Tencent says Beijing likely to support metaverse - as long as it obeys China rules
The Hindu
Tencent, the world’s largest online gaming firm by revenue, is by far leading the charge in China on the concept of virtual worlds, which has also attracted the interest of rivals such as ByteDance.
Chinese social media giant Tencent Holdings expects Beijing to allow '' virtual environment services, now the talk of Silicon Valley, to operate in China - provided they fall in line with Chinese rules.
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In some of its first public comments on the metaverse, Tencent, China's biggest company by market value, welcomed the potential for gaming business opportunities in a post-earnings call on Wednesday, but acknowledged China's version of the metaverse would need to be different to the rest of the world's.
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