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China's tech giants test the waters in fashion metaverse despite slim chance of profits

China's Big Tech companies from ByteDance to Tencent Holdings are testing the waters in the fashion metaverse even though prospects of monetisation and profitability are slim in the foreseeable future. TikTok owner ByteDance is launching a digital fashion app compatible with the Douyin e-commerce platform and its Pico virtual reality headset, according to a report by Tech Planet. Meanwhile, social. ....

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