China’s Wechat Adds Support for Digital Yuan Payments
Chinese social media platform Wechat has launched assist for the state-backed digital yuan in its well-liked cost app. Over a billion customers will now ostensibly...
Tencent to Offer Metaverse-Building Services for Asian Markets
Tencent, the Chinese software program and tech firm, has introduced its metaverse suite of providers designed to focus on Asian markets. The firm revealed that...
Chinese Tech Giants Tencent and Bytedance Plan Cuts in Their Metaverse Divisions
According to stories, Tencent and Bytedance, two Chinese tech giants, are planning to execute a big variety of job cuts of their metaverse divisions. Tencent...
Chinese Zhejiang Province Aims to Build a $28.7 Billion Metaverse Industry by 2025
Zhejiang, a coastal province of China, has offered a metaverse improvement plan that seeks to construct a metaverse hub in its territory. The plan goals...
Web3 Metaverse Company Hadean Raises $30 Million in Series A Funding Round Backed by Epic Games and Tencent
Hadean, an organization utilizing computing to scale digital and metaverse worlds, has efficiently closed its Series A funding spherical, elevating $30 million. Among the businesses...
China’s Metaverse Gaming Market Might Explode to Over $100 Billion According to JPMorgan
Analysts from JPMorgan consider that the metaverse gaming market might explode in China even with the present state of regulation, which presents sure difficulties for...
Report: Chinese Metaverse Industry Raises $780 Million in Funding
The Chinese metaverse business has reportedly raised about $780 million in funding and there are expectations this can develop to be a $5.8 trillion business...
Chinese Tech Giant Tencent to Shut Down NFT Platform Amid Trading Restrictions
China’s Tencent Holdings plans to close down its non-fungible token (NFT) platform Huanhe solely a yr after its launch. The social media big has reportedly...
Tencent Launches Extended Reality Unit to Tackle the Metaverse Market
Tencent, the Chinese expertise and leisure large, introduced the creation of its personal metaverse-driven division. The division, named the prolonged actuality unit, would be the...
Wechat to Prohibit Accounts From Providing Some NFT and Crypto Services
Tencent’s Wechat intends to impose penalties on public accounts facilitating secondary buying and selling of NFTs, a press report has revealed. Accounts providing transaction channels...