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Tencent abandons its commitment to the metaverse by ditching its own VR hardware

Tencent is changing course. | Fountain: Hide

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Attentive, Mark Zuckerberg. Another company seems to have given up on the metaverse.

We talk about the Chinese giant Tencent Holdingswhich abandons its plans to create equipment for virtual reality.

Reuters announces its division dedicated to metaverse He was one of the hardest hit by the cost cuts.

Tencent’s big gamble

tencentowner of several companies, including riot gameannounced its plans to go into both software and hardware VR last June.

The Augmented Reality or XR division was launched with 300 new employees.

The unclear path to profitability and the large investment required would prompt drastic action. tencent.

Tech giants like tencent And Alibaba They have also been affected by increased government regulation. China.

Source: RPP

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