Cai Haoyu

Cai Haoyu (; born 1987) is a Chinese entrepreneur and game producer. He is the co-founder, chairman and president of the Chinese game company miHoYo. The Chinese magazine '' New Fortune'' ranked Cai in 73rd place on the "2022 ''New Fortune'' 500 Rich List" that ranks the 500 richest people in China.

Early life

Cai was born in Jinan, Shandong, in 1987. His parents, who both work as computer subject-related instructors, began teaching him about computers after noticing his interest for it beginning when he was five years old and his aptitude for it. In 1995, Cai received second place in the animation category in the youth division of the National Computer Competition. In 1996, he received the "Top Ten Teenagers in Tianqiao District, Jinan City" award. In 1998, his "Alien Envoy" () and "Blue-Eared Spaceship" () submissions received second place in the animation category in the youth division of the National Computer Competition. In February 1999 when he was 12 years old, he was elected to the Chinese Youth Academy of Sciences in the first group of junior academicians chosen. He said in an interview, "The computer is not a dead thing. It changes all the time. I have to keep learning to keep up with it."

He is from a business family background, which influenced him as a youth to "conduct business". Cai bought Xiaolingtong cordless telephones for cheap and sold them at a profit when he was in junior high school and sold watches in high school. When he reached college, he speculated in stocks, which allowed him to make over (US$) in a month.

Cai attended Jinan Baliqiao Primary School (), Jinan Foreign Language School, and Shandong Experimental High School. Shanghai Jiaotong University admitted him as a student in 2005. He was a computer science master's student and received a master's degree from the university.

Career

At Shanghai Jiaotong University, he became roommates with Liu Wei and Luo Yuhao. He and his roommates became drawn to the ACG subculture of animation, comics, and games. In 2009, they made video games with ACG as the theme including as their graduation project. Cai started making his first game ''FlyMe2theMoon'' in 2010. Two years later, it received its first and only angel investment worth 1million RMB. After that, he started to work on ' (''Guns Girl Z'') as the production director.

Cai and his roommates secured a (US$) grant from the Shanghai Technology Innovation Center's Eagle Program. In January 2011, using the grant, they established miHoYo in a university dormitory while they were second-year graduate students. It began as a literary open source community. Cai is the chairman of miHoYo, which by 2021, made over ¥10billion (US$1.4billion) in revenue. ''Chinese Business Strategy'', a media company that profiles businesspeople, said Cai "tends to think intuitively, is responsible for business strategy decisions, and is meticulous about affairs management".

In May 2022, '' New Fortune'', a Chinese magazine, published the "2022 ''New Fortune'' 500 Rich List" ranking the 500 richest people in China. Cai Haoyu made his first appearance on the list in 73rd place at ¥56billion (US$8.7billion). Of the first 100 people on the list, he was the only person who made the list through being a video game entrepreneur. He is the richest person in Jinan.

References

External links

Official website

{{DEFAULTSORT:Cai, Haoyu
Businesspeople from Shandong
People from Jinan
Shanghai Jiao Tong University alumni
1987 births
Living people
Video game producers