China’s Metaverse Industry Committee said on Wednesday it has admitted 17 new firms, including three listed companies, according to a post on an official website.
The state-backed China Mobile Communications Association (CMAA) launched the new committee in October, and analysts say the country’s metaverse will be subject to more control than elsewhere.
The committee said it had admitted listed firms including Inly Media, Beijing Topnew Info&Tech and Beijing Quanshi World Online Network Information. The notice was posted on the CMAA Metaverse Consensus Circle website.
Experts say China’s metaverse efforts lag behind countries such as the US – where Mark Zuckerberg’s Meta Platforms has pioneered the transition – and South Korea, citing less investment by domestic tech giants.
But interest has begun to surge. In the past year, more than 1,000 companies have applied for around 10,000 metaverse-related trademarks, according to business tracking firm Tianyancha.
They include internet heavyweights such as Alibaba Group Holding and Tencent Holdings.
- Reuters, with additional editing by George Russell