Tencent makes moves to build metaverse
The company is reportedly planning to acquire gaming smartphone manufacturer Black Shark, which would build virtual reality hardware
News By IQ | 18 January 2022
Chinese tech giant Tencent Holdings is reportedly planning to acquire gaming smartphone manufacturer Black Shark in a move that could help the company build its own metaverse.
If the acquisition goes ahead, Black Shark will shift its business focus from gaming mobile phones to virtual reality hardware, according to a report from news outlet 36kr.
Black Shark, which has a presence in China, Europe and south Asia, is currently majority-owned by technology giant Xiaomi.
As noted by Bloomberg in November,…
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