Grand Network Master Chen Tianqiao: The game life 31 years old into the mainland's richest man

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The Chinese edition of Fortune magazine yesterday released the list of 40 Chinese business elites under the age of 40 in 2013, and chairman and CEO Chen of Shanda Network Co., Ltd. was re-elected. He started as a "legendary" online game and was once the richest man in mainland China. His entrepreneurial experience is a legend in itself.

I never really liked money. I'm trying to make money, just to prove my worth.

--Chen Tianqiao

"Lonely Growth"

Fudan Wizards Video

1973, Chen was born in Zhejiang Xinchang County Cheng Tan zhen dongkeng Ping Village. The father is an engineer and the mother is an English teacher. He enrolled in the economics Department of Fudan University at the age of 18, and according to his college classmates, he is absolutely a "good boy" in reading, freshman grade in the whole department ranked first, sophomore was Shanghai Municipal Education Committee and the group as the only "Shanghai excellent student cadre pacesetter", a junior will be full credits, become Fudan University 18 years in advance a year of graduating students.

At that time, he felt like the darling of the world, surrounded by a sense of happiness all day, and seemed to have all the ideal ambitions at their fingertips. So, he gave up the opportunity to study abroad, and was assigned to Lujiazui group.

His first job was to show a video of the group briefing in a small room every day. This is 10 months. For the first time he experienced a huge gap in his life.

Later, he left Lujiazui Group, joined a securities firm, and quickly accumulated his capital. At this time, the Internet heat wave.

"Entrepreneurial turmoil"

Grand almost into a "bubble"

1999 is the year when capital is frantically flocking to the Internet. Chen Tianqiao's brother, Danian, was working for a network company. Two brothers a familiar with the Internet, a familiar with the capital market, think of creating a website.

In November, he identified a popular community set up by several Fudan University students and offered to introduce their ideas to them to make their communities more appealing. And he went to the Chinese network to come to invest.

After the tripartite talks, Chen Tianqiao quickly registered a Royal network company, the capital of 500,000 yuan, employees more than 20 people. Company was founded in the original intention, just want to become China's largest virtual community of graphics. At that time, the community is very distinctive, not only the day, night, and every community users can not get something for nothing, hungry to land, and then harvest things made into food for money, and only the ability to survive in the community. This is actually an interactive community similar to online gaming. Chen took over, launched China's first graphical network virtual community game-"Network Silicon Valley." In just a few months, it won 1 million registered users.

In the second half of 2000, the Internet bubble began to collapse and a large number of websites began to fail. China's 3 million dollar investment has not been accounted for 1 million U.S. dollars, the Royal network from 50 to 20 people, all non-gaming department personnel were all cleared.

Perks】

Develop online games into mega-millionaires

At this point, Korean game developers Wemade to Shanghai to find partners, ready to promote their development of the online game "legend." Wemade first found the Shanghai Animation Association, but the animation association do not know why the network game, then the Korean manufacturers recommended to Chen.

Chen get the game and play it first. Play until later, can't stop. He decided to concentrate all resources and energy into the operation of online games.

June 29, 2001, the two sides signed an agreement, the Grand network of 300,000 U.S. dollars for the price, the "legend" of the right to operate. At this time, Chen Flyover is bite, 300,000 U.S. dollars is almost all his own, to the Koreans, the rest of the change is only enough for him to maintain the last one months of operation. Yet it was this last one months that made the grand resurrection. "Legend" online game fees for the first month to achieve profitability, and quickly boarded the top of the list of software sales. Only 1.5 times, "legend" accounted for the Chinese online games market 68%.

February 2003, the Koreans announced the suspension and grand cooperation. Chen was forced to adjust the direction of operation: from the online game agents into the online game developers, and investment 40 million yuan to build research and development departments. Since then, the grand independent research and development of the "legendary World" "Miracle" "Dream Country" "Three Kingdoms Biography" and other online games have been launched, greatly popular.

Listed on Nasdaq in May 2004, Chen Tianqiao became the richest man in mainland China. At this time he was only 31 years old. In 2012, his net worth amounted to 7.06 billion yuan.