China Mobile, a key player in the telecom sector, is charting significant progress in the metaverse sphere through partnerships with tech powerhouses such as Huawei and Xiaomi. This collaborative approach seeks to accelerate metaverse development in China and marks an important move towards digitizing the country.
The telecom titan, China Mobile, announced its progress in the metaverse through partnerships with leading tech firms, including Huawei, Xiaomi, HTC, and Unity China. This noteworthy announcement came during the Mobile World Congress Shanghai (MWC Shanghai) event. There, China Mobile unveiled the first two dozen members of its newly formed alliance.
A Strategic Focus on Metaverse Development
This collaborative approach’s main objective is to bolster the metaverse ecosystem in China. It’s designed to promote inter-company cooperation, aiming to establish the most robust metaverse network worldwide. This initiative is expected to stimulate the virtual economy, potentially opening up new income avenues.
As part of its commitment to boost the metaverse, China Mobile has instituted a member alliance fund. This fund is designed to fuel innovative metaverse projects and invest in XR content creation and hardware R&D.
Anticipated Impact on Digital Economy
Zhao Dachun, the deputy manager of China Mobile, highlighted the immense potential of the metaverse. He stressed that it could attract trillions of yuan, which is instrumental in advancing digital China.
With China Mobile’s alliances gaining influential partners, the metaverse ecosystem in China is poised for a significant leap forward. This initiative promises a surge in growth and innovation, redefining the digital landscape in the country.