miHoYo - TechWire

miHoYo

2025.07.28

11:37

"AI+Game" innovative ecology accelerates new breakthroughs in industrial integration in Xuhui District

According to The Paper, Shanghai's Xuhui District is leading the deep integration of the "AI+game" industry and becoming a global innovation highland. The district is home to leading game companies such as Mihoyo, Lilith, and Eagle Point, as well as thousands of artificial intelligence companies. Companies such as Mask Technology use generative AI technology to achieve intelligent game development, greatly improving production efficiency and content security. Xuhui District has enabled the game industry from "half-city concentration" to "global leadership" through full-factor empowerment of policies, capital, and talent. The annual revenue of the district's game industry is expected to exceed 70 billion yuan, accounting for more than 40% of the city, forming a complete industrial ecological chain. With the debut of the "Metaverse NeoWorld" block, Xuhui District is accelerating the construction of an "AI+game" innovation ecosystem.

2025.07.16

14:48

Huang Renxun mentioned 11 Chinese companies in his Chinese speech

On July 16, Nvidia founder and CEO Huang Renxun appeared at the opening ceremony of the Chain Expo. In his speech, he mentioned Chinese companies such as Tencent, NetEase, Mihoyo, Game Science, ByteDance, DeepSeek, Alibaba, Meituan, MiniMax, Baidu, and Xiaomi. He said that China's super-fast innovation capabilities were created by researchers and entrepreneurs, and the sharing of models such as DeepSeek, Tencent, Alibaba, MiniMax, and Baidu has promoted the development and progress of global artificial intelligence.

2025.07.14

22:43

MiniMax's new shareholder revealed: Shanghai state-owned capital added, nearly $300 million in new financing basically completed

According to insiders, the large model company MiniMax has recently basically completed a new round of financing of nearly 300 million US dollars. After this round of financing, the company's valuation exceeded 4 billion US dollars (about 30 billion yuan). The investors in this round of financing include listed companies, cross funds and a large state-owned platform-Shanghai State-owned Assets. According to insiders, this round of financing has been launched half a year ago and has been basically confirmed. Previously, MiniMax had completed a B round of financing of 600 million US dollars funded by Alibaba and a round of A financing of more than 250 million US dollars funded by Tencent Capital. Early investors also included Yunqi Capital, Hillhouse Capital, IDG, Mingshi Capital, Mihayou, etc., but there was no state-owned capital background. According to public information, after the completion of this round of financing, the only large model companies in China with a valuation of 30 billion yuan are MiniMax and Zhipu. In this regard, Sina Technology asked MiniMax for confirmation, but the company had no response as of press time.

2025.07.09

12:18

Xinghaitu completed two rounds of financing of over US$100 million, A4 and A5, with China Renaissance as the exclusive financial advisor

Caitong News recently learned that Xinghaitu has completed its A4 and A5 rounds of financing, with a total financing amount of more than US$100 million: the A4 round of financing was jointly led by Capital Today and Meituan Longzhu, with participation from CICC Porsche Fund, Xianghe Capital, and old shareholders miHoYo and Wuxi Venture Capital Group; the A5 round was jointly led by Meituan Longzhu and Meituan Strategic Investment, with an oversubscription from Beijing Robot Fund and participation from Yizhuang State Investment, and continued follow-up investment from old shareholders such as IDG Capital, BV Baidu Ventures, Cathay Capital, Capital Today, and Xianghe Capital; China Renaissance Capital continues to serve as the exclusive financial advisor.

09:18

Embodied intelligent robot company Xinghaitu received more than 100 million US dollars in financing, led by Meituan, Meituan Longzhu, and Capital Today

Xinghaitu has completed the A4 and A5 rounds of strategic financing, with a total financing amount of more than 100 million US dollars. The A4 round of financing was jointly led by Capital Today and Meituan Longzhu, followed by CICC Porsche Fund, Xianghe Capital, and old shareholders Mihoyo and Wuxi Venture Capital Group; the A5 round was jointly led by Meituan Longzhu and Meituan Zhantou, Beijing Robot Fund over-invested, Yizhuang Guotou followed, and old shareholders such as IDG Capital, BV Baidu Ventures, Cathay Capital, Capital Today, and Xianghe Capital continued to follow up. Since the start of the A series of financing in 2025, Xinghaitu has continued to receive joint support from top strategic investors, national industrial funds, and first-tier financial investment institutions.

