At the end of 2024, the market value of the Chinese company miHoYo reached $24.2 billion, according to data from the Hurun Research Institute. This valuation allowed the creators of Genshin Impact to secure the 48th place in the annual ranking of the most valuable companies in China.
Genshin Impact
miHoYo has been among the top 500 largest companies in China for three consecutive years. In 2022, it debuted at the 253rd position with a market value of $7.1 billion. A year later, miHoYo climbed to the 51st spot, with its value rising to $22.4 billion. Following this, the company's growth noticeably slowed.
Below are all the game-related companies that made it into the top 500 most valuable in China by the end of 2024. In parentheses are the market values, and if known, how they changed over the year.
- Tencent — 2nd place ($473 billion, +20%);
- ByteDance — 3rd place ($225.4 billion, +16%);
- Alibaba — 4th place ($213 billion, -1.8%);
- NetEase — 19th place ($54.8 billion, -26.3%);
- Kuaishou Technology — 40th place ($28.2 billion, -13.2%);
- miHoYo — 48th place ($24.2 billion, +8%);
- Galaxy Entertainment Group — 75th place ($18.1 billion, -25.2%);
- IGS — 184th place ($8.4 billion);
- Kunlun — 199th place ($8 billion, +35.6%);
- Bilibili — 203rd place ($7.9 billion, +27%);
- Animoca Brands — 308th place ($5.6 billion, unchanged);
- 37 Interactive Entertainment — 329th place ($5.3 billion, -27.4%);
- Kingsoft Corporation — 360th place ($4.9 billion, -10.9%);
- Kingnet Network — 450th place ($4 billion).
Note: When compiling the rankings, Hurun Research Institute considered company valuations as of November 15, 2024. For public companies, data from the stock exchange were used, while for private companies, analysts determined the valuation based on exchange data of similar-sized firms.