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.

Reuters

United Kingdom

Tencent scraps plans for VR hardware as metaverse bet falters

Ad Fontes Media

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The Woodbridge Company

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

Channel News Asia

Government of Singapore

Singapore

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.

Indian Express

Viveck Goenka

India

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.

Financial Post

Leon Cooperman

Allianz

Canada

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 …

Kronen Zeitung

Vienna

Austria

Tech giant Tencent shuts down metaverse division

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

Herring Networks

San Diego

San Diego County

California

United States

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

The Print

New Delhi

Delhi

The company set up an "extended reality" unit consisting of almost 300 employees last year.

Gamespot

Red Ventures

Tencent Has Reportedly Canceled VR Headset After Seeing Trouble In The Market

The Economic Times

Sahu Jain family

But the company has denied claims that it's disbanding its extended reality business unit…

Tencent scraps plans for VR hardware as metaverse bet falters

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