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 increases $780 Million in the Chinese Metaverse Industry

Boosting investment in the Chinese Metaverse industry by around $780 million and by 2030 perhaps it will be enhanced to $5.8 trillion. Although 20 cities in China are supporting the Metaverse, there are 160,000 virtual human companies in the country.

Improving the Metaverse

According to a local media report, China’s metaverse industry has increased by $780 million (5.46 billion yuan) in budget and also reported added Although 20 cities in China are supporting the Metaverse, there are 160,000 virtual human companies in the country.

as per a report on the Chinese language news site, The Chinese metaverse industry will grow to be a $5.8 trillion industry by 2030.

The report said:Tencent and Netease Yaotai as pioneer video gaming companies are striving how to affect the Metaverse’s development.

These companies trying in a variety of ways, Tencent’s purpose is advocating the integration of artificial intelligence (AI) with the real economy, and on another side, Yaotai has focused on using cloud gaming and AI to create a system that improves interactions in the virtual world.

Important parts in Metaverse Companies

Commenting on Tencent’s efforts thus far, Wu Yunsheng, the company’s Cloud Vice President said:

For the implementation of technology, we will not clearly distinguish between 2B and 2C. The company’s metaverse technology has application scenarios in the 2B field (such as Baowu Steel), and there are also many attempts in the C-side QQ metaverse. Therefore, when we land, we will not strongly demonstrate whether it is 2B or 2C, but will only see what real value or convenience our technology can bring to people’s lives and production.

Liu Bai, the “person in charge” at Netease Yaotai contended that his company has various aspects of activity scenarios and almost “100 kinds of personalized clothing” that will be used for in-depth simulations.He said: “The most important positions in Metaverse companies are R&D, product planning, and art.”

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