The Chinese government, along with tech firms like Alibaba, is recalibrating its metaverse strategy, aligning with a global shift in the tech industry. Alibaba is downsizing its metaverse unit, Yuanjing, to enhance efficiency while focusing on metaverse applications and services. The company’s restructuring also aligns with the growing emphasis on artificial intelligence (AI), mirroring similar shifts globally.
Despite the downsizing, digital initiatives like cloud-based systems for metaverse platforms and AI advancements highlight the evolving role of digital technology in shaping future industrial sectors across regions, including China and the EU.
