News on November 11. Tencent expects that the Chinese government will allow “Metaverse” virtual environment services to operate in China. But the premise is that they comply with Chinese regulations.
Tencent welcomed the potential of gaming business opportunities on Wednesday’s earnings conference call. But recognize China’s Metaverse. The regulations need to be different from the rest of the world.
There are many technologies related to game development and metaverse. Tencent President Liu Chiping said that the Chinese government will support the development of such technologies. As long as it is a user experience provided under a regulatory framework.
He said that although China may have different metaverse regulations compared with other countries in the world, this is not fundamentally opposed to the development of metaverse.