Genshin Impact’s MiHoYo is so rich, it invested in a rocket
Paimon to the moon!
Chinese video game company miHoYo (which has since rebranded to HoYoverse) has been grossing millions of dollars every year from their populargachagame,Genshin Impact.
Making a fortune, the company recently invested in private rocket company Orienspace.
Orien Space Shandong Technology is a startup space launch company founded in 2020. The firm aims to launch a series of rockets into space, starting with their Gravity-1 (Yinli-1) rocket in 2023.
MiHoYo funds new Chinese rocket company Orienspace
Other investors include Hike Capital, a venture capital, investment firm Minyin International, and other multinational financial companies.
The developergenerates an average of US$1 billionevery six months across the App Store and Google Play stores, all thanks to their highly addictive action role-playing game game, Genshin Impact. In 2022, the open-world title alone amassed a whopping US$3 billion in mobile sales.
Previously, the Shanghai-based company led the first financing round of Energy Singularity, contributing US$65 million to the nuclear fusion technology company.
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