Genshin Impact: Razor’s Best Weapons

Of course, new companies need money and space, two things that grad students aren’t known for having in abundance. According to Wenhui Daily’s Wei Zhong , the nascent miHoYo corporation received an interest-free loan from the Shanghai Science and Technology Entrepreneurship Center of 100,000 yuan (approximately 20,000 US dollars in today’s currency). Additionally, the Entrepreneurship Center provided fifty square meters of rent-free office space for the company’s first six months.

Genshin Impact has garnered a massive following across the world. With gorgeous visuals, endearing characters, and gameplay that keeps players coming back time and again, it’s one of the biggest success stories in gaming from the last few years.

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According to China’s Securities Times , by the end of 2020 (Genshin Impact was released in September of that year) the game was pulling in roughly six million USD per day, with its high point being a fourteen-million-dollar day on 21 October. The withdrawal of the IPO and Genshin Impact’s record revenue meant that company owners Cai Haoyu, Liu Wei, and Luo Yuhao — already on the rise following the success of Honkai Impact 3rd — were now very, very rich .

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The game’s success was a good thing, too — miHoYo spent an estimated one hundred million USD on the game’s marketing and development, making Genshin Impact one of the most expensive games of all time to produce , costing more after adjusting for inflation than The Witcher 3 .

The trio still wanted to create anime-style games despite the fact that these weren’t seen as profitable in China at the time. Liu Wei, who had become miHoYo’s president, believed this was an untapped market. He believed that content created by fans for fans would lead to repeat business by developing brand loyalty. Even as miHoYo’s fortunes would grow over the coming decade, most of the company’s early hires were players; miHoYo had yet to prove that anime games were a respectable business, which limited their applicant pool and bringing devoted players on board fit with the company’s philosophy that fans would make the best product.