Chinese technology and entertainment giant Tencent has announced the creation of its own Metaverse-led division. Named the Extended Reality Unit, this division is responsible for covering all Metaverse-led efforts, including hardware and software development. The company is reportedly aiming to hire more than 300 people in this unit, and Tencent takes it very seriously in implementing cost-cutting measures.
Tencent officially announces Metaverse Division
Tencent, one of China’s largest software companies, has taken a new step towards entering the Metaverse.according to ReutersChina’s tech and entertainment giant has announced the creation of an extended reality unit that covers all the initiatives the company undertakes with the goal of entering the Metaverse-led market.
This division will be part of the company’s entertainment division, led by Li Shen, the current Chief Technology Officer of the Global. We don’t have much information about the direction of the unit yet, but sources say the company plans to produce both software and hardware products for the Metaverse. This means that Tencent could be a strong competitor for companies like Meta and Microsoft. In the east, there is virtual production of AR and XI hardware.
Put the weight on
The Extended Reality Unit does not seem to be just another unit in Tencent’s corporate structure. The unit has probably been obscured since the beginning of the year. The company aims to have more than 300 staff dedicated to various Metaverse-led projects.
This speaks a lot about the importance of being given Metaverse and Extended Reality projects to Tencent, even if Tencent is implementing cost-cutting measures and delaying employment efforts due to market macroeconomic conditions. .. Founder of Tencent. However, sources also showed that this vision could change in the future depending on the focus and performance of the unit.
Other companies like Meta are also investing in Metaverse devices and platforms to gain an edge in Metaverse hardware and software, aiming to be the first to present a cohesive virtual reality platform. But, as Meta recently admitted, this would cost them money in the R & D arena.
There was also an effort to complete the Metaverse standard. Other companies such as Meta, Microsoft, and Epic Games Release The Metaverse Standards Forum aims to gather information from open activities and coordinate the establishment of co-created standards for the Metaverse platform.
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