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Chinese internet giants race to the metaverse

December 13, 2021
Source: timesofnews.com timesofnews.com
News Snapshot:
Photo: VCG Chinese internet giants scrambled to snag a spot in the metaverse, a concept that has gone viral this year. The country’s three online behemoths or “BAT” for Baidu, Alibaba and Tencent, which have reaped large profits from the development of the internet over the past decades, have got a head start towards the metaverse, which is widely defined as an alternative digital reality where people work, play and socialize. Alibaba took a step further by registering several trademarks, including “Ali Metaverse.” The prospective company with a 10 million yuan ($1.58 million) investment by Alibaba is related with metaverse,...
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