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Beijing likely to support metaverse if it obeys state rules, says Tencent

November 12, 2021
Source: thebl.com thebl.com
News Snapshot:
Chinese social media giant Tencent Holdings expects the communist country characterized by harsh internet censorship to support the operation of ‘metaverse’ virtual environment services as long as they comply with state rules, Reuters reported. While welcoming the potential for gaming business opportunities in a post-earnings call on Wednesday, Tencent publicly acknowledged the essential difference between China’s version of the metaverse and that of the rest of the world. “The Chinese government will be in support of the development of such technologies as long as the user experience is actually provided under the regulatory framework,” said Tencent president Martin Lau. “There’s...
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