Companies race to build Chinese-style metaverse--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
Thanks to a huge netizen base, powerful 5G network and advanced manufacturing capability, China's metaverse market is forecast to embrace a bright future, industry insiders said.
Chinese virtual reality (VR) headset maker Pico, owned by tech company ByteDance, is stepping up efforts to popularize VR and build a thriving content ecosystem amid intensified competition.
In the second half of last year, when the "Metaverse" was the most popular, the price of a virtual land plot abroad was even higher than a villa in Beijing. However, according to WeMeta platform data recently, some virtual land has plummeted by more than 80%. A reporter from Beijing Youth Daily found that the collapse of virtual real estate is only a corner of the "metaverse" world. The capit