2025.06.04

18:31

The AI competition in gaming is heating up. Tencent, Mihoyo, and NetEase are showing off their technology trump cards

Tencent Games has created a game creation AI full-link solution business called "VISVISE", which includes development tools such as Auto LUV and skirt AI created by the GoSkinning team of its product performance department, and various AI game tools are under intensive development. Not long ago, Tencent Hunyuan also released the Hunyuan game visual generation platform. It is reported that the platform is the first industrial-grade AIGC game content production engine built on the Hunyuan large model, which can greatly optimize the game asset generation and game production process. For example, in the case given by the Hunyuan game team, the Hunyuan game platform can accurately restore professional terms such as "thick coating", "celluloid", and "cyberpunk", and supports high consistency generation of various mainstream game styles and themes such as realism, cartoons, and oriental mythology. AI is becoming a new engine for Tencent's game business. In this year's first quarter earnings call, Tencent CEO Ma Huateng said that in the first quarter, Tencent's AI capabilities have made substantial contributions to businesses such as Evergreen Games. Not only Tencent, but also NetEase and Mihayou have increased their AI game layouts.

2025.05.07

12:20

33 Chinese companies were shortlisted in the top 100 global mobile game publishers in terms of revenue in April, and "Honor of Kings" returned to the top of the list

On May 7, SensorTower's WeChat official account released the global revenue rankings of Chinese mobile game publishers in April 2025. Data shows that in April, a total of 33 Chinese manufacturers were shortlisted in the TOP100 global mobile game publisher revenue list, with a total revenue of US$2 billion, accounting for 38.4% of the revenue of the global TOP100 mobile game publishers in this period. Among them, Tencent, Diandian Interactive, NetEase, Mihoyo and Lemon Micro Fun occupied the top 5 of the Chinese mobile game publisher revenue list. Specifically, "Honor of Kings" increased its global revenue by 71% in April, returning to the top of the global mobile game revenue list, driving Tencent's mobile game revenue to increase by 10%. Since its launch in late February, Diandian Interactive's mobile game "Kingshot" has continued to grow rapidly in revenue, up 209% in April, becoming a new growth point after the hit mobile game "Whiteout Survival", driving the publisher's revenue this period by 5%.

2025.03.19

07:59

Huatai Securities: The enhancement of technological attributes may raise the valuation level of game industry-related targets

Huatai Securities Research Report pointed out that on March 15, Anuttacon, an AI company founded by Mihoyo founder Cai Haoyu, officially released its first experimental work "Whispers from the Star", which reshaped the game narrative with real-time interaction driven by a large AI model. Players communicate with Stella, a girl who fell on an alien planet, through voice and text. Her heart rate, emotions and even survival decisions are generated by AI in real-time interaction. Huatai Securities believes that the experience of "player-character symbiosis" in the game has jumped out of the plot preset framework of traditional text games, verifying the incremental value that AI technology brings to the game industry. The enhancement of technological attributes may raise the valuation level of related targets in the game industry.

2025.03.11

14:08

Diandian Interactive's "Whiteout Survival" topped the list of overseas mobile game revenue in February

On March 11, Sensor Tower's official WeChat public account announced that Diandian Interactive's "Whiteout Survival" won the first place in the February mobile game revenue list. Data shows that as of the end of February, "Whiteout Survival" had accumulated global revenue of 2.07 billion US dollars. MiHoYo's "Honkai Impact 3rd", "Genshin Impact" and "Zero" ranked 5th, 15th and 16th respectively in the February mobile game revenue list.

2025.02.14

09:06

MiHoYo: More than 200 people held accountable for game leaks

MiHoYo announced on February 14 that it has been carrying out special operations to combat game leaks. So far, some of the gangs involved have been taken criminal coercive measures by the police, and many others have been given administrative penalties. In addition, MiHoYo has also held more than 200 leakers who maliciously spread the leaked content accountable, and obtained public apologies from the infringers. The highest amount of compensation awarded to a single infringer is 550,000 yuan.

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