Beijing eyes big role in metaverse
HONG KONG: The Chinese government wants to expand the country’s virtual reality (VR) industry output by 2026 to 350 billion yuan (US$48 billion) – six times the level last year – showing Beijing’s ambitions in becoming a world leader in metaverse technology.
The Ministry of Industry and Information Technology (MIIT) and four other agencies on Tuesday published a guideline, setting a national sales target for VR devices at 25 million units by 2026. That is significantly higher than last year’s shipments of 3.7 million unit,…
