Metaverse was discussed at the Shanghai Two Sessions this week, the city’s most influential annual political gatherings, where one delegate called for more regulatory efforts for metaverse oversight and development.

See related article: Shanghai sees its metaverse industry grow to $52 billion in four years

Fast facts

• Some companies use the metaverse concept as a trick, Zhai Jun, a delegate of the Two Sessions of the Chinese Kuomintang Revolutionary Committee, told state media Chinanews.com at the meeting.
• According to the delegate, companies are damaging trust in metaverse-inspired projects by adding the word “metaverse” to legacy products and services.
• The market value of 135 Chinese stocks related to the metaverse was 1.3 trillion yuan ($192 billion) as of…