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Monday, May 29, 2023

Tencent to Offer Metaverse-Building Services for Asian Markets

Tencent to Offer Metaverse-Building Services for Asian Markets – Tencent, a major technology company based in China, has disclosed its plans for the future of its metaverse strategy. The company has announced its intention to concentrate on delivering “metaverse-in-a-box” services to its clients via its cloud division. This addition to the media services offered by the company in the previous year is intended to simplify the process of creating virtual worlds for Tencent customers.

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According to reports, the tools introduced by Tencent will be utilized by gaming, media, entertainment, and retail firms to create and design these metaverse environments for a range of applications. Tencent plans to provide the services to customers in Asian markets, particularly in Singapore, Malaysia, Indonesia, and Thailand, which are projected by the company to experience significant growth in this sector.

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Poshu Yeung, Tencent Cloud International’s senior vice president, stated: “With more businesses now keen to explore and adapt to an efficient, transparent digital future, we are ready to leverage our technical experience in the fields of games, audio, and video to provide technical support for Web3, and work with industry partners to create a more immersive experience and nurture a better Web3 ecosystem.”

Tencent appears to be shifting its focus from a metaverse hardware venture to concentrating on its core business of software development, according to their latest plans. Although the company announced the formation of its extended reality unit in June 2022, aimed at producing proprietary hardware for immersive virtual experiences, recent reports suggest that these endeavors have been cancelled and the unit has been dissolved.

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Tencent denied reports of dissolving the aforementioned division but acknowledged making staffing adjustments in response to revised plans. Other Chinese firms are also downsizing their metaverse-related units, such as Bytedance, the developer of the Pico range of virtual reality (VR) headsets.


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