China Tencent could emerge as a likely rival to Facebook's metaverse vision

The metaverse has not come yet, but companies have already started betting big on it. Facebook ( now Meta ) has rebranded the entire company around the concept, and has hence emerged as a driving force behind the metaverse vision. And now, it may have a rival in China's Tencent. The Chinese tech behemoth has revealed its intentions to place itself in a strong position in the metaverse segment, adding that Beijing would support the development of such new-age technologies "as long as the user experience is actually provided under the regulatory framework" even as the country is going through…