Recently, a player made a 'shocking' discovery while searching company records: APEX TOYS, the manufacturer producing figures for *Arknights*, is partially owned by Mihoyo. The original poster shared screenshots from Qichacha, asking if this meant that every time Hypergryph (YJ) sells a figure, a portion of the revenue flows to Mihoyo.



The post sparked an immediate stir in the community. Many netizens dismissed it as standard business practice, with one remarking, 'Mihoyo holds stakes in countless firms across the entire ACG supply chain; this is hardly surprising.' Players pointed out that Mihoyo has invested in everything from art commissioning platforms like Mihuashe and merchandise retailers like ChaoWan Xingqiu, to voice actor studios, aiming to dominate the ACG industry landscape. Experienced observers commented, 'There's no need to force a narrative about the relationship between the two game developers. This is clearly just Mihoyo's strategy to capture the merchandise market—everyone is already used to this.'
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