Pursuits

Kunlun Tech Chairman Zhou Becomes New Billionaire After IPO

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By Jill Mao

February 3, 2015 at 7:16 AM UTC

Updated on

February 3, 2015 at 8:29 AM UTC

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Zhou Yahui, chairman and president of Beijing Kunlun Tech Co., became a billionaire after shares of the Internet video game developer more than doubled since its trading debut two weeks ago.

Zhou, 37, has a $1.7 billion fortune, according to the Bloomberg Billionaires Index. The stock surged by the 44 percent stock exchange limit at its trading debut on Jan. 21, and climbed by the maximum daily price increase of 10 percent for nine straight days.