The “metaverse” has become one of the hottest topics among marketers globally, especially after some major investments into the hardware and software segments by Apple, Facebook, and Microsoft. And in China, tech companies are already staking their claim in the trend.
- Xiaomi, known for its internet of things (IoT) devices, has been developing its ecosystem, including augment and virtual reality and cloud gaming.
- Tencent and Roblox have teamed up to develop a next generation of content creators and programmers in the “gaming and education” genre.
- Soul, a social media platform, has plans to create a metaverse for young people.
- MetaApp, a mobile app aggregation tool, received $100 million in series C financing in March, the largest funding in such area to date in China.
- RCT AI is betting on AI-generated content to build its own virtual world.
Social media and gaming are all perceived to be fundamental in building out a metaverse, where avatars—digital versions of ourselves—socialize, play, and even work together. And some already see this type of technology as helpful when it comes to making or improving relationships.
In China, 84% of respondents ages 16 and older said they think technology has deepened their relationships with friends and family, and 87% agree technology helps create and promote empathy, according to a July 2021 Wunderman Thompson survey. The same survey found that respondents in China take digital craftsmanship more seriously than anywhere else, as 90% said it takes the same amount of talent and expertise as physical craftsmanship.