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China’s Huawei, Tencent, and Lenovo, and foreign firms like Siemens are exploring metaverse industrial applications in China.
The growth rate of China's AR/VR market has ranked first in the world in recent years, and it’s predicted that its compound annual growth rate will reach 42.2% from 2021 to 2026, said IDC in its latest report.
Tencent Cloud and Strange Universe signed a MoU to explore virtual space for enterprise
The Chinese-listed ODM company Goertek (歌尔) has come up with design solutions for precision components and finished products of Virtual Reality (VR) and Augmented Reality (AR) with metaverse development included in the development plan.