MiHoYo Hits $23 Billion Valuation, Joins Top 15 Private Firms

xtameem· 7/5/2026

<img alt="https://c2c.fp.guinfra.com/file/6625b43f4b00bb828b18960dxtYvCef003" height="450" src="https://c2c.fp.guinfra.com/file/6625b43f4b00bb828b18960dxtYvCef003" style="display: block; margin: 16px auto; margin-bottom: 16px !important;;font-family:Arial;" width="800"/> MiHoYo, the developer behind the popular game Genshin Impact, has made a remarkable achievement by securing a position among the top 15 largest private companies globally. With a staggering valuation of $23 billion, MiHoYo has emerged as the most valuable game developer on the prestigious Hurun Research Institute's sixth annual Global Unicorn Index. The Hurun Research Institute's Global Unicorn Index is a renowned platform that evaluates and ranks private companies and startups with a valuation of at least $1 billion. This index encompasses companies established in the 2000s that are not yet publicly listed. MiHoYo's impressive valuation places it at the 12th spot on the list, positioned between Citadel Securities and Telegram. This extraordinary feat signifies a substantial ascent for MiHoYo, as it has surged 91 positions from the previous year when its market cap stood at $7.2 billion. Moreover, the index features other prominent companies in the gaming industry, including Niantic, Dream11, and Haegin. However, MiHoYo stands out as the highest-valued privately-owned gaming company within this distinguished ranking. Undoubtedly, the success of MiHoYo can be largely attributed to the phenomenal reception of Genshin Impact. The game's immense popularity and impact have played a pivotal role in propelling MiHoYo to such remarkable heights within the industry. Genesis Crystal: Usage and Acquisition Genesis Crystals serve as the premium in-game currency within the enchanting world of <a data-skip="rel=ler" href="https://lootbar.gg/top-up/genshin-impact?utm_source=blog" style=";font-family:Arial;"> Genesis Impact </a> , allowing players to acquire unique characters, weapons, and other valuable resources to elevate their gaming experience. These coveted crystals can be earned through in-game progression, participating in special events, and through periodic rewards, but they are most commonly obtained by topping up on various game trading platforms. By using real-w