Tencent said to have formed 'extended reality' unit as metaverse race gathers steam

Tencent said to have formed 'extended reality' unit as metaverse race gathers steam

Tencent Holding Ltd

China’s Tencent Holdings announced to its staff on Monday the official formation of an “extended reality” (XR) unit, three people familiar with the matter said, formally placing its bets on the metaverse concept of virtual worlds.

The unit is tasked with building up the extended reality business for Tencent including both software and hardware, the sources said, adding that it will be led by Tencent Games Global’s Chief Technology Officer Li Shen and will be part of the company’s Interactive Entertainment business group.

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