02-17-2022, 11:53 AM
China adds more companies to an industry body designed to develop the country’s metaverse
- A Chinese industry body designed to develop the country’s metaverse applications has added a new batch of companies as it pushes ahead with the latest technology craze.
- Often, China sets up such committees around technologies it wants to develop quickly and take a lead in, such as blockchain.
- The setting up of the metaverse committee could also suggest China is looking to regulate the technology as it develops.
![[Image: 107016035-1645010709863-gettyimages-6263...=740&h=416]](https://image.cnbcfm.com/api/v1/image/107016035-1645010709863-gettyimages-626364256-93586569.jpeg?v=1645010822&w=740&h=416)
A Chinese industry body designed to develop the country’s metaverse applications has added a new batch of companies as it pushes ahead with the latest technology craze.
The metaverse does not have a solid definition yet, but often refers to technologies like virtual reality and the idea that people may be playing and living in virtual worlds.
On Wednesday, the state-backed China Mobile Communications Association’s metaverse committee added another 17 companies. A total of 112 companies or individuals are in the industry body.
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