Experts and insiders optimistic about the prospects of the metaverse

Thanks to a huge netizen base, a powerful 5G network and advanced manufacturing capacity, China’s metaverse market is forecast to have a bright future, industry insiders said.

Yu Chen, managing director and partner at Boston Consulting Group and also a core member of the firm’s technology, media and telecommunications practice, said: “With key technological breakthroughs, some third-party institutions estimate that the industry in China will reach 200,000 million yuan.” ($28 billion) in five years.”

Currently, the market scale of China’s metaverse industry is around 40 billion yuan, according to…