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
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

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
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
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