Did miHoYo leave China?
In July 2022, HoYoverse, a global publishing subsidiary of miHoYo, announced the opening of its new headquarters in Jurong East, Singapore. This move has raised questions about whether miHoYo has left China or not. In this article, we will explore the situation and answer the question in a straightforward manner.
Yes, miHoYo is still in China
Contrary to the rumors and speculation, miHoYo has not left China. The company’s headquarters are still located in Shanghai, China, and it is still a Chinese company with strong ties to the Chinese gaming industry.
International expansion
However, miHoYo has been expanding its operations globally, establishing offices and subsidiaries in different regions. This move is a strategic one, aiming to tap into new markets, develop a global gaming ecosystem, and increase revenue streams.
Singapore’s importance
The establishment of HoYoverse in Singapore is a significant move for miHoYo, as it will serve as a hub for global content production, technology research, and publications. Singapore offers a favorable business environment, tax incentives, and access to a diverse talent pool, making it an ideal location for the company’s international expansion.
Other subsidiaries and offices
MiHoYo has other subsidiaries and offices around the world, including the United States, Japan, and Taiwan. These offices are primarily responsible for publishing, localization, and customer support.
Key statistics
- 73rd place: miHoYo’s Cai Haoyu ranks in the 2022 New Fortune 500 Rich List, indicating the company’s significant wealth and resources.
- 4.8 million: The monthly active user count for Genshin Impact, indicating a strong and dedicated global fan base.
- 11.90%: The percentage of Genshin Impact users in the United States, highlighting the game’s popularity in Western markets.
Conclusion
In conclusion, miHoYo has not left China and is still a significant player in the Chinese gaming industry. The company’s expansion into international markets and the establishment of HoYoverse in Singapore demonstrate its commitment to global growth and diversification. The question of whether miHoYo has left China remains an urban legend, as the company continues to thrive and expand in both its domestic and international markets.