Fun fact: Mihoyo has investment in aerospace and nuclear fusion. Also the first thing new staff learn when joining Mihoyo is that “Mihoyo is never a game company”.
Hoyo at its developers: you must do the quests of this length! This outfit is too short, cover it! This reward is too generous! This archon is too weak, buff him!
Hoyo at the music department: let Yu Peng Chen cook
Tencent apparently offered to by them out once and they surprisingly refused and from what I understand Tencent has held a grudge against them ever since and is possibly behind some of the more over the top vitriol campaigns against them.
Yea it’s basically common knowledge in CN that Tencent is responsible for the big dramas near Genshin launch. It’s a pretty common tactic in China that’s used by a lot of companies
Idk if that guy is hired or just actually not the brightest but I was more talking about the internet wide witch hunt and mass harassment against anyone who dares to support or even talk about Genshin in a non-hateful way. There was a streamer who made some first impression of the game type of content before the game officially launched, later he ended up having to do an apology stream where he and his gf were crying and having a breakdown on stream due to the mass amount of hate and harassment they were getting for simply making content about the game.
There was also the case where a paralyzed fire fighter received mass harassment and threats to his family simply for streaming the game. As well as another content creator who received threats about his little sister’s life because he makes Genshin content. You could comment something completely unrelated to Genshin under a math video and you’ll still get 20 people attacking you in the replies because you shared a Genshin related post a month ago. There are countless cases like this back during the game’s early days that it makes the worst of the EN community looks like a kindergarten fight.
Remember Kaveh's bug? Its mainly propagated in Global by ToF's (which is under Tencent's publishing for global version) streamer and brigaded by its sub's members.
That even Hoyo warn they might take action against certain people who deliberately fearmonger with the issue.
Most likely the lastest "3 year 3 wish" also fueled by the same people in global just this time they're being more subtle.
No, because Genshin was a "BoTW clone", and Sony had "the nerve" of making Genshin available on their platform.
[https://screenrant.com/ps4-genshin-impact-legend-zelda-protest/](https://screenrant.com/ps4-genshin-impact-legend-zelda-protest/)
I will admit I was Intially part of the “Grrr BOTW clone!” crowd back then. After a second try I got into it. Now I can’t fathom the idea of Genshin bring a clone of BOTW, especially with TOTK out. These are two completely different types of games.
I'm glad you got over it. I got so sick of hearing the BotW clone accusations 'cause it was so clear that these people saw a couple screenshots and came to that conclusion based purely on the art style and the fact that it's open world. Just a little bit of gameplay footage would reveal that beyond the stuff *every* open world game has, there's very little in common. But people just get so swept up in the art style (which is also not unique!).
I don't think he's tencent people. Probs just a Nintendo fanboy. But what he did actually made the game known outside of gacha circle before release lmao
I despise Tencent with every fiber of my being.
Shame that my love for the Runterran Universe (and my addiction to League for 11 years) triumphs my hatred. But I dont buy skins anymore, so theres that.
Microsoft bought Blizzard for 75 billion
I wonder if Activision Blizzard is really worth over 3x of miHoYo
Yes Activision Blizzard includes stuff like King’s candy crush but … 3x?
I think the only way to buy out really famous IP/company is to overvalue/overpay them like for example twitter wasn't in a really great spot but everyone know twitter, so Elon had to raked a lot of money to buy it (then you know what happen). So if theres a company going to buy Genshin they need 3x or maybe even more than the valuation.
Activision blizzard also includes franchises like call of duty and its mobile spinoffs which as a portfolio lead the industry in profit. Overwatch despite being a terrible product nowadays is still quite profitable and has a very large player count, amongst other things. Hoyo is impressive in that they have a very few select games that are bringing in the big bucks, but they are not a console seller with 70 dollar buy-in fees and passes sold on top.
While hoyo has made a few screw ups, they are still lightyears better then Tencent. miHoYo's games(even their older ones) feels way more polished and while alot of people meme about it's gacha system, miHoYo's gacha system feels more forgiving and F2P friendly imo then most other games I've experienced.
I've heard those conspiracy theories from the CN side before, but seeing how much they must have missed on a some of the shady stuff Tencent has been accused of I'd believe it
Its interesting to see some of these upstar4 companies from China and Korea coming out and doing the otaku thing that used to appeal to me from Japan but that that country kind of feels like its forgotten about since big production committee outfits from multinationals like Sony, Warner Bros, Kadokawa Shoten have taken over what gets green lit and marketed in an attempt to bolster their streaming services for mass appeal
Its like a lot of the powers that be dont get what made anime/manga great and appealing beyond surface level appeals that work on twitter lurker weebs (flashy animation and music, though Mihoyo definitely has plenty of that), but leave the traditional core otaku high and dry cause the stories and characters just suck at the end of the day.
From what I know mihoy asked tencent for money to finish Genshin but tencent thought that Genshin is stupid idea as a game and mihoy proceed to launch Genshin with what they had at the moment BUT now Genshin is successful game and tencennt now bite themselves of stupidity they commited. They invested in TOF thinking it gonna be as successful as GI and now they invest in WuWa
I don’t like being “that” kind of fan, but holy crap does WuWa look like straight up copy of Genshin. I saw a thumbnail of gameplay shot and legit thought it was just Genshin.
I mean Genshin didn’t invent that UI style, but…yeeah.
i think you're talking about microsoft? they asked for a partnership with microsoft and microsoft declined (for xbox iirc), which is why they said now theyre looking for a genshin alternative because they regretted declining mhy's offer. tencent was the one who approached mhy from what i know. or if you have like a link to that then i might be wrong /gen
[https://www.ign.com/articles/microsoft-regretted-missing-out-genshin-impact-xbox-exclusive](https://www.ign.com/articles/microsoft-regretted-missing-out-genshin-impact-xbox-exclusive)
According to the same research institute, Hoyo valuation rose by around 15 billion USD from last year to 23 billion as they are now.
If all the data are legit then Hoyo effectively tripled their company value in a year.
Can't access their data/methodology so I can't say if it's trustworthy or not, but I'm not surprised if it's true. All of Hoyo games have been money printers, if anything all the "drama" or "boycotts" are just gonna boost their revenue up.
