, and market prices—with editorial judgment where filings are incomplete (for example, private holdings, debt, or cross-holdings). For Xu Zhenhua, we anchor the narrative to Online games and Online games, then update the headline number as markets move. The chart on this page is meant to show trajectory, not a certified balance sheet.

When you see $1.5B alongside global rank #2606, interpret it as our best synthesis of widely cited ownership and price signals—not a claim about cash on hand. Estimates can diverge from other publishers because of different treatment of options, trusts, charitable vehicles, or illiquid assets. We document the general approach in methodology and welcome corrections via corrections.

Country (CHINA) and career milestones on this page are curated for reader context; they should be verified against primary sources when used for research. Editorial metadata for this profile is refreshed on a rolling basis, with deeper audits at least annually (last noted cycle: 2026).

Looking for depth? When available, the dossier and timeline sections below add long-form context beyond the headline number—prioritize those modules when evaluating claims about strategy, controversies, or philanthropic commitments.

The Full Dossier

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 Timeline

2021

Moonton Games Acquired by ByteDance

ByteDance acquired Moonton Games for $4 billion.

2016

Mobile Legends: Bang Bang Released

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

2014

Founded Shanghai Mutong Technology Co., Ltd.

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

2002

Entered the gaming industry

Xu began his career in the game industry.

2000

Graduated from university

Xu Zhenhua graduated from university.

Net Worth History

In-Depth Analysis

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.

Data Sources & Methodology

Figures for Xu Zhenhua are synthesized from the sources below and cross-checked against our net worth methodology. Estimates may lag market moves; see corrections to report discrepancies.