Why did miHoYo sell Genshin to HoYoverse?

'Genshin Impact' Developer miHoYo Has Rebranded as "HoYoverse" as it Seeks to Expand. If any Genshin Impact players have noticed a difference in their launch apps, it's probably because of the new name that developer miHoYo is sporting.

Why did Genshin change from miHoYo to HoYoverse?

The Reasons Behind the Name Change

As previously mentioned, the main reasoning for this name change is for miHoYo to move beyond the confinements of game development and delve into a much wider portfolio of different technologies and business fronts.

Why is Genshin Impact not owned by miHoYo?

Rumors about this have been circulating for a long time, but no one believed that this would happen. However, in December 2021, miHoYo announced that they were no longer developing the game. Genshin Impact is now run by their Singapore-based subsidiary – cognosphere.

Why is it HoYoverse and not MiHoYo?

The popular Chinese game dev team behind successful free-to-play games has recently rebranded as HoYoverse in order to denote a new era of its entertainment services. The developer seeks to expand past the realm of video games and into other forms of virtual entertainment.

Why did MiHoYo move to Singapore?

HoYoverse development will be focused in the city state

It will serve as a hub for “global distribution and operations” and work closely with other company offices. “Our team in Singapore will play a crucial role in broadening our global development and service network,” said HoYoverse and MiHoYo co-founder Liu Wei.

So miHoYo will end and become Hoyoverse it seems...

Did miHoYo get sued?

Chinese game developer miHoYo, creator of Genshin Impact, sues Minmetals trust firm in a case of speculative investment gone bad.

Why did miHoYo leave Genshin Impact?

Fortunately, the change appears to only have one purpose: facilitating more eligible payment options globally. miHoYo is registered in China, with headquarters in Shanghai, whereas Cognosphere is miHoYo's new proxy publishing label registered in Singapore.

Is miHoYo shutting down?

Unsurprisingly, the answer is no. The reason for the change is said to be due to the integration of various payment methods on Epic Games Store. According to miHoYo, “with more entities engaged, the publisher of Genshin Impact on Epic Games Store has been updated to COGNOSPHERE PTE. LTD.”

Why is miHoYo getting sued?

In June 2021, the police in Xuhui District, Shanghai, cracked down on a case of making and selling cheating programs for miHoYo's game named Genshin Impact.

Is miHoYo gone?

Genshin Impact studio miHoYo (via Kotaku) announced that it's changing its brand to HoYoverse. Like other companies before it, the company cites the reason for the change as its plans to expand its portfolio of content beyond just more video games.

What did HoYoverse do bad?

HoYoverse did not have a good reputation with how they portrayed darker-skinned characters even before Sumeru had been released.

Why did miHoYo redesign characters?

Mihoyo is based in Shanghai, China, and the changes were supposedly made in order to keep character designs in line with Chinese regulations, according to a fan-translated post from Mihoyo.

How much money has HoYoverse made from Genshin Impact?

Genshin Impact, the gacha action RPG by China-based developer HoYoverse, has generated a whopping US$3.7 billion from mobile players on the Apple App Store and Google Play in its first two years, according to a new report by mobile market analytics company Sensor Tower.

Did MiHoYo apologize?

Genshin Impact developer MiHoYo said in a statement to GamesRadar+: “We deeply regret the harm and damage that happened to our fans, gamers, community and anyone affected.

Why people quit Genshin?

Genshin Impact Players Are Quitting Over Gacha Fatigue

Understandably, fatigue can start to set in for these gacha mechanics. This is true for all players, but especially for those who've invested both time and money into pulling characters and weapons.

What do Japanese think of Genshin?

Players in Japan have mostly seen Genshin as either a homage to or a knockoff of the newest entry in one of the country's most beloved fantasy game franchises: The Legend of Zelda.

Why did China ban Genshin Impact?

A Genshin Impact player has allegedly been banned for 15 years for mocking the Chinese government and stating COVID-19 came from China.

Who got sued by Genshin?

Cognosphere, a subsidiary of MiHoYo and publisher of Genshin Impact, has taken legal action against leakers of its RPG. As reported by Axios, a Californian court's subpoenas seek the names, IP addresses, and phone numbers of the Twitter account users Merlin Impact, Genshin World, and XWides.

Who did Genshin sue?

The publisher of popular action-RPG/gacha game Genshin Impact files a lawsuit against communication platform Discord.

Is Genshin controlled by China?

The game, produced by Chinese company miHoYo and released in 2020, has quickly gained global popularity since its debut. By July 2022, it had 4.7 million downloads and a monthly revenue of $82 million, making it one of the fastest games to reach $1 million in revenue.

What is MiHoYo doing with their money?

The funds will be used for R&D of a "small tokamak experimental device based on high temperature superconducting material, and advanced magnet systems that can be used for the next generation of high-performance fusion devices." What's a tokamak to you?

Do Chinese people play Genshin?

Genshin Impact is China's most popular global video game, and Chinese food brands can't get enough of it.