Top Chinese Companies Including Tencent and Huawei Build Joint Metaverse Institute

Aug 23, 2022

China’s incursion into Metaverse development continues to pick up steam as the days go by. Considering the novelty of this industry, one of the key areas that form the foundation for Metaverse development is education. To this effect, some top Chinese technological companies, including Tence...

Tencent Follows Through With Plans, Stops NFT Sales on Huanhe Platform

Aug 16, 2022

Less than one month after an initial announcement, Chinese internet giant, Tencent Holdings eventually stopped the sale of digital collectibles on its platform and marketplace, Huanhe. In a previous article, we reported about the plans of Tencent to shut down its NFT marketplace due to ...

Tencent Plans to Completely Shutdown It’s NFT Platform This Week

Jul 20, 2022

The largest internet company in China, Tencent is on the verge of shutting down its NFT platform prematurely. According to sources, the main reason behind this inevitable action is due to the unprofitability of the entity. So far, the platform has suffered from the lingering ban on secondary...

Tencent Dives Deeper Into Metaverse by Forming ‘Extended Reality’ Unit

Jun 22, 2022

Tencent, one of China’s leading metaverse campaigners has added a new dimension to its development and propagation of the emerging technology. In a recent development, the establishment announced to its staff an official formation of an “extended reality” (XR) unit. This represents formal s...

Tencent Embarks on Web3 Blockchain Recruitment Exercise

Apr 20, 2022

Chinese tech giant Tencent has continued its foray into the world of emerging technologies. The flagship company has done so by launching another recruitment exercise to fill key developmental positions. In this milestone event, the positions that are open at Tencent revolve around Web3, an em...

WeChat Embarks on Large-scale NFT Regulation on its Platform

Mar 31, 2022

Leading Chinese social media platform, WeChat has initiated a large-scale regulation process that involves the banning and restriction of NFTs that do not meet up to its recently stipulated conditions.  Recently, the platform, through its parent company, Tencent modified the rules guidi...

Tencent and Alibaba Tighten NFT Rules to Avoid Regulatory Crackdown

Mar 23, 2022

In a move that is largely assumed to be proactive, China’s tech giants, Tencent and Alibaba have modified their NFT rules. These modifications are believed to be aimed at discouraging any moves by Chinese regulators to crack down on the emerging industry. Top among the concerns of the ...

Chinese Companies Issuing NFTs Avoid Sanctions by Not Linking to Crypto

Jan 11, 2022

Chinese video platform Bilibili has become the latest giant company to implement Non-fungible Token (NFT) technology in China. The company joins Alibaba Group Holding and Tencent Holdings as the leaders in the NFT space in China. However, mindful of the regulations in China, thes...

China’s Tech Giant Tencent To Enter the NFT Market

Jul 30, 2021

While it might seem that the global NFT market has seen its peak this spring, the latest news coming from China shows that non-fungible tokens are yet to see their heyday. According to the latest report from Sina Finance, one of China’s largest tech companies is reportedly eyeing the new a...

Chinese Tech Giants from Alibaba to Xiaomi Ramp up Efforts in Blockchain

Mar 4, 2020

Chinese smartphone and electronics giant Xiaomi has recently set up a joint venture with a registered capital of 66 million yuan, which will particularly focus on new business areas involving blockchain, artificial intelligence (AI) and big data. The Hong Kong-listed company has been eyein...