{"id":11498,"date":"2024-01-22T14:11:35","date_gmt":"2024-01-22T14:11:35","guid":{"rendered":"https:\/\/metaverseplanet.net\/blog\/?p=11498"},"modified":"2026-01-15T08:48:01","modified_gmt":"2026-01-15T08:48:01","slug":"china-explores-metaverse-with-tech-giants","status":"publish","type":"post","link":"https:\/\/metaverseplanet.net\/blog\/china-explores-metaverse-with-tech-giants\/","title":{"rendered":"China Explores Metaverse with Tech Giants"},"content":{"rendered":"\n<p>The Chinese government, in collaboration with the country&#8217;s leading tech giants, is taking steps to bring clarity to the metaverse space.<\/p>\n\n\n\n<p>On Friday, Jan. 19, China&#8217;s Ministry of Industry and Information Technology (MIIT) announced the formation of a working group comprised of representatives from government, academia, and companies for metaverse developments.<\/p>\n\n\n\n<p>Acknowledging the current lack of consensus in the industry and research sectors regarding the definition of the metaverse, the ministry plans to conduct studies for a clearer framework.<\/p>\n\n\n\n<p>The aim is to prevent unnecessary financial investments into overhyped promises and to establish a well-defined architecture that can serve as a reference for the industry.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"688\" src=\"https:\/\/metaverseplanet.net\/blog\/wp-content\/uploads\/2024\/01\/China-Explores-Metaverse-with-Tech-Giants-A-New-Chapter-for-Crypto-1024x688.webp\" alt=\"China Explores Metaverse with Tech Giants: A New Chapter for Crypto!\" class=\"wp-image-11499\" srcset=\"https:\/\/metaverseplanet.net\/blog\/wp-content\/uploads\/2024\/01\/China-Explores-Metaverse-with-Tech-Giants-A-New-Chapter-for-Crypto-1024x688.webp 1024w, https:\/\/metaverseplanet.net\/blog\/wp-content\/uploads\/2024\/01\/China-Explores-Metaverse-with-Tech-Giants-A-New-Chapter-for-Crypto-300x201.webp 300w, https:\/\/metaverseplanet.net\/blog\/wp-content\/uploads\/2024\/01\/China-Explores-Metaverse-with-Tech-Giants-A-New-Chapter-for-Crypto-768x516.webp 768w, https:\/\/metaverseplanet.net\/blog\/wp-content\/uploads\/2024\/01\/China-Explores-Metaverse-with-Tech-Giants-A-New-Chapter-for-Crypto-1536x1031.webp 1536w, https:\/\/metaverseplanet.net\/blog\/wp-content\/uploads\/2024\/01\/China-Explores-Metaverse-with-Tech-Giants-A-New-Chapter-for-Crypto-150x101.webp 150w, https:\/\/metaverseplanet.net\/blog\/wp-content\/uploads\/2024\/01\/China-Explores-Metaverse-with-Tech-Giants-A-New-Chapter-for-Crypto.webp 2000w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The working group includes members from prominent Chinese tech giants such as Huawei, Ant Group, Tencent, Baidu, NetEase, and Sense Time.<\/p>\n\n\n\n<p>This collaboration is intended to reduce superfluous investment costs and foster a united effort to propel industrial development.<\/p>\n\n\n\n<p>The rampant speculation, driven by capital and businesses capitalizing on the metaverse&#8217;s popularity, has detracted from its practical value, hindering the industry&#8217;s development.<\/p>\n\n\n\n<p>The group aims to address this issue and lay a more informed and robust foundation.<\/p>\n\n\n\n<p>Additionally, in a document published in December, MIIT stated its intention to develop strategy documents to define the concepts and developmental pathway for the Web3 industry.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">You may also like this content<\/h3>\n\n\n<ul class=\"wp-block-latest-posts__list wp-block-latest-posts\"><\/ul>","protected":false},"excerpt":{"rendered":"<p>The Chinese government, in collaboration with the country&#8217;s leading tech giants, is taking steps to bring clarity to the metaverse space. On Friday, Jan. 19, China&#8217;s Ministry of Industry and Information Technology (MIIT) announced the formation of a working group comprised of representatives from government, academia, and companies for metaverse developments. Acknowledging the current lack &hellip;<\/p>\n","protected":false},"author":1,"featured_media":15361,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAown96uCw:productID":"","footnotes":""},"categories":[322],"tags":[318],"class_list":["post-11498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metaverse1","tag-metaverse-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts\/11498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/comments?post=11498"}],"version-history":[{"count":0,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts\/11498\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/media\/15361"}],"wp:attachment":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/media?parent=11498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/categories?post=11498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/tags?post=11498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}