Teenagers play a virtual reality game. Establishing its new unit underlines Alibaba’s interest in the metaverse, a shared, immersive 3D virtual space where people can interact and trade. Photo: Shutterstock
Alibaba to test gaming potential of metaverse as Big Tech firms stampede into virtual world
- The new unit, wholly owned by Alibaba’s investment arm, has listed its major business as software development and services
- Yuanjing Shengsheng’s creation comes just two months after Alibaba’s cloud gaming business unit launched a new brand with a similar name
Teenagers play a virtual reality game. Establishing its new unit underlines Alibaba’s interest in the metaverse, a shared, immersive 3D virtual space where people can interact and trade. Photo: Shutterstock