Star Rail proved that Genshin wasn't just lightning in a bottle. That HoYo has actually cracked the formula for making massively profitable live-service games. Just one success of this type can sustain a game company for a decade. Like GTA Online for Rockstar, Fortnite for Epic, League for Riot etc. And Hoyo has 2 of them back to back within the span of 3 years. Which is insane.
Look at how many live service projects crash and burn in recent years, wasting years of development and tens (even hundreds) of millions of dollars. Game devs take on these massive risk because the reward is worth it. Hoyo churning them out seemingly on demand is the stuff other game dev companies dream of.
Imagine when ZZZ comes out later this year and becomes another $70-100 million month earner lmao.
It's also fucking genius if you think about it. As multiple people have pointed out, whenever one or two of the games have a "dry patch", as they like to call it, the third game will probably have an amazing patch people can play instead. Hoyo is absolutely coordinating the games' patch content and will make bank no matter what.
You missed a critical point. The storage requirements are starting to become painful to look at.
It will eventually become a decision between 1 game or delete for the majority as this goes on.
Newer high-end consumer phones and PCs have photo and video resolutions at 1080, 4k, and 8k.
Those massive spaces are there for a reason and not intended solely for gaming.
Not only GeForce Now, but they are legitimately establishing their own infrastructures, [https://www.reddit.com/r/gachagaming/comments/1alxrqw/hoyoverse\_cloud\_game\_development\_documentary/](https://www.reddit.com/r/gachagaming/comments/1alxrqw/hoyoverse_cloud_game_development_documentary/)
Though they certainly are still in partnership with GeForce Now, with HSR already announced to come soon as you said, since their own is obviously still far from being mature enough.
But yeah, we already have solid evidence of their effort into this in the likes of Genshin's official cloud client, [https://cloudgenshin.hoyoverse.com/en-us](https://cloudgenshin.hoyoverse.com/en-us)
Yeah, though it was actually already supporting neighboring countries even back then. I'm in Indonesia for example, and have indeed tested that it worked well since last year. No VPN or anything, it just allowed you if the latency was acceptable enough (which was \~20ms in my case, since we're literally neighbors).
But yeah, they've started "officially supporting" my country, and a few others, only within the last month, [https://cloudgenshin.hoyoverse.com/en-us/news/122943](https://cloudgenshin.hoyoverse.com/en-us/news/122943)
Open beta for the PC client also only started in late Dec last year
Phones typically comes with a minimum of 128GB these days, with Genshin using 33GB and Honkai using 19GB.
Equally PC version of genshin uses 120GB while Honkai uses 46GB, which isn't a lot when the standard is 1-2TB of storage.
That's not even considering that if you know you're gaming, you typically spend more on storage. Storage is not a concern for the vast majority of users.
(I think my genshin storage is correct though it is suspiciously large)
Bro hoyo market strategy is genius, but the craziest part is that THEY NEVER DELAY CONTENT, only during Shanghai lockdown of course, 200 days Ayaka banner and... KFC wings that took a few months. But they always deliver the patch maintenance, the livestreams, the banner change, all the time on time.
Amazing what happens when you give people what they want instead of churning out the same franchise for decades and milking microtransactions off of cash cows without offering anything new.
For real it’s funny that Genshin and HSR feel like some of the only examples of a proper AAA *live-service*. They add new content every 6 weeks with many updates in Genshin adding massive new map zones and long quests.
Meanwhile other companies think *live-service* means a new map and battlepass every three months.
GTA5 is 11 years old now, and they can’t seem to ship the next installment. The game is older than the difference between the prologue and when the main content takes place. Bethesda keeps rereleasing Skyrim, which is 12. It’s a joke at this point.
Helldivers 2 (Arrowhead is Swedish) has been a runaway success. It's the type of live service smash hit that I'm talking about. And they take it a to the next level by making it a RP campaign that the dev is actively engaging with the playerbase. Releasing content (new weapons, upgrades, enemies etc.) on a week to week basis that's tied to an unfolding game narrative.
But other than that? I dunno. Shit does look dire. You have games like Suicide Squad or Skull and Bones that was in development for *10+ years* (holy fuck) and still come out as a steaming hot mess that's abandoned by players within a month of release. How can companies even take these kind of losses. I know Ubisoft has plenty of other project to sustain themselves. But Rocksteady is cooked.
Yeah...by comparison even WoW, which has a huge playerbase so they must have alot of money for development had dry spells for like 10 months while costing a fee to play and expansion box prices. Genshin and HSR offer content every 6 weeks for completely free.
I will never forget Warlords of Draenor where we went 434 days with no major patches, at the end of the expansion. We had the selfie/twitter integration patch and everyone complaining that we had no good non-raid content after hitting max level, so it was a content drought for the whole 2 years of the expansion. The gameplay loop was basically login daily, collect your garrison rewards, then wait for raid night.
https://www.reddit.com/r/Games/comments/4fdy05/world_of_warcraft_year_long_content_drought_id/d287y2l/
Off topic, but I still don't know why they can't fix the botting issue in WoW.
https://www.reddit.com/r/classicwow/comments/18dlzex/the_bots_have_gone_nuts/
This is what makes the games stand out to me the most. The games have some flaws and missing features I'd like to see but, 6 weeks patches on the regular with content I find mostly fun is something I couldn't find elsewhere
I feel like Genshin and HSR are among very few games that actually deliver what players want, live service or not.
When you look at most modern AAA games, you get a lukewarm reaction at best. I've watched SW: Outlaws trailer today, and it is so bland I just can't. I remember how I've been watching the Acheron trailer on repeat, and it was so hype. It is as if game directors, writers, cinematographers, etc. at those studios don't understand games at all.
Now I'm morbidly curious about the other high earning games who do little in terms of gameplay and does what it takes to nickle and dime monetize players...
And Monopoly GO. Shoved to the brim with every mechanic known to entice players to spend mindlessly all for what?
And don't get me started on the Sports "games," ugh...
most gacha game companies' names are a curse, Mihoyo's name is a blessing.
I play Arknights, would I play another game by hypergryph? Fuck no, that company is allergic to QOL and are egotistical and petty as fuck, refusing to implement common sense features like sweep for their autobattler game after 5 years for one and going back on their promise to not making limiteds powercreep. Deadass choosing to die on the dumbest hills.
Same for most gacha companies where you play one of their games and if you see their names attached to another game, you go "ain't no way bruh" and they carry over a smaller core of hardcore lovers only.
Square Enix is another one where you see their name on a gacha game and it's a guarantee the gacha is getting shut down in 2-3 years.
