The indie team behind it is apparentely composed of around 40 people - they are now recruiting 19 more.
The studio was founded in 2014 by ex-Tencent employees.
There's a total of 72 Abilities/Actions (reference to Sun Wukong's 72 transformations).
There's also some RPG elements (take that as you will).
The game has been in development for 2 years now, with
Unreal Engine 4.
The team says during that time they've played games like nu-God of War, Monster Hunter World and Sekiro - learning from each title.
The game still needs at least 2 more years of development to be completed.
During which time the studio will probably look for funding/publishers to work with.
The founder Feng Ji also says that he plans on making Black Myth a game series.