Alibaba to test gaming potential of metaverse as Big Tech firms stampede into virtual world

//Alibaba to test gaming potential of metaverse as Big Tech firms stampede into virtual world

Alibaba to test gaming potential of metaverse as Big Tech firms stampede into virtual world

Alibaba Group Holding has registered a new company in Beijing named Yuanjing Shengsheng to test the gaming potential of the metaverse, in the latest sign that China’s Big Tech firms are doubling down on what many see as the future of the internet.The new unit, wholly owned by Alibaba’s investment arm, has listed its major business as software development and services, according to public registry tracking firm Tianyancha. It has 10 million yuan (US$1.6 million) in registered capital. The unit’s…

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By | 2021-12-14T14:00:23+00:00 December 14th, 2021|Business|Comments Off on Alibaba to test gaming potential of metaverse as Big Tech firms stampede into virtual world