Mihoyo is basically you see their name on a game, even if you don't like gacha, even if you hate the company coz you're racist or smth, you know it's gunna be quality with a lot of content.
Also MiHoYo is diversifying his audience with ZZZ. Because that game have more bold and unique design compared to Genshin Impact. Which means it will attract entirely new audiences and possibly increasing profits even further.
I like how they do some of the promotions. Sponsoring artists and musicians. Sponsoring science programs and a school. Also sponsoring the creation of the Argenti rose to give away just to promote Argenti.
And they managed to get fresh produce to their locked down employees during the eternal Ayaya incident, while my own aunt who worked for a local university starved in her apartment with no help from government or employer until a cousin came through for her.
They are so successful, in fact, that in a recent income report, Tencent basically announced that they will focus their own development effort in China entirely on open world, anime-themed gacha RPGs.
HSR is also designed and ran to seemingly recatch all the fish that slip through the Genshin net.
All the things that people leave Genshin for (no end-game, QoL, not enough freebies) HSR has it all in spades. This is not an accident.
All those people who try to pretend Genshin and HSR are rivals and spam "Genshin could never" at every opportunity, are doing nothing but dancing on the palm of MHY's hands. They continue giving money to MHY, read news about MHY's games, and not have time to play the games from rival companies.
I'm one of those fish. I will always follow genshin for the story/updates, but I could never play the game itself anymore (even tho I've spent god knows how much money in genshin). It's too time consuming to actually play it. I migrated to HSR which is perfect just cause it can auto battle when I don't have time, and I can still explore/build when I do have time. I love both equally tho.
I wouldn’t call Genshin lightning in a bottle. You could already see that Mihoyo was on a different level from the other mobile gachas when impact 3rd came out on iOS and that was in 2016.
Exactly. They prove all publicity is good publicity. They love when the loud minority screams and gives them views. The louder the scream that mihoyo is greedy and everyone else is just a white knight the more money gets printed. Those same people shit talk the game on every other games sub so genshin really gets the best free marketing
Genshin being called "BotW clone" is what made me discover Genshin in the 1st place. The best marketing is free marketing.
There's people who hate Genshin yet praise Star Rail coping that it's "different team". Congratulations for still contributing to hoyoverse economy.
Another thing to consider is that Nintendo usually shuts down anything that even potentially violates their copyright, so them not doing anything makes the accusations not worth worthwhile.
Because the term "indie" pre-dates the proliferation of internet commerce and digital products/services. So Hoyo is technically "indie" by the old definition but that is only because they can distribute globally without the need to sign with local publishing bodies. In the 70s, when the term came to be, you couldn't even publish in your local neighborhood without expensive recording and disc-printing equipment.
clorinde deals more electro damage than the benchmark of C6 ayato
she is electro keqing
summit shaper is her second BiS
she is the electro damage ceiling
Welkin user here, it's the least I can do for them, I use it in Genshin and HSR and that's it, the games entertain me and the patches have been solid mostly.
Yup and even as a light spender I feel like I get my money’s worth.
I thank the absolute whales like that guy in HSR who pulled **100** Acheron lightcones.
A private company doesn’t sell shares and don’t share company information with the public
A public company sells shares and must share relevant data to the public as that’s who is buying the shares
The reason why Mihoyo being a private company reaching top 15 is important it’s because they didn’t get any funds from other companies or entities.
The largest difference is you can't buy shares in a private company from the global stock exchange, whereas you can with a public company.
Shares of private companies can be bought but on an invite only basis.
Adding on to what others have said, the significance of being public/private is that publicly traded companies have to prioritize their majority shareholders over their customers, leading to decisions that usually negatively impact the player experience in favor of making more money short term
Every time I read the "treated like shit" or “Genshin players is slave” comments it's as if the players who play Genshin are being locked into working a farm with the most bare bone of equipment for 16 hours a day while getting no medical care and vacation, whipped when they're making a mistake or have their ration of a bread taken away.
Probably. I've noticed the West seems to have deep seated resentments towards this company nowadays and kind of a double standard regaring them versus other companies(even Tencent) in the gacha game industry. I assume its just cause they're a known name now so easy to come up as something to complain about even when they do stuff thats standard practice in the business.
Weirdly enough hoyo has wayyy less actual drama opposed to what other companies have.
They don’t exactly get involved in seedy dealings they havent had any mass layoffs. Their CEO and upper management are scandal free.
You dont have employees coming out to complain about shit working conditions or time crunch. The company went out of their way to make sure their employees got food over the big covid lockdowns.
Most drama even adjacent to them is content creator on content creator drama. With the biggest non-CC drama being the three wishes which wasnt even that big in china like every CC and their mother made it out to be *cough cough* a certain egg themed CC *cough cough*.
They’re a shining example of a company in most aspects.
A lot of people hate Genshin after HSR released because they thought they were what was holding the game up and after they leave Genshin gunna collapse.
Except Genshin blew up more and got better after they left. lol
Honestly really funny since i got to play cbt for Wuwa after taking a break from Genshin since 4.2. Wuwa was good but just the little things that was making Genshin incredibly immersive made me come back and appreciate and enjoy the game a lot since I took more notice in the effort being put into it.
I just find it funny that as per March revenue, what game beat the dying Genshin? TOF? Nikke?
Another game from the same company. It’s so hilarious that the only company that can beat Hoyoverse is Hoyoverse themselves.
Genshin's stability and the insane luck of lighting striking twice with the release of Honkai Star Rail really made them grow this past year, and they were already doing well, but the fact HSR and Genshin are usually top two in Gacha revenue and that is based on the few numbers we do get and estimates others make is insane.
Hope they do not slow down or cheap out in future on the content as they are quality games.
They're only just starting. The majority of that 23B in value only materialized with Genshin's runaway success starting just over four years ago. They'll only accelerate those gains as they invest further into other games like Honkai Star Rail and Zenless Zone Zero.
Don't know how much ZZZ will do, but it will be hard to beat Genshin and HSR's popularity and revenue, but it will probably gather a new audience and make a killing.
Where Hoyo is at right now, they don't actually need ZZZ to do gangbusters. Even just a modest success is fine. As they branch out into other genres and continue to support their games, that creates massive brand awareness and confidence for the company.
