Connect with us

Search And You Shall Find

The AXO

Daily News

Mihoyo Rakes In More Than 5 Billion Yuan From Genshin Impact In 2020 Since September Launch

Mihoyo 2020 sales Soar From GEnshin Impact

Mihoyo, the Chinese developer of Genshin Impact has doubled its revenue last year to almost 5.12 Billion RMB. The achievement was solely from the game Genshin Impact and it only accounts from launch till the end of the year 2020.

Mihoyo 2020 Sales Soar From Genshin Impact

Mihoyo 2020 Sales Soar From Genshin Impact

MiHoYo is a Shanghai-based game development company, and it has racked up more than 5 billion RMB in sales in 2020 alone. This is all thanks to the growing popularity of their hit action-adventure RPG title “Genshin Impact”, which debuted last September 2020. In an online speech, the game studio’s co-founder and president, Cai Haoyu, told fellow alumni from Shanghai Jiaotong University that MiHoYo has increased its headcount by 70% to 2,400 people last year.

Genshin Impact is a role-playing gacha game, where players unlock characters and weapons to build their own teams to adventure in the world of Teyvat. The loot boxes are called Wishes, and these are the items players pay real money for in-game, the primary source of MiHoYo’s profits for its free-to-play game title.

Mihoyo 2020 Sales Soar From Genshin Impact

Despite drawing criticism for borrowing elements from Nintendo’s Zelda: Breath of the Wild from the Switch console, the game has been largely celebrated by fans and critics. It even managed to be shortlisted in two categories for The Game Awards 2020 – Best RPG and Best Mobile Game.

According to researcher Sensor Tower, Genshin Impact generated almost US$400 million in global player spending on mobile within the first two months alone. The game does feature cross-platform playability – on PC, console, as well as mobile – it is one of the examples of a Chinese-developed title that took off globally, benefitting from a boom in the industry as many begin demanding in-home entertainment during Covid-19.

MiHoYo was started in 2011 by Cai and two classmates at Jiaotong University, the studio has since attracted many fans and gained their loyalty with previous hit mobile games such as Honkai Impact 3rd. With the new Genshin Impact v1.3 update released, fans are eager in waiting for more content to be released by MiHoYo.

Advertisement. Scroll to continue reading.
Mihoyo Rakes In More Than 5 Billion Yuan From Genshin Impact In 2020 Since September Launch 5

Source: The Star

You may also find the links below useful:

Written By

Chief Content Developer at The AXO

Next Read

Daily News

The Honkai Impact 3rd X Genshin Impact collaboration has been long awaited, and developer and publisher, miHoYo, has finally officially announced the crossover event....

Daily News

Razer today announced the Razer Raptor 27, which is the latest version of its multi-award-winning gaming monitor. With a 165Hz display and 1ms response...

Daily News

Razer today announced the new Razer Blade 14, that’s powered by an AMD processor. Announced at the company’s keynote during E3, After a three-year...

Gaming

Launched fresh from the ROG HQ, the Asus ROG Gladius III Wireless gaming mouse is the company’s latest optical gaming mouse, launched alongside the...

Gaming

This is the Asus ROG Claymore II, which is the second ROG keyboard we’ve ever gotten on our hands. The first being the ROG...

Daily News

ASUS today announced an all-new graphics card series based on the latest NVIDIA® GeForce RTX™ 3080 Ti and GeForce RTX 3070 Ti GPUs. Powered...

Accessories

Razer today announced the Razer Opus X, its latest addition to its family of wireless lifestyle audio products. Compared to the original Razer Opus,...

Advertisement
Advertisement
Advertisement
Advertisement