Chinese official media has ranked miHoYo, the developer behind Genshin Impact and Honkai: Star Rail, among the most valuable gaming companies in China. This come from the 2025 World Brand Moganshan Conference in China, some chinese boards has published some screens taken in the conference where we can see that miHoYo’s market valuation has surged, placing it alongside industry giants like Tencent and NetEase. This recognition highlights the company’s rapid growth, global influence, and dominance in the mobile gaming sector.
This news does not come without questions. The ranking has started some conversations about miHoYo’s business model, monetization strategies, and long-term sustainability. While the company has achieved record-breaking revenue, some players have voiced concerns over its gacha mechanics and aggressive monetization in their games. However, despite these criticisms, miHoYo continues to expand its portfolio, with new projects rumored to be in development.
The ranking includes brands like Lenovo, Xiaomi, Huawei, BYD, OPPO, Tencent, ByteDance, Deepseek (IA), Pinduoduo, Alibaba, Hisense, etc. But when we talk about games, beyond financial achievements, miHoYo’s market influence raises questions about the future of mobile gaming. With Chinese gaming regulations tightening, developers must adapt to evolving policies while maintaining profitability. Let’s see how MiHoyo is doing with the new projects they are announcing.