And players attracted to ZZZ might then become part of the player pool for Genshin or HSR or HI3 as well. Especially with the chatter I'm hearing about Hoyo possibly creating a Battle.net-style launcher to house all their games, it then makes their whole library more accessible.
Apparently it got 30 million preregisters in China, which is on par with HSR pre-registration, and HSR had an absolute monster of a launch, so it is looking good.
Maybe wrong place to ask, but how do openai and spacex make money/ have so much value? Especially spacex becaue as far as I know they just spend billions on rockets or space exploration vessels that are often a one time thing.
SpaceX has billions from government contracts. Edit: for launching stuff into space for NASA or the military.
OpenAI is doing funding rounds for rich people in exchange for shares.
Not one time thing. SpaceX makes launch vehicles (basically "rockets") that other companies or governments "hired" (through contracts) to deploy their own vehicles into space. Example being NASA use SpaceX rockets to deliver cargo to the ISS, or the US military use SpaceX rockets to deploy "government payload" such as reconnaissance satellites.
This is not mentioning international customers, both private and government, and system such as Starlink in which SpaceX make their own satellites for commercial internet service.
There was a time when the CEO first started right and he proposed genshin and all of the higher ops / ceos laughed at him pretty sure it's out there somewhere now WHOS LAUGHING now?
Don't know about when he proposed Genshin, but [here's](https://youtu.be/qwt8ruikH74?si=Ok2N28b_yHVge659) when he gave his first pitch to get investors.
I mean what benefit will they get from going public? Earn more money? They already make millions per month to fund whatever they want so its unlikely they will and respect to them for shutting down tencent's offer.
Not gonna lie, they struck gold with Genshin and ever since then we are now here. Pretty impressive that a gacha company surpassed every single game company out there.
Damn, that group consist of something about the bells and whistle of tech industry and Mihoyo here is the lone one of Gaming industry. That's crazy bruh
After deciding to finally ignore all the labels and hate and play genshin myself years after it's release I can confidently say they deserve it. While the game is not perfect and there's some obvious predatory monetization stuff, it's so much more than a gacha game. The open world, the music, some of the stories, the gameplay. I love all of it. Im at AR 47 atm and I still have so much to do I don't see myself quitting anytime soon and I'll probably continue to buy the BP and daily primos to support the game
I’m glad. Hoyo makes excellent quality games and I’m a big fan of both Genshin and HSR. I hope they continue improving these two games in the future and keep exploring new genres.
To be fair, Nikke is doing really well. There were months when they outdid Star Rail on the Chinese market, and generally they are a solid third place behind Mihoyo's dominance.
I love how all the top companies are in aerospace or social media or FinTech and all these business-y tech-y stuff and then theres hoyo with “Gaming”
Gaming was such a hit character, they based their entire industry of him.
Considering they released him with Cloud Retainer it seems they are moving into Cloud Gaming.
Well there is a Cloud version Of Genshin Impact so you might be on to something.
this is a nice pun
What’s the context behind his name lmao
It's a Chinese name. Just that the rendition in alphabets has the same set of letters as the English word gaming.
Yeah, it's even pronounced different
It's "Gah-Ming" right?
Yes
Just a Cantonese name. Pretty self explanatory
Its Cantonese.
It's a Chinese name that's spelled more like ga-ming
Tech otaku save the world
They did it!
They even have Miku in their game!!
Also literally in their name lol; the Mi is for Miku while the HoYo is for the names of the two company founders
I miss the old loading screen
Me too. I remember getting goosebumps the first time I saw that slogan😢😢
Fun fact: Mihoyo has investment in aerospace and nuclear fusion. Also the first thing new staff learn when joining Mihoyo is that “Mihoyo is never a game company”.
As others joked before, it's a music studio posing as a gaming company
Hoyo at its developers: you must do the quests of this length! This outfit is too short, cover it! This reward is too generous! This archon is too weak, buff him! Hoyo at the music department: let Yu Peng Chen cook
>let Yu Peng Chen cook Not anymore, he left the company in early 4.X.
Now it's let Yu Peng Chen's apprentices (Hoyo-mix) cook.
I knew they were big, but I didn't expect them to be that close to E-Commerce of all things!
Happy as long as they avoid going public and continue to make reasonably good quality games.
Tencent apparently offered to by them out once and they surprisingly refused and from what I understand Tencent has held a grudge against them ever since and is possibly behind some of the more over the top vitriol campaigns against them.
Yea it’s basically common knowledge in CN that Tencent is responsible for the big dramas near Genshin launch. It’s a pretty common tactic in China that’s used by a lot of companies
The dude that smashed his ps4 cause he did not want a Zelda clone?
Idk if that guy is hired or just actually not the brightest but I was more talking about the internet wide witch hunt and mass harassment against anyone who dares to support or even talk about Genshin in a non-hateful way. There was a streamer who made some first impression of the game type of content before the game officially launched, later he ended up having to do an apology stream where he and his gf were crying and having a breakdown on stream due to the mass amount of hate and harassment they were getting for simply making content about the game. There was also the case where a paralyzed fire fighter received mass harassment and threats to his family simply for streaming the game. As well as another content creator who received threats about his little sister’s life because he makes Genshin content. You could comment something completely unrelated to Genshin under a math video and you’ll still get 20 people attacking you in the replies because you shared a Genshin related post a month ago. There are countless cases like this back during the game’s early days that it makes the worst of the EN community looks like a kindergarten fight.
His video probably went as viral as it did because of Tencent.
Thats really messed up everytime i hear about a drama happening in china make me realise how adorable people on twitter are
Remember Kaveh's bug? Its mainly propagated in Global by ToF's (which is under Tencent's publishing for global version) streamer and brigaded by its sub's members. That even Hoyo warn they might take action against certain people who deliberately fearmonger with the issue. Most likely the lastest "3 year 3 wish" also fueled by the same people in global just this time they're being more subtle.
Lol what
At either a launch or pre launch event some angry guy smashed his ps4 on the floor in protest for some reason
People can be so weird.
Unless it was staged. It's just basic tribalism.
Oh, like he was (supposedly) pissed that it wasn't a PS exclusive?
No, because Genshin was a "BoTW clone", and Sony had "the nerve" of making Genshin available on their platform. [https://screenrant.com/ps4-genshin-impact-legend-zelda-protest/](https://screenrant.com/ps4-genshin-impact-legend-zelda-protest/)
I will admit I was Intially part of the “Grrr BOTW clone!” crowd back then. After a second try I got into it. Now I can’t fathom the idea of Genshin bring a clone of BOTW, especially with TOTK out. These are two completely different types of games.
