Apr 28, 2023 09:07 PM

TECH INSIDER

Tech Insider: Tencent and ByteDance’s Virtual Reality Check, Alibaba Cloud Slashes Prices

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A Pico VR headset sits on display in East China’ s Zhejiang province on April 19. Photo: VCG

A Pico VR headset sits on display in East China’ s Zhejiang province on April 19. Photo: VCG

Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.

Tencent and ByteDance’s virtual reality check

Just months ago, China’s big tech firms were talking up the potential of their “metaverse” units, which were set to cash in on an online revolution. However, ByteDance Ltd. and Tencent Holdings Ltd. have recently significantly downsized their metaverse units.

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