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Monday, July 16, 2007

Young millionaire gains his wealth via making online games

Chinanews, Shanghai, July 16 - Peng Haitao, 23, was the president of Chengdu Aurora Technology Development Co. Ltd. Now, via selling his company to Shanda Entertainment, he has acquired a fortune of some 100 million yuan. Peng himself has become a pop idol to many other young people of his age in China.
Peng suspended his studies in Sichuan University to start his career 5 years ago, which was a similar beginning of many successful people's stories in the IT industry. In 2003, Peng founded Aurora with 1 million yuan funded by his family. Two years later, Legend Online, the first 3D MMORPG made in China, was completed. JHPOP, a famous software publisher, bought the publishing right of the game at 20 million yuan.
In November 2005, Legend Online was selected as one of the recommended games of the Ministry of Culture, and also the first game made in China on the list. Currently, there are more than 1.5 million active players of Legend Online, while more than 6 million people have registered.
On July 5, Shanda Entertaiment bought Aurora at 100 million yuan.
"I am not good at running business. I would rather develop codes," said Peng.
Peng's development team will be kept when the two companies are reorganized after the acquisition.

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