"Genshin Impact" Developer Competes for Top Spot in Chinese Gaming Industry with Honkai Star Rail Update

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Source: Financial Times
TL;DR Summary

The maker of Genshin Impact, miHoYo, is aiming to become the top gaming company in China, currently dominated by Tencent. Genshin Impact has become a global hit, with over $1 billion in revenue since its launch in September 2020. However, miHoYo faces tough competition in China's gaming industry, with Tencent holding a 40% market share.

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