Peng Haitao: How Did You Become A Billionaire At The Age Of 23?

At 21 o'clock in July 5, 2007, Shanghai Shanda Network Development Co., Ltd. (hereinafter referred to as Shanda) announced that the acquisition of multi player online game company, Chengdu Jintian Technology Development Co., Ltd. (hereinafter referred to as Kam Tin Technology).

The acquisition funds amounted to 100 million yuan.

This means that Peng Haitao, who is only 23 years old, has become China's newest billionaire.

However, the timing of the acquisition is relatively short in the grand acquisition negotiations.

According to "IT Time", the grand takeover target is 100% of Kam Tech's shares and Jintian technology research and development team.

This shows the urgent need for all of us to have Jintian technology.

With the purchase of a high price, the young boss of the company stepped into the ranks of billionaires and attracted the envy of everyone.

But what people are more interested in is what kind of company is Jintian technology. Let Chen Tianqiao have such a high evaluation? How can Peng Haitao, a young boss of Jintian technology, achieve such a wealth dream? "IT Time", director of the 19 year old company, understands that Jintian technology is the developer and operator of a large multiplayer RPG online game.

In 2005, Jintian technology developed the legend Online game after 3 years of production. It was then purchased by Beijing Jinghe times Software Technology Co., Ltd. at a price of 20 million yuan.

At that time, the industry was surprised to find that the chairman of the company that made the online game was a 21 year old Chengdu guy. Peng Haitao, chairman of Jintian technology, was born in Chengdu, Sichuan, in 1984.

This young man who has been evaluated by CCTV "Orient time and space" as "Chinese version of Gates", who would have thought that he was a child obsessed with games when he was young? In an interview, Peng Haitao told this reporter that he was fascinated by Nintendo's black-and-white game machine in grade three or four of primary school, and was very famous in his classmates.

In high school, in the Internet cafe and South Korean game master test, in addition to sleep for 8 hours, he can not move.

In 2002, he won the first prize of "crazy tank" in a game competition in Chengdu, and won a prize of 8000 yuan at the same time.

Peng Haitao, a little outsider who seems to be a bit of a playboy, has long been a man of character, perseverance, talent and limitless prospects.

In the process of playing games, he was dissatisfied with the defects in many games, and the solution was to make his own game. During his one year study at the network College of Sichuan University, he tried to design two or three casual games himself, which was praised by many industry friends.

One year later, Peng Haitao, 19, proposed to suspend his studies and start a business in a journey to Peng Guoquan, his father. His father not only promised, but also offered a start-up fund of 1 million yuan.

In order to form a team, he first dug away two technical backbone Wang Jing and Jia Tao of Chengdu's "Golden Point studio", then Zhao Zhiming, a game designer from Nanchong, was also involved in the establishment of the four core team.

In order to invite two outstanding game designers, Peng Haitao also followed the two game ghosts who did not join the team to investigate the game market in Shanghai and Beijing.

Peng Haitao, who is now the chief technology director of Jintian technology, told this reporter: "I have worked for several companies. Unlike other bosses, he is persistent and dedicated to games, sincere and uninterested.

And our goal is consistent, is to create a game recognized by the players, create an excellent team to make games, do their own games.

In the eyes of Wang Jiang, Peng Haitao did not look like a wealthy family at all. Besides games, he had almost no hobbies and pastimes.

They usually spend little money and dress simply.

And it's crazy to work.

During the critical period before the game, Peng Haitao stayed in the company for two months, but he didn't return home.

"When the company was founded in September 2003, the staff and I had 4 people, the average age was 20 years old. Only 1 million yuan was supported by my father's loan, plus a 45 square meter office and 6 computers, which constituted the whole company."

Peng Haitao recalls.

After a lot of hard work, they announced the first stage product, Highway high-speed full 3D real-time network game engine.

The technical content and originality of the game engine show that Peng Haitao's vision is ahead of the industry level.

At that time, the popular online games, including grand legend 2, were basically 2D products.

Fan Xianghui, vice president of Beijing legend era Software Technology Co., Ltd., told the IT Time: "the most valuable part of the legend is that it has completely independent intellectual property rights. It is the first self developed 3D game engine in the country, and its significance is no less than that of the first domestic car engine."

