Apr 26, 2023 09:22 PM

TECH

In Depth: Tencent, ByteDance Gut Metaverse Units in Virtual Reality Check

By Ding Yi and Guan Cong

00:00

00:00/00:00

Listen to this article 1x

They said it was the future of the internet.

Just months ago, China’s big tech firms were talking up the potential of their shiny new “metaverse” units, which were set to cash in on an online revolution.

This latest attempt to wed virtual reality (VR) with things like shopping and social media was going to make holograms ubiquitous, spell the end of the office and reshape whole industries.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Pests on the Plateau

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin-Sinica Business Brief: China’s First Homegrown Jet Sets Sights on Airbus and Boeing

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: China’s Tobacco Monopoly Is Swept Up in Corruption Probes

2: China’s Factory Activity Gets Back to Growth, but Recovery Remains Patchy, Caixin PMI Shows

3: China’s EV Industry Calls on Regulators to Curb the Back-Seat Driving

4: In Depth: China’s Proposed New Curbs on Private Securities Funds Spark Controversy

5: China’s Services Sector Continues to Rebound Faster Than Industrial Sector

SPONSORED

OR