Genshin Impact Developer Mihoyo Valued At $23 Billion

The tenor of conversations around mobile and gacha games has shifted over the years. Though they were first met with derision for the widespread perception that they were cheap and inferior knockoff games, not to mention predatory due to their various mechanics and features often being closely tied to microtransactions, more people than ever are now playing mobile games, and they are a huge source of the industry’s capital.

Not only is it the biggest privately owned game company on the ranking, it is the 12th highest-valued company on the entirety of the list. The next-biggest privately owned game company is Niantic, the developers best known for Pokemon Go, which is several positions below Mihoyo at 67th. To give you an idea of the world of difference between them, Niantic was valued at $9 billion.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Developer agrees to use alternate road in Taman Perdana, says Dr WeeThe European Union is cracking down on big tech's unfair practices and requiring that companies like Apple, Google and Meta ensure that rivals have a chance to compete and that users aren't forced into using one kind of app or service
Source: staronline - 🏆 4. / 75 Read more »

Nvidia AI developer conference kicks off with new chips in focusKUALA LUMPUR: Google Malaysia has issued an apology for the erroneous US Dollar-Ringgit (USD-MYR) exchange rate published on its finance page.
Source: staronline - 🏆 4. / 75 Read more »

Chinese developer Country Garden says expects to suspend HK stock listingBEIJING, March 28 — Major Chinese property developer Country Garden expects to suspend trading of its Hong Kong-listed shares, the company said in a filing today, highlighting...
Source: malaymail - 🏆 1. / 86 Read more »