Hua Yong, chairman of IT support firm Hangzhou Shunwang Technology, has become China’s latest tech billionaire. Hua founded Shunwang Technology in 1995 as an Internet café software supplier. Customers today include online game businesses and other entertainment companies. Hua owns 44% of Shunwang, a stake worth more than $1.2 billion at last Friday’s closing price of 71.6 yuan at the Shenzhen Stock Exchange. Its shares have gained more than 220% in the past year amid an overall rise in China’s share prices. Gao Yugen, chairman of Shenzhen-listed Suzhou Victory Precision Manufacture, has also made it into the world’s billionaire ranks. Victory is a supplier of metal components whose clients include Samsung, Sharp, Sony and Lenovo. Gao owns 31% of Victory, a stake worth more than $1.1 billion at last Friday’s closing price after discounting for collateralized shares. China had a record 355 billionaires on the 2015 Forbes China Rich List published last month. The country has been one of the world’s fastest-growing sources of new billionaires in the past decade. Click here for more details about the 2015 Forbes China Rich List.