At the age of only 55, suddenly ill! Famous Entrepreneur's Death Director | NetDragon | Disease
On the afternoon of June 9th
Hong Kong listed company NetDragon Network Company
Announce that
Zheng Hui, Executive Director of the Company
![At the age of only 55, suddenly ill! Famous Entrepreneur's Death Director | NetDragon | Disease](https://a5qu.com/upload/images/73ed438aa29df4f73eed9c09ff1adc47.jpg)
Passed away on June 7th
Official official account of NetDragon
An obituary was also issued on the same day
Fujian Netlong Computer Network Information Technology Co., Ltd
![At the age of only 55, suddenly ill! Famous Entrepreneur's Death Director | NetDragon | Disease](https://a5qu.com/upload/images/71372ca34c1d14e61476ba122eec8d1b.jpg)
Zheng Hui, Secretary of the Party Committee and Chairman
Died of a sudden illness on June 7, 2023
At the age of 55
Zheng Hui was once rated
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"Excellent Entrepreneurs in China's Game Industry"
According to the official website of Hong Kong listed company NetDragon, Zheng Hui is the executive director of the company, responsible for the overall management of the group. Zheng Hui has over 20 years of management and administrative experience, providing logistical support for the operation of the group and coordinating, supervising, and managing the responsibilities of various departments. Zheng Hui is one of the founding shareholders of the company.
Public information shows that Liu Dejian, the chairman of NetDragon, is Zheng Hui's cousin. Liu Dejian graduated from the University of Kansas in 1995 with a Bachelor's degree in Chemistry. While studying in the United States, Liu Dejian felt that Internet technology and concepts were about to change the world. After graduation, Liu Dejian returned to China to establish Fujian NetDragon Computer Network Information Technology Co., Ltd.
Zheng Hui was awarded the title of "Outstanding Entrepreneur in the Chinese Game Industry" in 2016, 2017, and 2018, and was named one of the "First Batch of Cultural Masters" in Fuzhou City in September 2018. Since 2016, he has served as the Secretary of the NetDragon Party Committee. In 2018, he was awarded the "Golden Goose Award" for non-public party building, and in 2019, he was awarded the title of Outstanding Party Worker in the City. In 2020, he was nominated as a "Leading Figure in Digital Economy Party Building". Zheng Hui holds 0.28% of NetEase's shares, with a market value of approximately HKD 22.712 million.
![At the age of only 55, suddenly ill! Famous Entrepreneur's Death Director | NetDragon | Disease](https://a5qu.com/upload/images/4575f8788f88c99da8901451cf8dd2a0.jpg)
NetDragon Network Development
Popular online games such as "Demon Realm" and "Conquest"
NetDragon Network was established in 1999, with its headquarters located in Fuzhou, Fujian. NetDragon is a Chinese online game developer, operator, and publisher, and has created a well-known online game portal -17173.com; We have independently developed multiple online games such as "Magic Domain" and "Conquer". Our current products cover game markets in over 180 countries across 11 language regions, including English, French, Spanish, and Arabic.
According to the 2022 annual report, the company's operating revenue was 7.866 billion yuan, a year-on-year increase of 11.80%, of which 3.4 billion yuan came from the gaming business; The net profit attributable to the parent company was 834 million yuan, a year-on-year decrease of 21.47%. As of the end of last year, the company's total assets amounted to 11 billion yuan.
![At the age of only 55, suddenly ill! Famous Entrepreneur's Death Director | NetDragon | Disease](https://a5qu.com/upload/images/8b0a1305260e85ea510511a6c0e047fc.jpg)
Among multiple games, the Magic Domain series performed the most eye-catching, with a total annual revenue of nearly 4 billion yuan in 2022. The average monthly revenue reached 333 million yuan.
In addition, NetDragon has also been included in the Hang Seng Composite Large and Medium Stock Index and Hong Kong Stock Internet ETFs, Shenzhen Hong Kong Stock Connect and Shanghai Hong Kong Stock Connect constituent stocks. NetDragon currently has approximately 5100 employees and has been awarded the "Outstanding Employer" award twice by Fortune magazine.
NetDragon announced on March 27th that as of December 31, 2022, the company has achieved outstanding performance, with revenue increasing by 11.8% year-on-year. The company is committed to improving the ability of educators to transform, learn, and collaborate, in order to consolidate its leadership position in the global market. The education business revenue increased by 34.2% year-on-year, reaching a historic high of RMB 4.3 billion. The cash flow from operating activities was RMB 1.1 billion, a year-on-year increase of 4.2%.
Netizens mourn
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