Big companies that have made a name for themselves around the world, from technology companies to sportswear brands such as Adidas and Nike, continue to enter the world of Metaverse, which they see as the future of the internet.
After Facebook changed its name to Meta, we hear Metaverse news from various companies almost every day.
The last name involved in the Metaverse craze was Chinese e-commerce giant Alibaba. Alibaba Group has established a new Beijing-based company called “Yuanjing Shengsheng” to test the gaming potential of Metaverse.
In the news in the local media outlet Chinastarmarket.cn, it was stated that the company will be focused on the Metaverse.
According to the public platform Tianyancha, which tracks company applications, the main activity of the new company, which was established with a capital of $ 1.6 million, will be software development.
Alibaba, which stands out with its e-commerce and technology activities, has revealed its plans to create a Metaverse where people can interact and trade.
The Chinese government has warned tech companies about the virtual world, noting that selling property in the Metaverse world carries risks of money laundering, fraud and illegal fundraising.
Despite the warnings of the Chinese government, many Chinese companies such as Tencent, NetEase and Baidu stepped up their work on Metavaerse.
“This move reflects Alibaba’s Metaverse strategy,” said Chenyu Cui, senior game research analyst at Omdia, the London consultancy on Alibaba’s Metaverse move. ” said.