米哈游这下扬眉吐气了：一个多月，投资的三家公司申请IPO

Core Insights - MiHoYo has recently gained attention in the capital market with three companies it invested in filing for IPOs on the Hong Kong Stock Exchange [1][31] - The companies include Soulgate, MiniMax, and Suplay, showcasing MiHoYo's diverse investment portfolio across various sectors [31] Investment Overview - MiHoYo has directly invested in 30 companies, covering areas such as animation production, art, voice acting, distribution, artificial intelligence, fusion energy, and commercial aerospace [31][32] - The investment strategy prior to 2021 focused on enhancing its gaming ecosystem, while post-2021 investments have shifted towards high-tech sectors [19][51] Specific Investments - Notable investments include: - Soulgate, a social app, where MiHoYo is the second-largest institutional shareholder [31] - MiniMax, an AI company, which plans to go public on January 9, 2026, with MiHoYo as a significant investor [31] - Suplay, which has been authorized to develop merchandise based on MiHoYo's IPs, including products that have generated over 50 million RMB in GMV [17][31] Historical Context - MiHoYo's investment in companies like MiHuaShi (art outsourcing) and WuLiFang (animation production) has provided substantial support for its game titles, demonstrating a high utilization rate of these investments [35][38] - The company has also invested in various IP derivative products, such as those from Apex-Toys and AiMan Animation, which have expanded its merchandise offerings [44][48] Shift in Investment Strategy - Starting in 2021, MiHoYo's investment direction broadened significantly, focusing on cutting-edge technologies like brain-computer interfaces and fusion energy [19][54] - Collaborations with institutions like Shanghai Jiao Tong University for research on brain-machine interfaces highlight this strategic pivot [51][54] Future Prospects - MiHoYo's investments in AI and XR technologies, such as MiniMax and WanYouYingLi, suggest a forward-looking approach aimed at integrating advanced technologies into its gaming and content production processes [24][59][62] - The company's vision includes creating a virtual world that a billion people would want to inhabit by 2030, indicating ambitious long-term goals [62]