Genshin Impact Creator miHoYo Hits $23 Billion Valuation

miHoYo, the creator of Genshin Impact, has achieved a valuation of $23 billion, signifying its remarkable growth in the entertainment industry. The company has expanded globally with the launch of its subsidiary, Hoyoverse, while maintaining its original name in China. The banner mechanic

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miHoYo, the creator of the popular game Genshin Impact, has made a significant achievement by reaching a valuation of $23 billion according to a recent revenue report. This milestone underscores the company's remarkable growth and success in the entertainment industry.


In February 2022, miHoYo took a major step towards global expansion with the launch of its subsidiary, Hoyoverse. This strategic move aimed to encompass the developer's diverse entertainment ventures beyond gaming. While embracing a global identity with Hoyoverse, the company retains its original name in China, reflecting its roots and heritage.


The banner mechanic in Genshin Impact has been instrumental in driving the game's revenue. This feature enables players to pull for characters and weapons during limited-time periods, serving as the primary source of income for the game. The latest update, version 4.5, introduced the captivating five-star geo character, Chiori, alongside the compelling addition of Arataki Itto, offering players new experiences and enhancing the game's appeal.


miHoYo's remarkable achievement in reaching a $23 billion valuation demonstrates its position as a leading player in the gaming and entertainment industry, paving the way for continued success and innovation.


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