米哈游，投出两个IPO

Core Viewpoint - MiniMax is set to IPO on January 9, with miHoYo as an early investor holding 7.34% of shares, showcasing its strategic investment in AI technology [4][9]. - Suplay, another company backed by miHoYo, has also submitted its IPO application, with miHoYo holding 11.86% [4][10]. Group 1: Investment Strategy - miHoYo has been actively investing in various companies since 2018, leveraging its cash flow from successful games to explore new technologies and industries [5][13]. - The company has made significant investments in AI and metaverse technologies, aiming to reduce costs and enhance its gaming products through partnerships with firms like MiniMax [9][11]. - miHoYo's investment in Suplay aligns with its strategy to expand its IP derivative product offerings and reach younger consumer demographics [11][12]. Group 2: Company Background and Growth - miHoYo was founded in 2011 by three individuals, starting with a small loan and facing early financial challenges before achieving significant success with its games [13][14]. - The company has evolved into a prominent player in the VC space, making numerous investments across various sectors, including cutting-edge technologies like brain-computer interfaces [15][17]. - miHoYo's investment philosophy is characterized by a willingness to support young, innovative founders who share a vision of technological advancement [17][18]. Group 3: Future Prospects - The company is focusing on enhancing its AI capabilities, with its self-developed model reportedly improving development efficiency by over 30% [19]. - miHoYo's leadership transition, with Liu Wei taking over as chairman, indicates a strategic shift towards further technological research and development [18][19]. - The competitive landscape emphasizes the importance of attracting top talent in the AI sector, which is crucial for future growth and innovation [19].