miHoYo

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miHoYo Co., Ltd.
Native name
米哈游网络科技股份有限公司
IndustryVideo games
FoundedFebruary 13, 2012; 9 years ago (2012-02-13)
FoundersCai Haoyu
Liu Wei
Luo Yuhao
Headquarters,
Number of locations
1
Key people
Liu Wei (CEO, Director and Co-Founder)
Cai Haoyu (President, Chairman & Co-Founder)
Luo Yuhao (Vice president & Co-Founder)
ProductsHonkai series
Genshin Impact
Tears of Themis
ServicesVideo Games
Total assets$249 million
Number of employees
2400 (2021)
SubsidiariesShanghai miHoYo Phantom Iron Technology Company Limited (Chinese: 上海米哈游影铁科技有限公司)

Shanghai miHoYo Schicksal Technology Company Limited (Chinese: 上海米哈游天命科技有限公司)

Cognosphere Pte. Ltd.[1]
Websitewww.mihoyo.com
miHoYo Co., Ltd.
Simplified Chinese米哈游网络科技股份有限公司
Traditional Chinese米哈游網絡科技股份有限公司

miHoYo Co., Ltd. (Chinese: 米哈游; pinyin: Mǐhāyóu) is a Chinese video game development and animation studio based in Shanghai, China. Founded in 2012 by three students from Shanghai Jiao Tong University, miHoYo currently employs 2,400 people.[2][3]

The company is the creator of Genshin Impact, an open-world action role-playing game released in 2020, and one of the highest grossing mobile games. miHoYo has also developed the games Houkai Gakuen 2 and Honkai Impact 3rd.

miHoYo additionally operates under two other companies - Shanghai miHoYo Phantom Iron Technology Company Limited (Chinese: 上海米哈游影铁科技有限公司), which manages their websites, advertising, publication, licensing, telecommunications, etc. and Shanghai miHoYo Schicksal Technology Company Limited (Chinese: 上海米哈游天命科技有限公司). Both of these company names are references to their own game, Honkai Impact 3rd.[4]

The controlling shareholder, actual controller, Chairman and President of miHoYo is Cai Haoyu, the Director and CEO is Liu Wei, and the vice president is Luo Yuhao.[2][5]

History[edit]

The company was founded in 2012 by three students from Shanghai Jiao Tong University, who decided to develop games based on their love of anime. A year prior, the students had developed FlyMe2TheMoon.

The founders of miHoYo, Cai Haoyu, Liu Wei, and Luo Yuhao are classmates of Shanghai Jiaotong University. In February 2012, three students who were still students and another classmate Jin Zhicheng jointly funded the establishment of miHoYo. But one month after the company was founded, Jin Zhicheng quit the company because he got an offer from Cisco China. After several years of development, in the first half of 2017, miHoYo achieved a net profit of 440 million RMB.[2]

Currently, the controlling shareholder and actual controller identified by miHoYo is Cai Haoyu, who directly or indirectly controls 41.72% of the company's shares. The other two founders, Liu Wei and Luo Yuhao, are the company's second and third largest shareholders, respectively, and they directly or indirectly control 44.78% of the company's shares. All three are company directors.[6]

Their first notable title was Guns Girl Z (then renamed to Houkai Gakuen 2), released in 2014.[7] Since then, they have seen success releasing anime-style games that primarily appealed to mobile gamers. The majority of their early titles were successful within Asia, however they would not reach global success until the release of Honkai Impact 3rd.[8]

Their most popular game is Genshin Impact, released in September 2020.[9]

Their most recent game is Tears of Themis, released world-wide in July 2021,[10] but has been available in China since 2020.

miHoYo got an official promotion to a Chinese Communist Party party committee on the 24th of September 2021.[11]

Controversies[edit]

In April 2021, police in Shanghai arrested a man armed with a knife who reportedly planned to assassinate miHoYo's founders. He was said to have been upset about changes to the game Honkai Impact 3rd. This came after miHoYo experienced a backlash by some Chinese fans who were angry that the global version of the game received an exclusive bunny girl & gambling-themed music video and game story as part of a collaboration with MYTH & ROID but not the Chinese version of the game; they considered this disrespectful to Chinese players since the content is not playable in the Chinese servers and the same music video was posted on other servers except CN. miHoYo subsequently issued a public apology and removed the music video from their YouTube channel.[12]

Games developed[edit]

Year Title
2011 FlyMe2theMoon[13]
2012 Zombiegal Kawaii
2014 Houkai Gakuen 2
2016 Honkai Impact 3rd
2020 Genshin Impact
2021 Tears of Themis
TBA Honkai: Star Rail

References[edit]

  1. ^ "Mihoyo has a new proxy publishing label called Cognosphere Pte. Ltd. Don't be alarmed if you see a different name under your billing history". Reddit.
  2. ^ a b c "《原神》日均吸金超600万美元 开发者米哈游会再谋上市吗?" [Genshin Impact's average daily earnings is more than $6 million, will its developer miHoYo seek another opportunity to be listed on the market?]. Securities Times (in Chinese). Retrieved January 1, 2021.
  3. ^ Huang, Zheping (February 23, 2021). "Hit Game Genshin Impact Helps Chinese Studio Double Its Sales". Bloomberg.com. Retrieved February 25, 2021.
  4. ^ "关于公示2021-2022年度国家文化出口重点企业和重点项目名单的通知(项目第49项)" [Notice on the Announcement of the List of Key National Cultural Export Enterprises and Key Projects for 2021-2022 (Item No. 49)]. www.mofcom.gov.cn (in Chinese). Ministry of Finance of the People's Republic of China. July 28, 2021. Retrieved August 1, 2021.
  5. ^ Ye, Josh (October 13, 2020). "How Genshin Impact's Chinese creators built its success on otaku love". South China Morning Post. Retrieved August 25, 2021.
  6. ^ "一款游戏独撑业绩,涉黄、无证经营遭罚,米哈游IPO要"崩坏"?" (in Chinese). Archived from the original on April 29, 2018. Retrieved April 28, 2018.
  7. ^ Ye, Josh (October 13, 2020). "How Genshin Impact's Chinese creator miHoYo found success with otakus willing to 'pay for love'". The Star. Retrieved November 8, 2020.
  8. ^ Ye, Josh (December 5, 2018). "This hit anime schoolgirl game looks Japanese, but it's from China". South China Morning Post. Retrieved November 8, 2020.
  9. ^ Huang, Zheping (November 6, 2020). "China's Genshin Impact Is Racking Up Big Sales". Bloomberg News. Retrieved November 8, 2020.
  10. ^ "Tears of Themis English Release Date Set for the End of July 2021". Siliconera. July 16, 2021. Retrieved August 2, 2021.
  11. ^ "中国共产党上海米哈游网络科技股份有限公司委员会党员大会顺利召开!" (in Chinese). Archived from the original on September 25, 2018. Retrieved September 30, 2018.
  12. ^ "Man Arrested For Allegedly Attempting To Assassinate Genshin Impact Studio Founders". GameSpot. Retrieved April 26, 2021.
  13. ^ Hestad, Ben (October 9, 2020). "Who Exactly is Genshin Impact Developer miHoYo?". Gamezo. Retrieved November 19, 2020.

External links[edit]