The company was co-founded by Yu Zheng and Yang Le and is headquartered in Chaoyang District, Beijing.

Huanyu Entertainment was founded in 2012 by Yu Zheng and Yang Le, both television producers from mainland China.

[1][2] In 2018, Huanyu Entertainment's costume drama Story of Yanxi Palace, which was broadcast on iQIYI, amassed over 15 billion views on the platform.

[4] Story of Yanxi Palace ultimately became the most Googled television series of 2018, despite the search engine being heavily restricted in China.

This is the first "Film & Television" themed museum dedicated to promoting China's intangible cultural heritage.