The company can approach the metaverse through its video game and social networking businesses, according to Tencent president Martin Lau. The last time a Tencent executive publicly spoke about the metaverse was at the company’s annual video gaming conference in May. — SCMP
Tencent Holdings, the world’s biggest gaming company and operator of Chinese super app WeChat, officially broke its silence on the red-hot concept of the metaverse, saying it has an abundance of technologies to develop what has been called the next iteration of the internet.
Martin Lau, president of the Shenzhen-based company, said on an earnings call on Wednesday that it can potentially approach the metaverse through a range of businesses, citing video game development and social networking as major strengths. The 48-year-old executive also said Beijing does not appear to be “fundamentally averse” to the metaverse, although it would come up with a set of regulations different from the rest of the world.
