According to several reports coming from the Far Eastern media, Chinese video game developer miHoYo received subsidies from “Shanghai Xuhui District Office Culture and Tourism” for its metaverse project HoYoverse.
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The official list contains about 40 projects, but only four of them seem to be video games related. The Shanghai-based video game maker received the official support for its subsidiary HoYoverse’s Honkai: Star Rail, however, it should be noted that the official page that lists the projects is currently down, hence taking the news with a pinch of salt is recommended for the time being.
Honkai: Star Rail is an upcoming free-to-play roleplaying game and it will be the fourth installment in the series. The game will feature characters from earlier titles and introduce a number of new ones. The turn-based strategy game doesn’t have a release yet. HoYoverse will push the title on iOS, Android, and PC.
Earlier last month, miHoYo picked Singapore as the headquarters for HoYoverse and the studio has been operating mainly from the island country since then.
China’s regulatory body has been enforcing tight restrictions on video game companies, and major players like Tencent, NetEase, and many others having a tough time getting new video game licenses.
It took NetEase quite a long time to launch Diablo Immortal in China, despite acquiring the license earlier, however, that story also had some other complications, but still related to restrictions in the country.
Thanks for the heads-up, gamingonphone!
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