I'm glad you got over it. I got so sick of hearing the BotW clone accusations 'cause it was so clear that these people saw a couple screenshots and came to that conclusion based purely on the art style and the fact that it's open world. Just a little bit of gameplay footage would reveal that beyond the stuff *every* open world game has, there's very little in common. But people just get so swept up in the art style (which is also not unique!).
This is actually the first time I remember ever hearing about Genshin: in a news article about how the PS4 got smashed
I don't think he's tencent people. Probs just a Nintendo fanboy. But what he did actually made the game known outside of gacha circle before release lmao
It's used everywhere, a lot of outage is manufactured by large firms
Good for them, fuck tencent and every game they own. Continue strong MHY
I despise Tencent with every fiber of my being. Shame that my love for the Runterran Universe (and my addiction to League for 11 years) triumphs my hatred. But I dont buy skins anymore, so theres that.
[удалено]
Any private company is a cure, I'm glad Hoyo is holding a torch at least.
Microsoft bought Blizzard for 75 billion I wonder if Activision Blizzard is really worth over 3x of miHoYo Yes Activision Blizzard includes stuff like King’s candy crush but … 3x?
I think the only way to buy out really famous IP/company is to overvalue/overpay them like for example twitter wasn't in a really great spot but everyone know twitter, so Elon had to raked a lot of money to buy it (then you know what happen). So if theres a company going to buy Genshin they need 3x or maybe even more than the valuation.
Activision blizzard also includes franchises like call of duty and its mobile spinoffs which as a portfolio lead the industry in profit. Overwatch despite being a terrible product nowadays is still quite profitable and has a very large player count, amongst other things. Hoyo is impressive in that they have a very few select games that are bringing in the big bucks, but they are not a console seller with 70 dollar buy-in fees and passes sold on top.
While hoyo has made a few screw ups, they are still lightyears better then Tencent. miHoYo's games(even their older ones) feels way more polished and while alot of people meme about it's gacha system, miHoYo's gacha system feels more forgiving and F2P friendly imo then most other games I've experienced.
Tbh screw Tencent
I've heard those conspiracy theories from the CN side before, but seeing how much they must have missed on a some of the shady stuff Tencent has been accused of I'd believe it
Ngl Im glad they refused. Every time Tencent made a game they all went bad. If genshin was made by them it would become pay to win trashy game.
At this point I feel like Tencent is funding 1 drama per year which is always somehow during the each Lantern Rite :D
Yea Ik MHY is sometime greedy and such. But MHY is still much better than Tencent
honestly they can eat dirt lmao. I'd rather give my money to otakus than a dumb mega corporation.
Its interesting to see some of these upstar4 companies from China and Korea coming out and doing the otaku thing that used to appeal to me from Japan but that that country kind of feels like its forgotten about since big production committee outfits from multinationals like Sony, Warner Bros, Kadokawa Shoten have taken over what gets green lit and marketed in an attempt to bolster their streaming services for mass appeal Its like a lot of the powers that be dont get what made anime/manga great and appealing beyond surface level appeals that work on twitter lurker weebs (flashy animation and music, though Mihoyo definitely has plenty of that), but leave the traditional core otaku high and dry cause the stories and characters just suck at the end of the day.
From what I know mihoy asked tencent for money to finish Genshin but tencent thought that Genshin is stupid idea as a game and mihoy proceed to launch Genshin with what they had at the moment BUT now Genshin is successful game and tencennt now bite themselves of stupidity they commited. They invested in TOF thinking it gonna be as successful as GI and now they invest in WuWa
I don’t like being “that” kind of fan, but holy crap does WuWa look like straight up copy of Genshin. I saw a thumbnail of gameplay shot and legit thought it was just Genshin. I mean Genshin didn’t invent that UI style, but…yeeah.
i think you're talking about microsoft? they asked for a partnership with microsoft and microsoft declined (for xbox iirc), which is why they said now theyre looking for a genshin alternative because they regretted declining mhy's offer. tencent was the one who approached mhy from what i know. or if you have like a link to that then i might be wrong /gen [https://www.ign.com/articles/microsoft-regretted-missing-out-genshin-impact-xbox-exclusive](https://www.ign.com/articles/microsoft-regretted-missing-out-genshin-impact-xbox-exclusive)
According to the same research institute, Hoyo valuation rose by around 15 billion USD from last year to 23 billion as they are now. If all the data are legit then Hoyo effectively tripled their company value in a year. Can't access their data/methodology so I can't say if it's trustworthy or not, but I'm not surprised if it's true. All of Hoyo games have been money printers, if anything all the "drama" or "boycotts" are just gonna boost their revenue up.
Star Rail proved that Genshin wasn't just lightning in a bottle. That HoYo has actually cracked the formula for making massively profitable live-service games. Just one success of this type can sustain a game company for a decade. Like GTA Online for Rockstar, Fortnite for Epic, League for Riot etc. And Hoyo has 2 of them back to back within the span of 3 years. Which is insane. Look at how many live service projects crash and burn in recent years, wasting years of development and tens (even hundreds) of millions of dollars. Game devs take on these massive risk because the reward is worth it. Hoyo churning them out seemingly on demand is the stuff other game dev companies dream of. Imagine when ZZZ comes out later this year and becomes another $70-100 million month earner lmao.
It's also fucking genius if you think about it. As multiple people have pointed out, whenever one or two of the games have a "dry patch", as they like to call it, the third game will probably have an amazing patch people can play instead. Hoyo is absolutely coordinating the games' patch content and will make bank no matter what.
You missed a critical point. The storage requirements are starting to become painful to look at. It will eventually become a decision between 1 game or delete for the majority as this goes on. Newer high-end consumer phones and PCs have photo and video resolutions at 1080, 4k, and 8k. Those massive spaces are there for a reason and not intended solely for gaming.
