Baidu's Vice President Ma Jie, who was also in charge of the company's metaverse business "Xi Rang", has recently resigned. Despite the Xi Rang team not being disbanded, its future is uncertain as some members have already transferred or left the company.
On May 8th, Taiwanese singer, songwriter, and record producer Jay Chou signed cooperation agreement with state-owned China Mobile in the field of metaverse.
Following along with the concepts of Metaverse and Web3, Xuzhou Construction Machinery Group (XCMG ) announced the Bored Ape NFT series number #3489 as its ambassador at the construction machinery exhibition at the Las Vegas Metaverse, and released its Web3 exploration linkage plan.
PG Verse announced the completion of a Pre-A round financing worth several millions of dollars. This round of financing was funded by New Access Capital, BlueRun Ventures and Youshan Capital. The funds are aimed at bolstering the company's Metaverse ambitions and its underlying technology, including the integration of "R&D + Algorithm + Computing Power" such as spatial computing, AIGC and 3D cloud services, and accelerate the process of commercial applications.
Tagging, a Chinese metaverse social application developer, released an app based on ChatGPT technology - Tagging X GPT-3, which combines tags and digital characters.
Digital asset financial services group HashKey Digital Asset Group, along with its partners, public cloud IaaS service provider Alibaba Cloud and internet infrastructure protocol PlatON, will co-host HAPathon 2023, a Web3 global startup competition.
MultiMetaVerse, an animation and entertainment company serving young consumers in China, announced on January 12 that it has entered into a non-binding letter of intent with Orient TM Ruibo to acquire a 72.81% equity stake in Taomee, an interactive entertainment group.
Tencent's extended reality (XR) business has suspended operation, affecting a team of more than 300 people, and it is not yet known whether there will be any major personnel adjustments soon.
Liu Wei, the founder and president of Shanghai-based games publisher miHoYo, said on January 10 that relying on Shanghai's innovative and entrepreneurial environment, the company's global business has made great progress.
Ma Jie, the vice president of Baidu, said on January 4 that the tech giant is set to unveil a metaverse solution called XiRang MetaStack. The solution enables the creation of an independent metaverse in only 40 days, which would have otherwise taken from six months to a year to complete.
ByteDance's Douyin, a short video app that is the counterpart of TikTok for mainland China, recently launched desktop software on its official website called "Douyin Chat," providing service for Windows and Mac clients.
Taobao, an e-commerce platform owned by Alibaba, is conducting final tests before launching its first metaverse livestreaming product.
Virtual user-generated content metaverse platform Yahaha announced on November 15 that it has completed round-A+ financing totaling $40 million, jointly led by Temasek and Alibaba and followed by 37 Interactive Entertainment.
On the evening of November 9, Meta CEO Mark Zuckerberg announced that the company would lay off 13% of its workforce, affecting more than 11,000 employees. Many Chinese organizations in Silicon Valley have begun to recommend each other for new job opportunities.
Serotonin, the leading marketing agency in Web3 field, published a report on November 2 to demonstrate how both studios and gamers can benefit tremendously from Web3.
Stephen Chow, a Hong Kong comedian, filmmaker and actor known for Shaolin Soccer and Kung Fu Hustle, posted on Instagram on October 31 to ask which of his movie characters people would most like to see in the metaverse, hinting that he will introduce his own characters to the Web3 world.
MRStage, a Chinese online virtual activity services provider, has recently completed round-A financing worth around 100 million yuan ($13.7 million) from Chinese tech giant Alibaba, which also became its shareholder on October 26.
On October 28, Shenzhen-based consumer-grade wireless AR glasses manufacturer INMO released its second generation AR glasses INMO Air2, a smart ring INMO Ring, and INMOVERSE, a metaverse application.
TMELAND, the first virtual social music platform under Tencent Music Entertainment, opened a new metaverse zone for fans on October 24 during the Coca-Cola Fan Festival through WeChat mini programs in China.
According to LiveArt, the NFT collection "Meta-morphic: Seven Treasures" by contemporary master Huang Yuxing will be open for public sale on October 24, 2022 14PM UTC.