metaverse /

In Depth: Strict rules at home push Chinese metaverse entrepreneurs and investors abroad

Both startups and Chinese tech giants Tencent Holdings Ltd., Alibaba Group Holding Ltd. and ByteDance Ltd. are investing in Metaverse and web3 projects.

But developing metaverse and web3 projects in China is difficult as the government takes a tough stance on cryptocurrencies. China has banned cryptocurrency issuance and trading over concerns about financial risks such as money laundering and illegal fundraising. As a result, many have sought opportunities abroad in markets like Southeast Asia, where governments have generally been relatively lax on cryptocurrencies.

COVID-19 /

Expert confirms that not all deaths from Covid will be included in the official count

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