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Zenger
Zenger
World
Michelle D. Madsen

Tencent Creates Metaverse Unit

Tencent metaverse
Tencent's consumer offerings include Weixin/WeChat. (Tencent)

China’s Tencent Holdings announced the launch of a “extended reality” (XR) subsidiary to its employees on Monday, formally putting its bets on the metaverse notion of virtual worlds.

The unit is in charge of growing Tencent’s extended reality business, which includes both software and hardware. It will be overseen by Tencent Games global chief technology officer Li Shen, and will fall under the company’s Interactive Entertainment business group.

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