Published 02/17/2023 7:14:00 p.m.

Tencent scraps plans for VR hardware as metaverse bet falters

Summary by Reuters

Tencent Holdings is abandoning plans to venture into virtual reality hardware, as a sobering economic outlook prompts the Chinese tech giant to cut costs and headcount at its metaverse unit, three sources familiar with the matter said.

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Reuters

Tencent scraps plans for VR hardware as metaverse bet falters

02/17/2023 7:04:39 a.m.·United Kingdom

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Channel News Asia

Tencent scraps plans for VR hardware as metaverse bet falters

HONG KONG : Tencent Holdings is abandoning plans to venture into virtual reality hardware, as a sobering economic outlook prompts the Chinese tech giant to cut costs and headcount at its metaverse unit, three sources familiar with the matter said.The world's largest video game publisher had ambitious plan

02/17/2023 6:59:51 a.m.·Singapore

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Indian Express

Tencent scraps plans for VR hardware as metaverse bet falters

The world's largest video game publisher had ambitious plans to build both virtual reality software and hardware at an "extended reality" XR unit it launched in June last year for which it hired nearly 300 people.

02/17/2023 9:14:37 a.m.·India

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Financial Post

Tencent scraps plans for VR hardware as metaverse bet falters

HONG KONG -- Tencent Holdings is abandoning plans to venture into virtual reality hardware, as a sobering economic outlook prompts the Chinese tech giant to cut costs and headcount at its metaverse unit, three sources familiar with the matter said.

02/17/2023 11:04:37 a.m.·Canada

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Kronen Zeitung

Tech giant Tencent shuts down metaverse division

Wegen trüber Konjunkturaussichten setzt der chinesische Technologiekonzern Tencent Insidern zufolge den Rotstift an und streicht die Entwicklung eines eigenen „Metaversums“ zusammen. Insidern zufolge gibt das Unternehmen dabei die Entwicklung eigener Hardware zum Eintauchen in diese virtuellen Welten auf. „Im Rahmen der neuen Strategie des Unternehmens als Ganzes passte es nicht mehr so recht“, sagten mit der Angelegenheit vertraute Personen am …

02/17/2023 11:05:45 a.m.

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OAN

Tencent scraps plans for VR hardware as metaverse bet falters

By Josh Ye HONG KONG (Reuters) -Tencent Holdings is abandoning plans to venture into virtual reality hardware, as a sobering economic outlook prompts the Chinese tech giant to cut costs and headcount at its metaverse

02/17/2023 11:03:54 a.m.·San Diego, United States

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