US-based Roblox, Epic Games’ setbacks in China point to a splintered metaverse


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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...