CEO says NetEase will lead the metaverse race as Chinese tech giants charge ahead despite government concerns


Source: scmp.com scmp.com

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NetEase, China’s second largest video gaming company, has become the latest tech firm in the country to voice its commitment to the metaverse concept, joining a host of peers including Tencent Holdings in a rush to embrace what has been touted as the next iteration of the internet, despite scepticism from stock market regulators. William Ding Lei, founder and chief executive of NetEase, said during an earnings call with analysts on Tuesday that the Hangzhou-based company has already prepared the technologies and strategies required to build the metaverse, which has been loosely defined as a shared, immersive 3D virtual space...