"Genshin Impact Developer Hits $23 Billion Valuation"

Chinese developer Mihoyo, known for the popular gacha roleplaying game Genshin Impact, has been valued at $23 billion, making it the most valuable private gaming-focused company in the world. The company's rapid rise in valuation is attributed to the global success of Genshin Impact and its previous title, Honkai: Star Rail. Mihoyo's latest game, Zenless Zone Zero, is also generating anticipation as it nears release on PC and PS5.