In fact, the core technology of online games is the engine.

In the development of online games, the game engine determines the final appearance of the product.

"If we want to take the third step, we must get a breakthrough in engine technology, solve similar problems and surpass our competitors."

Grand CEO Tang Jun emphasizes to this print journalist.

It is Jintian technology's success in the game engine technology that makes the grand heart palpitate.

Tang Jun said, Shanda will not only focus on front-end product development, but also conduct more forward-looking research.

It is undoubtedly a good way to buy some enterprises that have been on the road of independent research and development.

There is another reason behind the value of Jintian science and technology, that is, it has an enviable government relationship network behind it.

"In April of this year, Zhu Haifa of the grand Ministry of investment came to see me with a colleague. We chatted for a while, only talking about cooperation."

Peng Haitao disclosed that although the original intention of the two sides was only cooperation at the time, with the frequent contacts, the content of the cooperation negotiations became unconsciously.

"Later on, on the premise of reservations for R & D space, I made a grand offer to buy Jintian and take charge of Jintian's operation. This idea is very consistent with my idea at that time, so we soon reached a tacit understanding."

A person close to Jintian science and technology says that if Peng Haitao is willing to turn himself into another "Chen Tianqiao", it is not impossible to create a "small grand" in the southwest.

But this is also a big worry.

However, Peng Haitao did not want to be the second "Chen Tianqiao".

He said he chose to sell Jintian directly instead of using venture capital to make the company bigger because he only wanted to focus on R & D, and the daily operation and management of the company had made him "very big".

It is the hidden wealth behind Jintian science and technology.

After the completion of the acquisition, as a new stronghold in Southwest China, Jintian technology is still self financing and independent operation, and it can still maintain the stability of the team spirit at present.

The team has their own operation strategy, which is a saving for the grand operation cost. Once the better game is developed, it is entirely possible that these autonomous games will be used as the quick money maker in the future.

It is understood that southwest China is a very important area of online games in China.

Although the per capita consumption power is lower than that of other places, because of the large population and comfortable life, the number of players is several times that of the eastern provinces.

Therefore, this is the most important part of the grand future market.

Peng Haitao dares to drop out of school at the age of 19 and develop games, not ordinary people.

His father, Peng Guoquan, is a real estate tycoon in Chengdu and has a very deep government background in the southwest.

Jintian has a high market share in the southwest, and even received a lot of government support. Many aspects are also green in policy. "

Insiders commented.

This person also believes that the grand acquisition of Jintian technology is equivalent to cutting into the southwest government relationship.

This government relationship is immeasurable if it is based on the grand experience.

Although the company is not very big, the government relationship network at hand may be the resource that the company wants to buy.

And this resource is very important for the grand strategy to seize the southwest market share.

The 23 year old billionaire was created by the unique vision of the industry.

Jintian technology is its own, but now it is grand.

It is a sign that online games are moving towards a civilian era. From a less famous company to a star enterprise of concern, the success of Jintian technology indicates that online games are entering a populace era.

Anyone who is creative can succeed.

Chen Tianqiao, who calls himself the first generation of online games, said there were many new online games in 2006. The performance of the two generation of online games such as Peng Haitao is even better than that of grand companies such as Shanda.

Chen Tianqiao believes that this is the first generation of online games that have been bigger, and abandoned the game as a creative industry, the characteristics of the participation of all the people.

To this end, Shanda will launch 3 plans to find a new generation of game people and game works.

Shi Yuzhu, chief executive of the journey network, complained to IT Time that it is difficult to find excellent research and development talents. "I once ordered the personnel department to reward 10 million yuan for those who find good talents, but even if they do not find excellent talents,"

But Shi Yuzhu said that despite the lack of R & D talent, there is no shortage of marketing talents.

It is reported that the number of Chinese online game users has reached 31 million 120 thousand last year, an increase of 18.5% over 2005. It is estimated that by 2011, China's online game players will reach 44 million 780 thousand.

The industry believes that diversification of China's game industry will enable different game companies to have more room for innovation.

China's game companies also need to have an international perspective and not only focus on short-term interests.

Peng Haitao is one of the few young talents in the online game world. But predictably, Jintian technology will not be the only special case. The future online game world will be wonderful because of these fast growing stories.