News Snapshot:
Following Shanghai’s plan to develop its metaverse industry, additional local Chinese governments are adding the metaverse to their economic blueprints. Two recent plans come from Beijing’s Tongzhou District and Hengqin near neighboring Macau, just as some of China’s tech companies are shrinking their businesses to face an economic downturn. See related article: Shanghai sees its metaverse industry growing to US$52 billion in four years Fast facts - Beijing’s Tongzhou District said it will focus on developing four metaverse-related industries — digital design, virtual humans, extended reality and digital art. The region also plans to launch an investment fund to support...
