US-based Roblox, Epic Games' setbacks in China point to a splintered metaverse | South China Morning Post

The recent stumbles of American video game makers Roblox and Epic Games in mainland China suggest that the country is headed towards a future where its metaverse - touted by enthusiasts as the next evolution of the internet - could be closed to foreign companies. Roblox and Epic Games have both made the metaverse - loosely defined as a shared, immersive 3D virtual space where people can interact and trade - a core part of their business strategy. What is the metaverse, how will it work and why does Facebook want in? But while Roblox said in its IPO prospectus…