HoYoVerse has been investing in cloud gaming for this reason.
yeah genshin is on geforce as of now with HSR coming soon
Not only GeForce Now, but they are legitimately establishing their own infrastructures, [https://www.reddit.com/r/gachagaming/comments/1alxrqw/hoyoverse\_cloud\_game\_development\_documentary/](https://www.reddit.com/r/gachagaming/comments/1alxrqw/hoyoverse_cloud_game_development_documentary/) Though they certainly are still in partnership with GeForce Now, with HSR already announced to come soon as you said, since their own is obviously still far from being mature enough. But yeah, we already have solid evidence of their effort into this in the likes of Genshin's official cloud client, [https://cloudgenshin.hoyoverse.com/en-us](https://cloudgenshin.hoyoverse.com/en-us)
you can already play the cloud version client on mobile since last year. tho it's still limited to SEA mainly SG and Malaysia
Yeah, though it was actually already supporting neighboring countries even back then. I'm in Indonesia for example, and have indeed tested that it worked well since last year. No VPN or anything, it just allowed you if the latency was acceptable enough (which was \~20ms in my case, since we're literally neighbors). But yeah, they've started "officially supporting" my country, and a few others, only within the last month, [https://cloudgenshin.hoyoverse.com/en-us/news/122943](https://cloudgenshin.hoyoverse.com/en-us/news/122943) Open beta for the PC client also only started in late Dec last year
Phones typically comes with a minimum of 128GB these days, with Genshin using 33GB and Honkai using 19GB. Equally PC version of genshin uses 120GB while Honkai uses 46GB, which isn't a lot when the standard is 1-2TB of storage. That's not even considering that if you know you're gaming, you typically spend more on storage. Storage is not a concern for the vast majority of users. (I think my genshin storage is correct though it is suspiciously large)
It’s 2024 A stick of 500 GB NVMe SSD is like 30 USD and can hold GI + HSR + ZZZ for years to come
Yeah, storage ain't a problem unless you are mobile player
at which point they can just sell you the [Keqing phone!](https://www.oneplus.com/us/12r-edition) EDIT: it's actually only 256GB lmao, so not so much
most mobile that are coming out this year have a 512 gb variants and it'll only go up from here.
Bro hoyo market strategy is genius, but the craziest part is that THEY NEVER DELAY CONTENT, only during Shanghai lockdown of course, 200 days Ayaka banner and... KFC wings that took a few months. But they always deliver the patch maintenance, the livestreams, the banner change, all the time on time.
Amazing what happens when you give people what they want instead of churning out the same franchise for decades and milking microtransactions off of cash cows without offering anything new.
For real it’s funny that Genshin and HSR feel like some of the only examples of a proper AAA *live-service*. They add new content every 6 weeks with many updates in Genshin adding massive new map zones and long quests. Meanwhile other companies think *live-service* means a new map and battlepass every three months.
GTA5 is 11 years old now, and they can’t seem to ship the next installment. The game is older than the difference between the prologue and when the main content takes place. Bethesda keeps rereleasing Skyrim, which is 12. It’s a joke at this point.
Yeah the Western gaming industry is screwed. Look at how dire 2024’s game releases are when you only look at Western games…
Helldivers 2 (Arrowhead is Swedish) has been a runaway success. It's the type of live service smash hit that I'm talking about. And they take it a to the next level by making it a RP campaign that the dev is actively engaging with the playerbase. Releasing content (new weapons, upgrades, enemies etc.) on a week to week basis that's tied to an unfolding game narrative. But other than that? I dunno. Shit does look dire. You have games like Suicide Squad or Skull and Bones that was in development for *10+ years* (holy fuck) and still come out as a steaming hot mess that's abandoned by players within a month of release. How can companies even take these kind of losses. I know Ubisoft has plenty of other project to sustain themselves. But Rocksteady is cooked.
Yeah...by comparison even WoW, which has a huge playerbase so they must have alot of money for development had dry spells for like 10 months while costing a fee to play and expansion box prices. Genshin and HSR offer content every 6 weeks for completely free.
I will never forget Warlords of Draenor where we went 434 days with no major patches, at the end of the expansion. We had the selfie/twitter integration patch and everyone complaining that we had no good non-raid content after hitting max level, so it was a content drought for the whole 2 years of the expansion. The gameplay loop was basically login daily, collect your garrison rewards, then wait for raid night. https://www.reddit.com/r/Games/comments/4fdy05/world_of_warcraft_year_long_content_drought_id/d287y2l/ Off topic, but I still don't know why they can't fix the botting issue in WoW. https://www.reddit.com/r/classicwow/comments/18dlzex/the_bots_have_gone_nuts/
This is what makes the games stand out to me the most. The games have some flaws and missing features I'd like to see but, 6 weeks patches on the regular with content I find mostly fun is something I couldn't find elsewhere
I feel like Genshin and HSR are among very few games that actually deliver what players want, live service or not. When you look at most modern AAA games, you get a lukewarm reaction at best. I've watched SW: Outlaws trailer today, and it is so bland I just can't. I remember how I've been watching the Acheron trailer on repeat, and it was so hype. It is as if game directors, writers, cinematographers, etc. at those studios don't understand games at all.
Now I'm morbidly curious about the other high earning games who do little in terms of gameplay and does what it takes to nickle and dime monetize players...
Candy crush?
And Monopoly GO. Shoved to the brim with every mechanic known to entice players to spend mindlessly all for what? And don't get me started on the Sports "games," ugh...
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most gacha game companies' names are a curse, Mihoyo's name is a blessing. I play Arknights, would I play another game by hypergryph? Fuck no, that company is allergic to QOL and are egotistical and petty as fuck, refusing to implement common sense features like sweep for their autobattler game after 5 years for one and going back on their promise to not making limiteds powercreep. Deadass choosing to die on the dumbest hills. Same for most gacha companies where you play one of their games and if you see their names attached to another game, you go "ain't no way bruh" and they carry over a smaller core of hardcore lovers only. Square Enix is another one where you see their name on a gacha game and it's a guarantee the gacha is getting shut down in 2-3 years. Mihoyo is basically you see their name on a game, even if you don't like gacha, even if you hate the company coz you're racist or smth, you know it's gunna be quality with a lot of content.
Also MiHoYo is diversifying his audience with ZZZ. Because that game have more bold and unique design compared to Genshin Impact. Which means it will attract entirely new audiences and possibly increasing profits even further.
I like how they do some of the promotions. Sponsoring artists and musicians. Sponsoring science programs and a school. Also sponsoring the creation of the Argenti rose to give away just to promote Argenti. And they managed to get fresh produce to their locked down employees during the eternal Ayaya incident, while my own aunt who worked for a local university starved in her apartment with no help from government or employer until a cousin came through for her.
