who owns mihoyo

MiHoYo Ownership Overview MiHoYo, the Shanghai-based video game developer behind hits like Genshin Impact and Zenless Zone Zero , remains privately held with ownership concentrated among its founders. Founded in 2012 by Cai Haoyu, Liu Wei, and Luo Yuhao—former classmates from Shanghai Jiao Tong University—the company has grown into a global powerhouse without external investors dominating its structure.

Core Shareholders

• Cai Haoyu : Controls 41% of shares, serving as the largest shareholder, legal representative, and actual controller; he was chairman until a 2023 leadership shift.

• Liu Wei : Holds 22.6% and took over as chairman and legal representative in recent updates.

• Luo Yuhao : Owns 21.4%, acting as a director alongside Liu.

• Hangzhou Miyi Investment Co., Ltd. : Accounts for the remaining 15%.

These stakes reflect data from public registries and Wikipedia as of late 2025, showing no major changes like public listings or acquisitions.

Leadership Shuffles

In 2023, Cai Haoyu stepped down as chairman, passing the role to Liu Wei amid routine governance tweaks at the privately-held firm; registered capital was slightly reduced to 317 million yuan (~$43 million). No indications of external ownership or sales have surfaced in recent forums or news, keeping it founder-led.

Trending Context

Online discussions, like Reddit threads from 2021-2025, often affirm MiHoYo's "innocence" in fan controversies, focusing on its independence rather than ownership drama. As of December 2025, no fresh scandals or buyouts trend—it's still the trio's baby, fueling speculation on future IPOs but nothing confirmed.

TL;DR : Founders Cai (41%), Liu (22.6%), and Luo (21.4%) own MiHoYo, with 15% via an investment firm—stable since inception.

Information gathered from public forums or data available on the internet and portrayed here.