Popular video game Genshin Impact developer miHoYo announced on Monday the launch of HoYoverse for its global expansion while hinting its entry into the metaverse race.

Fast facts

  • The China-based game developer wants to provide a virtual world with a “high level of freedom and immersion,” miHoYo CEO Haoyu Cai said in a statement. 
  • Global tech leaders such as Microsoft and Meta have jumped on the metaverse bandwagon and Chinese tech giants such as Tencent and ByteDance already joined the race.