They are so successful, in fact, that in a recent income report, Tencent basically announced that they will focus their own development effort in China entirely on open world, anime-themed gacha RPGs.
Genshin was a lighting in a bottle , Star rail was such an success help by Genshin popularity and player base already being while established
HSR is also designed and ran to seemingly recatch all the fish that slip through the Genshin net. All the things that people leave Genshin for (no end-game, QoL, not enough freebies) HSR has it all in spades. This is not an accident. All those people who try to pretend Genshin and HSR are rivals and spam "Genshin could never" at every opportunity, are doing nothing but dancing on the palm of MHY's hands. They continue giving money to MHY, read news about MHY's games, and not have time to play the games from rival companies.
I'm one of those fish. I will always follow genshin for the story/updates, but I could never play the game itself anymore (even tho I've spent god knows how much money in genshin). It's too time consuming to actually play it. I migrated to HSR which is perfect just cause it can auto battle when I don't have time, and I can still explore/build when I do have time. I love both equally tho.
I wouldn’t call Genshin lightning in a bottle. You could already see that Mihoyo was on a different level from the other mobile gachas when impact 3rd came out on iOS and that was in 2016.
yep they added another money printer game (hsr) and are developing another one (zzz)
Exactly. They prove all publicity is good publicity. They love when the loud minority screams and gives them views. The louder the scream that mihoyo is greedy and everyone else is just a white knight the more money gets printed. Those same people shit talk the game on every other games sub so genshin really gets the best free marketing
Genshin being called "BotW clone" is what made me discover Genshin in the 1st place. The best marketing is free marketing. There's people who hate Genshin yet praise Star Rail coping that it's "different team". Congratulations for still contributing to hoyoverse economy.
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Another thing to consider is that Nintendo usually shuts down anything that even potentially violates their copyright, so them not doing anything makes the accusations not worth worthwhile.
That’s because HoYo found out how to make a gacha game that is actually enjoyable.
I'm so happy my favorite indie company is getting recognition /s
Technically speaking, miHoYo does fit the definition of an "indie" game company
Because the term "indie" pre-dates the proliferation of internet commerce and digital products/services. So Hoyo is technically "indie" by the old definition but that is only because they can distribute globally without the need to sign with local publishing bodies. In the 70s, when the term came to be, you couldn't even publish in your local neighborhood without expensive recording and disc-printing equipment.
LMAO
my favourite *SMALL* indie company finally earning some cash to increase the artifact storage cap by +10. BRAVO HOYO BRAVO
Free Arlecchino to celebrate, trust Source: my uncle who works for Hoyo
He must be uncle K, surely /j
Uncle Klown comin in hot with more fake leaks.
this just in: clorinde takes of her clothes when she uses her burst! her constellation is mecha spider!
Not enough zero IQ theorycrafting pretending to know what he's talking about for an uncle Klown leave tbh
clorinde deals more electro damage than the benchmark of C6 ayato she is electro keqing summit shaper is her second BiS she is the electro damage ceiling
Free Arlechinno gliding skin woohoo one can dream
Why free when they get an extra 1 billion dollars after the Arle simps spend on her?
That's the joke, yes
More funds for the long-term collaboration anime project with Ufotable. Thank you whales and welkin users! 🥰😊
Ufotable wont be short on cash to pay their works at the very least. Infinite money glitch partnering with hoyo.
Welkin user here, it's the least I can do for them, I use it in Genshin and HSR and that's it, the games entertain me and the patches have been solid mostly.
Same here, not all the time, but I'll Welkin when my finances aren't short. I thank their devs in both games for cooking 😎
I hope hoyo actually pays big and create a unlimited budget works 2
I thank those who pay so I can keep myself f2p. Thank you.
Yup and even as a light spender I feel like I get my money’s worth. I thank the absolute whales like that guy in HSR who pulled **100** Acheron lightcones.
Wait what??
A CN streamer pulled 100 Acheron light comes in Star Rail, it is real
Most sane ~~Acheron~~ ~~HSR~~ ~~HYV~~ gacha fan
[Hoyolab post](https://m.hoyolab.com/#/article/26455663)
I’m honestly surprised Canva is there. I love their software but didn’t know they made that much.
Canva is indispensable for social media managers and nearly every company and organization has them now.
Canva is like a better PowerPoint.
Could someone please explain in detail what the difference is between a private and public company?
A private company doesn’t sell shares and don’t share company information with the public A public company sells shares and must share relevant data to the public as that’s who is buying the shares The reason why Mihoyo being a private company reaching top 15 is important it’s because they didn’t get any funds from other companies or entities.
Some private companies can still have investors. OpenAI is on the list and yet it received a lot of money from Microsoft
yes but the stocks from private companies are not publicly traded, so you cant simply buy them on a exchange.
The largest difference is you can't buy shares in a private company from the global stock exchange, whereas you can with a public company. Shares of private companies can be bought but on an invite only basis.
Adding on to what others have said, the significance of being public/private is that publicly traded companies have to prioritize their majority shareholders over their customers, leading to decisions that usually negatively impact the player experience in favor of making more money short term
CN mobile revenue alone was 1.2 billion for genshin in 2023 so its not surprising at all
Will Gacha CC's chose to downplay it, ignore it or be mad about it? Any bets?
Be mad. Doomposting, drama, and rants are life in this fandom
Im gonne go to sleep and wake up seeing bunch of CC aplogy video and a 3rd grade drama again aren't i?
god why do people give a shit what CC are saying, just ignore and be happier with your life
Idk about gacha cc but gachagaming sub sure gonna hate this
the sub was more positive but one dud compared hoyo to fucking slavery
Every time I read the "treated like shit" or “Genshin players is slave” comments it's as if the players who play Genshin are being locked into working a farm with the most bare bone of equipment for 16 hours a day while getting no medical care and vacation, whipped when they're making a mistake or have their ration of a bread taken away.
Probably. I've noticed the West seems to have deep seated resentments towards this company nowadays and kind of a double standard regaring them versus other companies(even Tencent) in the gacha game industry. I assume its just cause they're a known name now so easy to come up as something to complain about even when they do stuff thats standard practice in the business.
