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Alibaba in metaverse gaming move as Big Tech bets on potential

Alibaba Group Holding has registered a new company in Beijing named Yuanjing Shengsheng to test the gaming potential of the metaverse, in the latest sign that China’s Big Tech firms are doubling down on what many see as the future of the internet. The new unit, wholly owned by Alibaba’s investment arm, has listed its major business as software development...
United States Hong Kong City Of United Kingdom Neal Stephenson Yuanjing Shengsheng

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More and more Chinese tech giants, including search-engine Baidu, are trademarking metaverse terms even as China continues to issue warnings about it

The Metaverse booth is pictured during the media day of Apsara Conference 2021 on October 18, 2021 in Hangzhou, Zhejiang Province of China. The Apsara
Hong Kong Ali Metaverse China Ministry Of State Security China Institutes Of Contemporary International Relations Apsara Conference Zhejiang Province

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