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The metaverse is undoubtedly one of the most important trends and buzzwords in the world of technology today, and Chinese technical behemoths are not sitting on the sidelines to observe the action.

According to CNBC, Chinese mega unicorns are investing in the metaverse, despite many enterprises being cautious due to Beijing’s ongoing crackdown on digital companies.

American technology businesses, most notably Meta Platforms Inc, Google, and GameStop Corporation, have openly stated their intentions to enter the metaverse. While Chinese finances are presently being utilized to investigate this emerging trend in technology, figuring out how to incorporate the metaverse remains a key challenge that most Chinese enterprises are attempting to overcome.

According to Winston Ma, managing partner of CloudTree Ventures, the metaverse is the future of [the] social network. Therefore, all of China’s IT behemoths must embrace it to develop new methods to engage the younger generation of internet users, which is crucial when their business models for smartphones and mobile internet are maturing.

Tencent, the world’s largest gaming company, is among the Chinese companies that appear to have figured out metaverse integration. Tencent’s CEO, Ma Huateng, popularly known as Pony Ma, was quoted in the paper as saying that the metaverse will be a chance to boost existing sectors such as gaming. Ma also attributes the company’s positions as having “a lot of the technology and know-how building pieces” to investigate and create the metaverse.

The metaverse universe is not yet fully evolved, and there appear to be no signs of where it will go in the next decade. However, according to estimations, the Chinese metaverse might be worth over $8 trillion shortly, and firms now supply Virtual Reality, Gaming, and Social Media, such as Alibaba and ByteDance, among others, will not want to be left behind.

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