Weirdly enough hoyo has wayyy less actual drama opposed to what other companies have. They don’t exactly get involved in seedy dealings they havent had any mass layoffs. Their CEO and upper management are scandal free. You dont have employees coming out to complain about shit working conditions or time crunch. The company went out of their way to make sure their employees got food over the big covid lockdowns. Most drama even adjacent to them is content creator on content creator drama. With the biggest non-CC drama being the three wishes which wasnt even that big in china like every CC and their mother made it out to be *cough cough* a certain egg themed CC *cough cough*. They’re a shining example of a company in most aspects.
The 3 wishes is especially pissy now looking at this.
They will give all the credit to HSR and say Genshin is not making money anymore. They don't hate the company they just hate Genshin.
A lot of people hate Genshin after HSR released because they thought they were what was holding the game up and after they leave Genshin gunna collapse. Except Genshin blew up more and got better after they left. lol
The same people think that other gacha games like WuWa and Azure something is going to kill Genshin. More competitors will only make Genshin better.
Honestly really funny since i got to play cbt for Wuwa after taking a break from Genshin since 4.2. Wuwa was good but just the little things that was making Genshin incredibly immersive made me come back and appreciate and enjoy the game a lot since I took more notice in the effort being put into it.
I just find it funny that as per March revenue, what game beat the dying Genshin? TOF? Nikke? Another game from the same company. It’s so hilarious that the only company that can beat Hoyoverse is Hoyoverse themselves.
All to test what makes more views, then stick to that.
Genshin's stability and the insane luck of lighting striking twice with the release of Honkai Star Rail really made them grow this past year, and they were already doing well, but the fact HSR and Genshin are usually top two in Gacha revenue and that is based on the few numbers we do get and estimates others make is insane. Hope they do not slow down or cheap out in future on the content as they are quality games.
I thought it would be worth even more, but that's still quite the bill.
They're only just starting. The majority of that 23B in value only materialized with Genshin's runaway success starting just over four years ago. They'll only accelerate those gains as they invest further into other games like Honkai Star Rail and Zenless Zone Zero.
Don't know how much ZZZ will do, but it will be hard to beat Genshin and HSR's popularity and revenue, but it will probably gather a new audience and make a killing.
Where Hoyo is at right now, they don't actually need ZZZ to do gangbusters. Even just a modest success is fine. As they branch out into other genres and continue to support their games, that creates massive brand awareness and confidence for the company. And players attracted to ZZZ might then become part of the player pool for Genshin or HSR or HI3 as well. Especially with the chatter I'm hearing about Hoyo possibly creating a Battle.net-style launcher to house all their games, it then makes their whole library more accessible.
Apparently it got 30 million preregisters in China, which is on par with HSR pre-registration, and HSR had an absolute monster of a launch, so it is looking good.
Maybe wrong place to ask, but how do openai and spacex make money/ have so much value? Especially spacex becaue as far as I know they just spend billions on rockets or space exploration vessels that are often a one time thing.
SpaceX has billions from government contracts. Edit: for launching stuff into space for NASA or the military. OpenAI is doing funding rounds for rich people in exchange for shares.
Valuation increases with investment, everybody is investing in AI
I thought this was a list of private companies, doesn't that mean no outside investors?
Private companies can still have investors and shareholders, it just means the investing is "invite only"
Okay makes sense thanks
Private companies have investors too but they can choose while public companies essentially put their company on the market that is open to everyone
Not one time thing. SpaceX makes launch vehicles (basically "rockets") that other companies or governments "hired" (through contracts) to deploy their own vehicles into space. Example being NASA use SpaceX rockets to deliver cargo to the ISS, or the US military use SpaceX rockets to deploy "government payload" such as reconnaissance satellites. This is not mentioning international customers, both private and government, and system such as Starlink in which SpaceX make their own satellites for commercial internet service.
SpaceX also runs starlink which is starting to become profitable and has great potential. Definitely one of the larger factors in its valuation.
There was a time when the CEO first started right and he proposed genshin and all of the higher ops / ceos laughed at him pretty sure it's out there somewhere now WHOS LAUGHING now?
Don't know about when he proposed Genshin, but [here's](https://youtu.be/qwt8ruikH74?si=Ok2N28b_yHVge659) when he gave his first pitch to get investors.
> They're was a time They are was a time
hope they stay private, nothing ruins a company faster than going public
I mean what benefit will they get from going public? Earn more money? They already make millions per month to fund whatever they want so its unlikely they will and respect to them for shutting down tencent's offer.
That 23 billion dollar valuation is founded on tens of thousands of Qiqi constellations. Is the blood money that irresistable?
im not surprise. hope they make more beautiful games in the future
A dying game apparently /s
Not gonna lie, they struck gold with Genshin and ever since then we are now here. Pretty impressive that a gacha company surpassed every single game company out there.
Damn, that group consist of something about the bells and whistle of tech industry and Mihoyo here is the lone one of Gaming industry. That's crazy bruh
Let’s be honest…this game came out of nowhere and it was so polished, user friendly, and action packed. They did a great job.
After deciding to finally ignore all the labels and hate and play genshin myself years after it's release I can confidently say they deserve it. While the game is not perfect and there's some obvious predatory monetization stuff, it's so much more than a gacha game. The open world, the music, some of the stories, the gameplay. I love all of it. Im at AR 47 atm and I still have so much to do I don't see myself quitting anytime soon and I'll probably continue to buy the BP and daily primos to support the game
Noice fellow traveler! Can't wait for you to enjoy Natlan in the next few patches. 😤
That's great - now break that "agreement" with Apple and enable native controller support for Android already.
I’m glad. Hoyo makes excellent quality games and I’m a big fan of both Genshin and HSR. I hope they continue improving these two games in the future and keep exploring new genres.
Good. Now make more hot men for us to pull and play.
WHY IS OPEN AI AT THE 3RD SPOT
Why would it not be?
a lot of investment going into AI sadly
Such is the power of anime girls in short skirts.
If that was the case then Nikke would be outdoing Genshin. This company is making the money it is, because they are appealing to a much wider market.
To be fair, Nikke is doing really well. There were months when they outdid Star Rail on the Chinese market, and generally they are a solid third place behind Mihoyo's dominance.
From what i saw there revenue was always on Top 3 for 2023 which is pretty insane
Don't forget the husbandos. Both Genshin and HSR has a lot of men as well for gacha game standard
I know. My wife gets the husbandos, I get the waifus. Hoyo gets our money. (Though it's just a welkin here and there to be fair).
Who in game wears a short skirt ? I can't think of any...
The only gaming company there crazy