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"
- China Ends Export VAT Refunds for Solar Products
- EU and China Agree Trade Understandings on Tariffs, Hybrid Vehicles and Market Access
- China to Cut Export VAT Rebate for New Energy Vehicles
- China Reduces VAT Export Rebate for New Energy Vehicles from April 2027
- The Hidden Proxy Exposed: Tax Service Agent Helps Fake VAT Invoices
