Chi Yufeng Explained

Chi Yufeng
Native Name:	池宇峰
Birth Date:	September 15, 1971
Nationality:	Chinese
Alma Mater:	Tsinghua University
Occupation:	Founder, Chairman and CEO of Perfect World Chairman of Beijing Hongen Education and Technology

Michael Chi or Chi Yufeng (; born in September 15, 1971) is a Chinese Internet entrepreneur. He is the founder and chairman of the Perfect World Investment & Holding Group, a China-based entertainment industry group.

Education

Chi received his bachelor's degree in chemistry from Tsinghua University in 1994 and his Master of Business Administration degree from China Europe International Business School in 2004.

Career

Chi founded Beijing Hongen Education and Technology Co., Ltd. in 1996. The company aimed to help millions of Chinese families learn to use computers in the 1990s. At present, Hongen educational products occupy a 50%-70% share of China market.^[1]

Chi founded Perfect World Games in 2004 and served as the CEO and then co-CEO until March 2013. Chi led the company's initial public offering on the Nasdaq in July, 2007. In January 2015, he submitted a proposal to the board of directors to take the company private and completed the privatization in April 2015.^{[2] [3]}

Chi created Perfect World Pictures Co., Ltd. in 2008. And he led the asset reformation of Perfect World Pictures and Perfect World Games to list on China's A-shares market (ticker: 002624) in 2016.

Now, Perfect World is one of the largest Film & Game merging entertainment companies in China.^[4]

Recognition

In 2001, Chi was named one of the “Outstanding Young Persons of China’s Software Industry”.^[5]

From 2007 to 2011, Chi was consecutively named one of “Most Influential Individuals in Chinese Game Industry”.^{[6] [7] [8] [9] [10]}

In 2010 Chi was selected as one of “The best 20 Influential Individuals in Global MMO Games area by Massive Online Gamer”.^[11]

In 2013 and 2015, he was selected as one of “Persons of the Year for China’s Internet Industry”.^[12]

In December 2016, Chi was named one of “2016 Chinese Business Figures of the Year”.^[13]

Notes and References

1. Web site: Hongen Education. Hongen Education Official Site. 2017-11-06. 2020-01-30. https://web.archive.org/web/20200130180808/http://english.hongen.com/html/about_us/gongsigaikuang/. dead.
2. Web site: Perfect World founder submits an offer take the company private. Venture Beat. en.
3. Web site: Perfect World Agrees to Go Private. The Wall Street Journal. en.
4. Web site: 2016 Film & Game Merging Entertainment Research Report. Sohu News. zh-CN.
5. Web site: Chi Yufeng: Chairman of Hongen Software. Sina News. zh-CN.
6. Web site: Chi Yufeng:Most Influential Individuals in Chinese Game Industry. Tengxun Games. zh-CN.
7. Web site: 2007 Most Influential Individuals in Chinese Game Industry. Tengxun Games. zh-CN.
8. Web site: 2008 Most Influential Individuals in Chinese Game Industry. Sina News. zh-CN.
9. Web site: 2009 Most Influential Individuals in Chinese Game Industry. Sina News. zh-CN.
10. Web site: 2010 Awards list in Chinese Game Industry. 163 News. zh-CN.
11. Web site: The best 20 Influential Individuals in Global MMO Games area. China.com. zh-CN. 2017-11-06. https://web.archive.org/web/20171107021658/http://game.china.com/industry/news/11011446/20110329/16455975.html. 2017-11-07. dead.
12. Web site: 2013 Persons of the Year for China's Culture Industry. Guangming Daily. zh-CN.
13. Web site: 2016 Chinese Business Figures of the Year has been announced. https://web.archive.org/web/20161220122329/http://news.xinhuanet.com/newmedia/2016-12/14/c_1120115027.htm. dead. December 20, 2016. Xinhua.net. zh-CN.