Evolution of HoYoverse

Early Beginnings

HoYoverse was founded by three Shanghai Jiao Tong University graduates, who initially focused on
creating mobile games. Their early projects, such as "FlyMe2theMoon" and "Honkai Impact 3rd,"
garnered attention for their high-quality graphics and engaging gameplay. "Honkai Impact 3rd," in
particular, was a significant success, establishing the company as a major player in the mobile gaming
market.

Rise to Prominence: Genshin Impact

The release of "Genshin Impact" in 2020 marked a turning point for HoYoverse. The game, an open-
world action RPG, received widespread acclaim for its stunning visuals, expansive world, and
complex gameplay mechanics. "Genshin Impact" quickly became a global phenomenon, generating
over $1 billion in revenue within six months of its release. The game's success demonstrated
HoYoverse's ability to compete with established Western and Japanese developers on a global scale.

Expansion and Rebranding

In 2022, miHoYo rebranded itself as HoYoverse, signaling its ambition to create a vast interconnected
universe of games and digital experiences. This rebranding reflects the company's vision of
expanding beyond traditional gaming to include virtual worlds, immersive experiences, and
multimedia projects.