Tencent scales back VR hardware plans

Canada News News

Tencent scales back VR hardware plans
Canada Latest News,Canada Headlines
  • 📰 eurogamer
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 61%

Tencent - one of the world's biggest game publishers - has scaled back plans to take on the metaverse with its own VR h…

Tencent - one of the world's biggest game publishers - has scaled back plans to take on the metaverse with its own VR hardware., the Chinese company is set to trim back its plans and personnel by"cut[ting] costs and headcount" at its"extended reality" XR unit. It's unclear how this will impact the 300 employees currently working in the department, which was only set up in June last year.

Tencent traditionally acquired minority stakes and was content with being a"passive financial investor", but it is now"aggressively seeking to own majority or even controlling stakes in overseas targets", chiefly in the"core gaming sector". Metaverse assets are also reportedly of interest to Tencent.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

eurogamer /  🏆 68. in UK

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tencent has reportedly scrapped plans to launch its own VR hardware | VGCTencent has reportedly scrapped plans to launch its own VR hardware | VGCThe world’s largest video games company, Tencent, has reportedly scrapped plans to launch its own VR hardware
Read more »

Major supermarket follows Aldi, Asda and Costco with plans to stock Prime drinkMajor supermarket follows Aldi, Asda and Costco with plans to stock Prime drinkThe KSI and Logan Paul drink could soon be available in another major supermarket after it sold out in Aldi and ASDA
Read more »

Shropshire Council's major housing development plans are 'unsound' - inspectorsShropshire Council's major housing development plans are 'unsound' - inspectorsPlanning inspectors say Shropshire Council's 'local plan' is currently 'unsound' and needs further work to progress.
Read more »

Parents will be given classes to handle anti-social children under plans by LabourParents will be given classes to handle anti-social children under plans by LabourShadow justice secretary Steve Reed pledged to help parents 'take responsibility for tackling the behaviour of their own children if they repeatedly commit crime'.
Read more »

Popular craft and specialist beer bar and shop plans extension for more drinkersPopular craft and specialist beer bar and shop plans extension for more drinkersPrestwich based Keg, Cask & Bottle intend to knock through to the next door unit to create a bigger bar area
Read more »



Render Time: 2025-08-27 22:01:23