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Tencent to Open Metaverse Division, Sources Say

Tencent Holdings is ready to construct an prolonged actuality (XR) unit, its immersive wing tasked with growing {hardware} and software program for future metaverse options, Reuters reported final week, citing three sources conversant in the matter.

Tencent will type the brand new XR division beneath its Interactive Leisure enterprise group and develop the corporate’s software program and {hardware} options beneath the management of Li Shen, Chief Expertise Officer of Tencent Video games, the sources defined within the report.

Based on the report, the secretive unit will make use of over 300 workers amid Tencent’s company-wide workers cuts, and also will consider the workers depend primarily based on the division’s efficiency metrics.

The Transfer to the Metaverse

The transfer comes as a number of the world’s high tech companies launch a large shift to turning into metaverse companies, particularly after Fb rebranded to Meta Platforms in October final yr, triggering different companies to comply with.

Microsoft, Disney, Sony Interactive Leisure, NVIDIA, TikTok proprietor ByteDance, Apple, HTC VIVE, Nextech AR, and plenty of others have begun exploring potential metaverse options, sparking an industry-wide exploration of use circumstances, purposes, applied sciences, and ecosystems.

The information follows developments from the Chinese language gaming and software program big, who stated in November final yr it could construct metaverse companies that adopted rules from the Chiense authorities.

Tencent President Martin Lau stated on the time there can be many applied sciences borrowed from gaming companies used “for the metaverse,” including he felt his enterprise had “a variety of the know-how and know-how constructing blocks” to discover and develop the Metaverse.

WeChat, Tencent’s widely-used messaging app, quickly suspended in April quite a few consumer accounts utilizing third-party blockchain companies in a crackdown on secondary gross sales of non-fungible tokens (NFTs) and blockchain companies, citing considerations over their speculative nature, earlier reviews discovered.





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