In recent developments, several companies under the umbrella of HoYoverse (known as miHoYo in China) have witnessed changes in their corporate leadership. Liu Wei, the co-founder and chairman of HoYoverse, has relinquished his positions as the legal representative and executive director in favor of Chen Xi, who has taken up these roles.
The affected companies in this corporate reshuffle include Shanghai miHoYo Tianming Technology Co., Ltd., Shanghai miHoYo Yingtie Technology Co., Ltd., Shanghai miHoYo Argo Technology Co., Ltd., and Shanghai miHoYo Liyue Technology Co., Ltd. All of these entities are wholly owned subsidiaries of Shanghai miHoYo Network Technology Co., Ltd.
miHoYo's subsidiaries, via Aiqicha
Notably, changes in corporate leadership within HoYoverse have been a topic of discussion in recent months. In September of this year, Shanghai HoYoverse Network Technology Co., Ltd. saw a shift in its corporate governance when co-founder Cai Haoyu stepped down as the legal representative and chairman, with Liu Wei assuming these responsibilities. According to shareholder information, the company is currently jointly held by three co-founders and Hangzhou MiYi Investment Co., Ltd. Among the co-founders, Cai Haoyu, Liu Wei, and Luo Yuhao hold approximately 41%, 22.6%, and 21.4% of the shares, respectively.
miHoYo's leadership shift
These changes mark a significant transition within the HoYoverse organization, raising questions about the company's future direction and strategies. As the gaming industry continues to evolve, HoYoverse's shifting leadership landscape will undoubtedly be closely observed by industry enthusiasts and investors alike.
Source: Aiqicha