The Chinese metaverse industry has reportedly raised around $780 million in funding and is expected to grow to a $5.8 trillion industry by 2030. There are 160,000 virtual human businesses in China so far, while that 20 provinces or cities in the country are supporting the metaverse.

Developing the metaverse

According to a local media report, China’s metaverse industry has raised $780 million (5.46 billion yuan) in funding. In addition to the 160,000 “Chinese virtual human enterprises”, there are some 20 provinces or cities that already support the metaverse, the report added.

Furthermore, according to a report on the Chinese-language news site, there are expectations that the size of China’s metaverse market will grow to $5.8 trillion by 2030….