The metaverse is a virtual world that exists in parallel to the physical world. In the metaverse, greater overlap of our digital and physical lives is possible – in the work, socialization, productivity, shopping, and entertainment domains – and is enabled by certain advanced technologies, such as VR, AR, and MR. Businesses, investors, and developers predict it could form the next generation of the Internet.
Enabled by specific technologies, the metaverse opens new frontiers for businesses, investors, and developers in many ways. Chinese players are well aware of this, and they have clearly shown their willingness to venture into the virtual world – over 16,000 metaverse-related trademark applications have been filed.
Source China Briefing
Latest Posts in "China"
- Trickiest countries in which to achieve compliance
- China Lowers Luxury Car Tax Threshold to CNY 900,000, Expanding Tax Scope from July 2025
- China Revises VAT Rebate Policy 2025: Full Refunds for Key Industries, Partial for Others
- China Clarifies Tax Reporting Rules for Digital Platforms, Effective October 1, 2023
- France Cracks Down on Chinese E-Commerce Giants with Fines and Regulations
