China

Tencent said to sharpen focus on metaverse-like developments with advanced new gaming studio



Tencent Holdings, which runs the world’s largest video gaming business by revenue, plans to sharpen its focus on metaverse-like developments by assembling an international team for a new studio that will develop advanced games for the next stage of the internet, according to four people with knowledge of the matter.The Shenzhen-based company recently sent out an internal letter to its employees around the world, indicating the establishment of a new “F1” studio under its subsidiary TiMi Studio…



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