On August 15, Shanghai-based VR content production company Forking VR announced its completion of a pre-A round of financing totaling tens of millions of yuan, with investment from Sequoia China Seed Fund.
This week: US game developer Unity to spin off China unit to tap the country's metaverse market, Chinese bitcoin mining rig maker Canaan mulls US expansion despite crypto winter, and more.
On August 3, Tai Group, a Hong Kong based investment holding group, announced that it had completed the acquisition of Huobi Chat, a social product owned by Huobi Group, a virtual asset financial service provider.
StarHeir Technology, a virtual fashion startup, has recently completed two rounds of financing totaling tens of millions of yuan, with investors including Cathay Capital, New World Development Company Limited, X Museum and its exisiting shareholder NetEase.
Chinese tech giants, startups, and regulators appear set to play a critical role in the internet’s coming Web3 metamorphosis.
The Sandbox announced a new partnership on July 27 with global gaming company Gravity, aimed at bringing Ragnarok, a massively multiplayer online role-playing game created by Gravity, into the metaverse.
This week: Tencent's NFT marketplace Huanhe to close down, Zipmex becomes latest crypto exchange to halt withdrawals, Hong Kong monetary chief said crypto and DeFi won't disappear, and more.
Shuzi Lichang, a metaverse-based digital assets technological services provider, has received tens of millions of yuan in angel-round financing from Baidu Ventures, which will be used for the underlying technologies related to virtual assets.
On July 13, the HASHII encrypted digital print was jointly released by Inmyshow Digital, a new media marketing company, and Skyworth, a television manufacturer.
Builtopia, a metaverse technology service provider, has recently completed a seed round financing worth tens of millions of yuan led by Shunwei Capital. The funds will be mainly used for technology upgrades and marketing.