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Chinese Tech Giant Tencent Announces 'Personnel Reshuffle' at Metaverse Unit, Dismisses Layoff Rumors – What's Going On?

The dawn of 2023 has seen crypto assets break free of suppressive year-long price action, but with many in tech betting big on the metaverse at the start of 2022, things are getting ugly. In an exclusive report from Chin...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Chinese Tech Giant Tencent Announces 'Personnel Reshuffle' at Metaverse Unit, Dismisses Layoff Rumors – What's Going On?
The dawn of 2023 has seen crypto assets break free of suppressive year-long price action, but with many in tech betting big on the metaverse at the start of 2022, things are getting ugly.
In an exclusive report from Chinese news outlet 36KR, it has been revealed that the world's largest video games company Tencent will be partially disbanding its XR (extended reality) department....
Read More: Chinese Tech Giant Tencent Announces 'Personnel Reshuffle' at Metaverse Unit, Dismisses Layoff Rumors – What's Going On?

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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