米哈游，投出两个IPO

Core Viewpoint - The article discusses the recent IPO activities of MiniMax and Suplay, both of which have significant investments from miHoYo, highlighting the company's strategic positioning in the tech and gaming sectors [4][5][12]. Group 1: MiniMax IPO - MiniMax is set to officially IPO on January 9, with miHoYo being an angel investor holding a 7.34% stake prior to the listing [4][10]. - miHoYo's investment in MiniMax aligns with its strategy to integrate advanced AI technologies into its gaming products, enhancing game AI capabilities [10][11]. - miHoYo has also become a client of MiniMax, utilizing its models for various aspects of game development, including character behavior control and NPC dialogue [11]. Group 2: Suplay IPO - Suplay, focusing on trendy consumer products for Generation Z, submitted its IPO application on New Year's Day, with miHoYo as the largest external investor holding an 11.86% stake [5][13]. - miHoYo's investment in Suplay supports its expansion into IP derivative products, helping to reduce supply chain costs and reach a broader consumer base [12]. Group 3: Investment Strategy - miHoYo has been actively investing in various sectors since around 2018, transitioning from gaming-focused investments to include cutting-edge technologies [18][20]. - The company has invested in projects like brain-computer interfaces and private space technology, indicating a willingness to engage with high-risk, high-reward ventures [19][20]. - miHoYo's investment philosophy emphasizes supporting young, innovative founders who share a vision of technological advancement [22]. Group 4: Future Directions - The leadership transition at miHoYo, with Liu Wei taking over as chairman, signals a shift towards prioritizing research in frontier technologies and new project development [23]. - The company is also focusing on developing its own AI models to enhance game production efficiency, aiming for a 30% improvement in development processes [24][25]. - The competition for top talent in AI is highlighted as a critical factor for success in the tech industry, reflecting broader trends in global technology development [25][26].