Genshin Impact Developer Mihoyo Valued at $23B, Becomes 12th Most Valuable Private Gaming Company
• Mihoyo, developer of popular gacha game Genshin Impact, valued at $23 billion making it most valuable private gaming company • Jumped 91 spots to 12th highest valued company on Hurun Research Institute's Global Unicorn Index • Genshin Impact initially written off as clone of Breath of the Wild but attracted huge audience since launch • Mihoyo's other major title Honkai Star Rail also performing well as ongoing revenue generators • Despite success, Mihoyo continues developing - latest stylish action RPG Zenless Zone Zero nearing release for PC and PS5