AR and VR services provider Flowing Cloud was officially listed on the Hong Kong Stock Exchange on October 18 as its first metaverse-related stock, with an opening price of HK$2.21 ($0.28) per share, equal to the issue price.
In order to reduce costs and increase efficiency, ByteDance had cut the project team for social metaverse app Party Island, and that relevant staff had returned to their original teams.
Following the launch of virtual avatar "Douyin Zaizai," ByteDance's Douyin platform recently unveiled a new virtual space. Meanwhile, competing Chinese short video streaming platform Kuaishou is also developing a virtual avatar social networking layout.
Applications for a science and technology entrepreneurship project in Shanghai's Hongkou District with a metaverse focus have now commenced. As part of this initiative, the local government body will provide eligible startups with financial support of up to $27,878.
As of October 12, a subsidiary of Chinese multinational entertainment company Huayi Brothers Media Corp. held 20% of shares in Metaverse Culture and Entertainment Management (Qingdao) Co., Ltd., and James Wang, one of Huayi Brothers' founders, was serving as its director.
LiveArt has launched the Meta-morphic NFT reserve campaign. All Meta-morphic holders can participate in the reserve campaign, and the participants will receive a free NFT airdrop in the second chapter of Huang Yuxing’s NFT.
Li Yilun, chairman of Shenzhen-based publicly listed online game company ZQGame, held China's first "metaverse wedding" based on his own actual wedding on October 8. Li took over the firm's chairmanship from his father just five months ago.
Liu Cixin, the author of wildly popular science fiction novel "The Three-Body Problem," said that ByteDance’s PICO has been authorized to jointly produce the first interactive narrative work of the book's VR version, to be launched next year.
Chinese recruitment platform Zhaopin released its 2022 Talent Development Report on the Metaverse Industry on September 26. The document points out that from January to July, the number of jobs related to the metaverse on the platform increased by 16.6% year-on-year.
Meta-morphic, an NFT project pioneered by Chinese artist Huang Yuxing alongside LiveArt, opened for sale at 8:00 p.m. on September 23, Beijing time. A total of 800 units were sold in the pre-sale phase, while 670 units sold by the official platform sold out within one minute of the launch.
Metaverse-based social products are rapidly emerging as the new trendy focus for the Chinese tech world. According to Qimai Data, about 228 apps in China have added "metaverse" to their descriptions so far.
Meta-morphic, an art NFT project pioneered by Chinese artist Huang Yuxing alongside LiveArt, represents a marriage of Web3 and art.
On September 22, a document from the Hong Kong Stock Exchange (HKEx) showed that Flowing Cloud, a Chinese tech firm, passed the listing hearing and it will start trading on the main board of the exchange.
Chinese social networking firm Inkeverse is continuing its push into the metaverse with the launch of a new social product for overseas markets called "The Place."
On September 21, the Shanghai Tree-Graph Blockchain Research Institute released Conflux OS, a new self-developed operating system that provides underlying code support for the cultivation of a Web3 application ecology in China.
On September 7, 2022, LiveArt announced its launch of "Meta-morphic," a genesis Generative Art, multi-chapter NFT collection from Huang Yuxing, a world-renowned contemporary artist.
As an advocate for social metaverse development in China, Tencent-backed platform Soul presented its two latest intelligent technology achievements – Ling OS and NAWA Engine – at the World Artificial Intelligence Conference on September 1.
On September 1, the 2022 World Artificial Intelligence Conference (WAIC) commenced in Shanghai with the announcement of its top award, the Super AI Leader (SAIL).
Taiwanese singer and songwriter Jay Chou and music entertainment brand JVR Music, which he co-founded in 2007 with Vincent Fang and JR Yang, have set their sights on the music metaverse.
This week: Beijing announces a two-year plan for metaverse innovation and development, Huobi-backed NFT platform iBox to halt international operations, The Sandbox launches its newest Alpha season, and more.