Alibaba scales back metaverse efforts as hype fades
Alibaba has begun scaling back its operations within the metaverse sector, according to an insider with knowledge of the situation. Reports indicate that dozens of employees from Yuanjing, the metaverse division of Alibaba, have been made redundant. This development makes Alibaba the latest major technology firm to reduce its investment in a sector that once... Read more » The post Alibaba scales back metaverse efforts as hype fades appeared first on Internet of Things News.
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Alibaba has begun scaling back its operations within the metaverse sector, according to an insider with knowledge of the situation. Reports indicate that dozens of employees from Yuanjing, the metaverse division of Alibaba, have been made redundant. This development makes Alibaba the latest major technology firm to reduce its investment in a sector that once... Read more »
The post Alibaba scales back metaverse efforts as hype fades appeared first on Internet of Things News.
