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Tencent bails on VR and scales back metaverse plans due to economic pressures

Tencent, the largest video games company on the planet, is reportedly abandoning its plans to make a VR headset and is dialing back its metaverse plans. ....

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China's tech regulator meets top bosses from Didi, Baidu, Tencent, Xiaomi, NetEase as Beijing eases crackdown

Didi founder and CEO Cheng Wei made his first appearance at the symposium since China launched a cybersecurity probe into the firm in 2021, as Beijing eases its restrictions on the tech sector. ....

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Tencent has reportedly scrapped plans to launch its own VR headset

Last year, it came to light that Tencent was working on its own VR headset, in part to get in on the Metaverse trend. Now, it would seem that those plans have been scrapped. According to a Reuters report, Tencent has cancelled its own VR hardware plans. Despite setting up a VR business unit and … ....

Virtual Reality ,

Economic Watch: China's game industry aims for overseas expansion

GUANGZHOU, Feb. 18 (Xinhua) For three consecutive years, China homegrown games have raked in over 100 billion yuan (about 14.7 billion U.S. dollars) in annua ....

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China Renaissance CEO, billionaire banker Bao Fan, is missing

China Renaissance Holdings’ Bao Fan cannot be contacted, the company said ....

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