China Mobile Launches Metaverse Industry Alliance, involving Tech Giants like Huawei and Xiaomi. On June 28, 2023, in Shanghai, China Mobile announced the formal establishment of the China Mobile Metaverse Industry Alliance during the Mobile World Congress (MWC) Shanghai 2023. The China Mobile Metaverse Industry partnership, a collaboration of 24 companies, including Huawei, HTC, Xiaomi, iFlytek, Mango TV, and Unity China. Huawei, a Metaverse Alliance member, stated last year that the metaverse was a trillion-dollar opportunity. According to Huawei, the metaverse represents an outstanding opportunity for connectivity-related businesses. The collaboration is also backed by one of China's top telecommunications companies and intends to strengthen the metaverse ecosystem to enhance the digital economy. The alliance intends to stimulate collaboration, resource sharing, and cooperative development in the areas of metaverse content production, XR devices, Ar/Vr technology, ...
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