metaverse Archives

Baidu VP Ma Jie Resigns, Metaverse Business “Xi Rang” Faces Marginalization Crisis

Baidu's Vice President Ma Jie, who was also in charge of the company's metaverse business "Xi Rang", has recently resigned. Despite the Xi Rang team not being disbanded, its future is uncertain as some members have already transferred or left the company.

Pop Star Jay Chou and China Mobile Ink Collaboration for Development of Metaverse

On May 8th, Taiwanese singer, songwriter, and record producer Jay Chou signed cooperation agreement with state-owned China Mobile in the field of metaverse.

XCMG Group Releases Web3 Exploration Plan

Following along with the concepts of Metaverse and Web3, Xuzhou Construction Machinery Group (XCMG ) announced the Bored Ape NFT series number #3489 as its ambassador at the construction machinery exhibition at the Las Vegas Metaverse, and released its Web3 exploration linkage plan.

PG Verse Receives Millions of Dollars in Pre-A Round Financing

PG Verse announced the completion of a Pre-A round financing worth several millions of dollars. This round of financing was funded by New Access Capital, BlueRun Ventures and Youshan Capital. The funds are aimed at bolstering the company's Metaverse ambitions and its underlying technology, including the integration of "R&D + Algorithm + Computing Power" such as spatial computing, AIGC and 3D cloud services, and accelerate the process of commercial applications.

Shenzhen-Based Tagging Launches Social Product Integrating Digital Characters with ChatGPT

Tagging, a Chinese metaverse social application developer, released an app based on ChatGPT technology - Tagging X GPT-3, which combines tags and digital characters.

Alibaba Cloud, HashKey and PlatON to Bring Web3 Global Startup Competition to Four Major Cities

Digital asset financial services group HashKey Digital Asset Group, along with its partners, public cloud IaaS service provider Alibaba Cloud and internet infrastructure protocol PlatON, will co-host HAPathon 2023, a Web3 global startup competition.

MultiMetaVerse to Acquire Majority Stake in “Mole’s World” Developer Taomee

MultiMetaVerse, an animation and entertainment company serving young consumers in China, announced on January 12 that it has entered into a non-binding letter of intent with Orient TM Ruibo to acquire a 72.81% equity stake in Taomee, an interactive entertainment group.

Tencent’s XR Business Stops Operation

Tencent's extended reality (XR) business has suspended operation, affecting a team of more than 300 people, and it is not yet known whether there will be any major personnel adjustments soon.

Shanghai-Based Games Publisher miHoYo Accelerates Global Expansion

Liu Wei, the founder and president of Shanghai-based games publisher miHoYo, said on January 10 that relying on Shanghai's innovative and entrepreneurial environment, the company's global business has made great progress.

Baidu to Launch XiRang MetaStack, Enabling Metaverse Construction in 40 Days

Ma Jie, the vice president of Baidu, said on January 4 that the tech giant is set to unveil a metaverse solution called XiRang MetaStack. The solution enables the creation of an independent metaverse in only 40 days, which would have otherwise taken from six months to a year to complete.

ByteDance Launches Douyin Chat as Firm’s Exploration of Social Media Continues

ByteDance's Douyin, a short video app that is the counterpart of TikTok for mainland China, recently launched desktop software on its official website called "Douyin Chat," providing service for Windows and Mac clients.

Alibaba’s Taobao to Launch First Metaverse Livestreaming Channel

Taobao, an e-commerce platform owned by Alibaba, is conducting final tests before launching its first metaverse livestreaming product.

Metaverse Platform Yahaha Bags $40M in Round-A+ Financing Led by Temasek and Alibaba

Virtual user-generated content metaverse platform Yahaha announced on November 15 that it has completed round-A+ financing totaling $40 million, jointly led by Temasek and Alibaba and followed by 37 Interactive Entertainment.

Chinese Organizations in Silicon Valley Recommend New Jobs for Laid-Off Meta Staff

On the evening of November 9, Meta CEO Mark Zuckerberg announced that the company would lay off 13% of its workforce, affecting more than 11,000 employees. Many Chinese organizations in Silicon Valley have begun to recommend each other for new job opportunities.

Marketing Firm Serotonin on Web3’s Remarkable Impact on the Gaming Field

Serotonin, the leading marketing agency in Web3 field, published a report on November 2 to demonstrate how both studios and gamers can benefit tremendously from Web3.

Comedian Stephen Chow Hints at Bringing His Film Character to Metaverse

Stephen Chow, a Hong Kong comedian, filmmaker and actor known for Shaolin Soccer and Kung Fu Hustle, posted on Instagram on October 31 to ask which of his movie characters people would most like to see in the metaverse, hinting that he will introduce his own characters to the Web3 world.