View of Shenzhen in the Greater Bay Area on April 28, 2019. Photo: SCMP/ Martin Chan
View of Shenzhen in the Greater Bay Area on April 28, 2019. Photo: SCMP/ Martin Chan

State-backed Shenzhen Capital warns of metaverse, semiconductor overvaluations amid hype in China

  • The chairman of Shenzhen Capital Group said overvaluations in the hyped-up metaverse and strategically important semiconductor industries could be harmful
  • The metaverse is promising, he said, but the firm has so far avoided investing in virtual reality because it has not lived up to the hype

View of Shenzhen in the Greater Bay Area on April 28, 2019. Photo: SCMP/ Martin Chan
View of Shenzhen in the Greater Bay Area on April 28, 2019. Photo: SCMP/ Martin Chan
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