Hurun Research Institute has published an annual ranking of the world's largest non-listed companies. The studio miHoYo was among the leaders.

Genshin Impact

Important: Hurun Research Institute included in the rating only those companies that were founded after 2000. Experts indicated data as of January 1, 2024, but before the publication of the rating, they updated the value of those companies for which it had changed significantly.

Developers Genshin Impact and Honkai: Star Rail ranked in the top 12 right after Telegram. The cost of miHoYo was estimated at $ 23 billion. For comparison, a year earlier, miHoYo was also in the top, but was located in 103 place with an estimate of $ 7.2 billion.

A total of 27 gaming-related companies were included in the Hurun Research Institute rating:

  • 12th place — miHoYo ($23 billion);
  • 67th place — Niantic ($9 billion);
  • 83rd place — Dream11 ($8 billion);
  • 83rd place — Haegin ($8 billion);
  • 135th place — Animoca Brands ($5.9 billion);
  • 157th place — Moon Active ($5 billion);
  • 172nd place — Scopely ($4.9 billion);
  • 193rd place — Sorare (4.3 billion dollars);
  • 243rd place — Duoyi ($3.8 billion);
  • 270 place — Rec Room ($3.5 billion);
  • 287th place — Improbable (3.4 billion dollars);
  • 314th place — Lilith ($3.1 billion);
  • 320th place — Sky Mavis ($3 billion);
  • 320th place — Wildlife Studios ($3 billion);
  • 3rd place — Dream Games ($2.8 billion);
  • 422nd place — Games 24X7 ($2.5 billion);
  • 482nd place — Mobile Premier League ($2.3 billion);
  • 495 place — VNG ($2.2 billion);
  • 537th place — Boke ($2 billion);
  • 634th place — Thatgamecompany ($1.9 billion);
  • 634th place — Voodoo ($1.9 billion);
  • 680th place — Kuro Games ($1.7 billion);
  • 680th place — Vspn ($1.7 billion);
  • 759th place — 1047 Games ($1.5 billion);
  • 846th place — Tripledot ($1.4 billion);
  • 911th place — Mythical Games ($1.3 billion);
  • 1118th place — Playco ($1 billion).

The largest private company according to Hurun Research Institute was ByteDance, whose value exceeded 220 billion dollars. SpaceX ($180 billion) and OpenAI ($100 billion) are also among the three most expensive companies.

Top 15 most expensive private companies according to Hurun Research Institute

A source:

Hurun Global Unicorn List 2024

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