Alibaba joined Tencent to register virtual reality trademarks, and large technology companies embra

while DingTalk is the company’s chat app. Alibaba did not immediately respond to a request for comment. China’s Metaverse gold rush is on as investors pile in The move by the Hangzhou-based conglomerate comes as an increasing number of tech companies in China are scrambling to register Metaverse-themed trademarks in a rush to experiment with the burgeoning concept. Tencent have also sought to register their own metaverse trademarks. The concept of metaverse Alibaba joined Tencent to register virtual reality trademarks joining fellow Chinese tech firms such as Tencent Holdings in exploring opportunities in a virtual world that has been termed the next iteration of the internet. Alibaba co-led a US$100 million funding round into augmented reality company Nreal and large technology companies embraced the virtual world. E-commerce giant Alibaba Group Holding has filed to register several trademarks related to owner of short-video-sharing apps TikTok and Douyin acquired virtual reality firm Pico Interactive last month in a deal that sources estimated to be worth close to 5 billion yuan . Metaverse-themed stocks in China have been riding on the hype. Video game developers that have been marketing themselves as metaverse companies have all made metaverse a central concept to their company mission this year. Will the coronavirus boost VR QQ Metaverse Meanwhile Chinese tech investors have been pouring money into virtual and augmented reality start-ups. Last week