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Leadership Shuffle at HoYoverse: Liu Wei Takes Over as Chairman

By Xueyang
Sep. 19, 2023 updated 02:09

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HoYoverse has recently undergone significant changes in its corporate structure. According to data from Aiqicha (a Chinese data institution), Liu Wei, one of the co-founders, has taken over as the new Chairman, replacing the previous Chairman and co-founder, Cai Haoyu. Additionally, the company's registered capital has been reduced from approximately 334 million CNY to about 317 million CNY.

In response to the change, HoYoverse stated, "The distribution of duties within the founding team remains the same. Cai Haoyu will continue to focus on research and application of cutting-edge technologies, new project development, and coordination of domestic and overseas R&D resources. Liu Wei will carry on with his responsibility for managing company affairs."

Founded in February 2012, HoYoverse specializes in areas like anime design production, business information consultation, import and export of goods and technology, and telecommunications. A look into the company's equity structure reveals that it is jointly owned by Cai Haoyu, Liu Wei, Luo Yuhao, and Hangzhou Mi Art Investment Co., Ltd. Notably, Cai Haoyu still remains the largest shareholder of the company, holding a 41% stake.

The transition indicates a reorientation in the company's strategic focus, as it continues to expand and diversify its operations. The gaming community will be keenly watching how this shuffle affects the company's future projects and strategies.

Source: Weibo