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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, Hoyoverse musical update 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.

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 .

One of the main reasons why the Song of Broken Pines is the best weapon for Razor is the base attack. It's classed as one of the highest in the game which will allow this DPS to really do some work on the enemies. However, it's not just the base stats that allow this weapon to shoot above the rest. The bonuses Song of Broken Pines grants you makes it undeniably worth the hassle to get hold

The Liyue Local Specialties are utilized in various crafting and cooking recipes, but they are most desired for their use in character ascension. All characters that call Liyue their home will use one of these materials in order to ascend, which means that collecting the Liyue Specialties is extremely beneficial to building a strong t

Many of miHoYo's early games center around anime schoolgirls battling hordes of zombies with 2014's Honkai Gakuen 2 (released in the West as Gun Girl Z ) being their third game and their first commercial success. Liu Wei would rather recall in an interview watching in astonishment as his Alipay account (a Paypal equivalent created by Chinese giant Alibaba) continued to grow throughout the game's first days. "I was young and had millions in my pockets," he says. "Couldn't have been more excited." It wasn't until their next title, Honkai Impact 3rd , however, that they truly had a worldwide breakout hit.

Of course, astounding success in China means having to play ball with the Chinese Communist Party. On 24 September 2021 miHoYo elected a Party Committee, chaired by Liu Wei, making the company an official arm of the Party . Joining the Party, whether as a corporation or as an individual, is often a necessary step for social mobility and fewer than ten percent of applicants get in .

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.

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