Metaverse Startup Flowing Cloud Lists in Hong Kong, Flat R&D Investment Raises Concern

(Source: Flowing Cloud)

AR and VR services provider Flowing Cloud was officially listed on the Hong Kong Stock Exchange on October 18 as its first metaverse-related stock, with an opening price of HK$2.21 ($0.28) per share, equal to the issue price. However, shares then saw a 2.36% fall to HK$2.07 on October 19, resulting in a total market value of about…