China’s Internet giants accelerate their entry into yuanuniverse, and related companies are expected to benefit
[Securities Times] according to media reports, on December 25, Netease signed a strategic cooperation agreement with Sanya Municipal government. The two sides plan to jointly build yuanuniverse industrial base. Tencent Music Entertainment Group (TME) announced on the 24th that it will officially launch China’s first virtual Music Carnival tmeland, and has launched reservation pages on tme’s QQ music and other platforms. Baidu’s first meta universe product “xiland” will be open to all users. At that time, baidu create 2021 (Baidu AI Developer Conference) will be held in “xiland”.
At present, Chinese and foreign giants such as meta, Microsoft, Netease, Baidu, byte beat and Tencent are accelerating the layout of the meta universe track. Since 2021, local governments and competent units have repeatedly mentioned the concepts related to metauniverse in policies and meetings. Metauniverse and virtual reality technology have been highly concerned by super first tier cities such as Beijing, Shanghai and Shenzhen and subordinate units of provincial governments such as Zhejiang and Jiangsu. Since December, the Shanghai economic work conference has clearly proposed to “guide enterprises to step up the research on an important platform for the interaction between the future virtual world and the real society”. Sanya Municipal government has also cooperated with Netease to build a yuan universe industrial base, and the layout of Yuan universe by local governments is gradually unfolding. At the central level, the official website of the Central Commission for Discipline Inspection and the State Supervision Commission took the lead in publishing articles focusing on the yuan universe. The foothold is the changes brought by the yuan universe to life and the possible opportunities and risks.
Comments: multiple concerns are expected to accelerate the implementation of technology and promote the standardized development of metauniverse. According to PwC data, the market scale of yuanuniverse is expected to reach 467.4 billion US dollars (2.9 trillion yuan) in 2025. With the spiral iteration of technology and products, the development of all links will expand the overall market scale, and the future growth potential is worth looking forward to.
Bluefocus Intelligent Communications Group Co.Ltd(300058) (300058): the company has in-depth cooperation with Tencent in games, animation, reading and other aspects. At the same time, it also has in-depth cooperation in the virtual human business as the entrance to the meta universe.
Sumavision Technologies Co.Ltd(300079) (300079): the company’s ultra-high definition codec technology, lossless compression technology and other technologies can provide the underlying technical support for metauniverse. The subsidiary’s digital collection platform Dongyi Yuandian will participate in the baidu create AI developer conference held in Baidu metauniverse’s product “xirang”.
