Tencent says it has the technology to build the metaverse and Beijing does not oppose the concept

By Josh Ye & Iris Deng.

Tencent Holdings, the world’s biggest gaming company and operator of Chinese super app WeChat, officially broke its silence on the red-hot concept of the metaverse, saying it has an abundance of technologies to develop what has been called the next iteration of the internet.

Until now, Tencent executives have not publicly discussed the metaverse in any detail. Instead, they have opted to promote the company’s own concepts of “all-real internet” and “hyper digital reality”.