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Tencent to build metaverse team with new gaming studio

Briefing
Your roundup of Asian tech and startup news that matter

Samreen Ahmad · 22 Oct 2021 · 1 min read

Tencent to build metaverse team with new gaming studio

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“Tencent Holdings, which runs the world’s largest video gaming business by revenue, plans to sharpen its focus on metaverse-like developments by assembling an international team for a new studio that will develop advanced games for the next stage of the internet,” said a South China Morning Post report, citing sources.

Details:

The company has created a dedicated F1 studio for this development, which has nearly 50 job openings as of the time of writing.
The studio will involve employees across China, the US, Canada, and Singapore.

Dive deeper:

Metaverse is a shared 3D virtual environment, being touted as the future of internet by many. Alibaba recently filed to register several trademarks related to the term.
Facebook is reportedly planning to change its company name as a sign of its focus on building the metaverse.

Editing by Collin Furtado and Lorenzo Kyle Subido

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