Shanghai-based video gaming company miHoYo, creator of global hit action role-playing game Genshin Impact, plans to add hundreds of jobs by the end of this year in Singapore where it has decided to be the site of its metaverse subsidiary’s headquarters.
miHoYo has picked Singapore as the headquarter of HoYoverse, a metaverse unit announced by miHoYo in February. The office will serve as a hub for “global distribution and operations,” and will work closely with the company’s other offices to provide technical support for game development.
HoYoverse is currently hiring employees for 51 new positions in Singapore, according to the job advertisement posed on miHoYo’s career webpage.
Singapore because MiHoYo’s sixth office after Shanghai, Montréal, Los Angeles, Tokyo and Seoul.
Meanwhile, miHoYo invested 100 million yuan for an 18 percent stake of a fund called Qingdao Tongge Phase I Venture Capital Fund Partnership, which focuses on investing startups in the fields of VR, AR, smart vehicles and semiconductors.
The new headquarters and the 100 million yuan investment is align with commitment made by miHoYo co-founder Cai Haoyu who aims to create a virtual world like the one described in the film-Ready Player One.
“Our mission in setting up HoYoverse is to create a vast and content-driven virtual world that combines games, anime, and other diverse types of entertainment, which will provide players worldwide with a high level of freedom and immersion,” Cai Haoyu, co-founder and CEO of MiHoYo, said in a statement.
Cai added that HoYoverse will make consistent research and development in fields such as artificial intelligence, cloud computing, and infrastructure to meet the expectations of players worldwide for a virtual world experience.