Metaverse: expected to grow fast in China – Rupert Hoogewerf

 

Rupert Hoogewerf

The metaverse is poised to grow fast in the coming three years, says Rupert Hoogewerf, chairman and chief researcher of Hurun Report, who published a report about the industry, according to the state-owned China Daily. Technology giant Huawei tops the list with the greatest potential in the metaverse for the first time, followed by Alibaba, Baidu, China Telecom and China Mobile.

The China Daily:

China’s metaverse-related industry is expected to grow fast in the next three years, thanks to continuing maturity and the application of key technologies including 5G, artificial intelligence, blockchain, cloud computing and virtual reality, according to an industrial report.

“Whether it’s entertainment, social media, online education, telecommuting, or digital marketing, the metaverse can offer entirely new experiences and models in the years ahead,” said Rupert Hoogewerf, chairman and chief researcher of Hurun Report.

Hoogewerf made the remarks after the Hurun Research Institute released a ranking report of 200 Chinese companies with the greatest potential in the metaverse in 2024 in Nansha district of Guangzhou, the capital of Guangdong province, in late August.

“The metaverse is considered a strategic emerging industry and will accelerate the promotion of Nansha to become an innovation highland and emerging industry incubation highland in the Guangdong-Hong Kong-Macao Greater Bay Area,” said Hoogewerf.

The report refers to companies based in the Chinese mainland, Hong Kong, Macao and Taiwan. For the main list, companies considered have a value of $1 billion or more.

“There has been a clear trend of metaverse-related businesses in the past three years, especially in the fields of education, finance, tourism and healthcare,” said Hoogewerf.

Technology giant Huawei tops the list with the greatest potential in the metaverse for the first time, followed by Alibaba, Baidu, China Telecom and China Mobile.

More in the China Daily.

The full report you can read here.

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers’ request form.

Are you looking for more innovation experts at the China Speakers Bureau? Do check out this list. 

Telecommunication changes for 2012 - Tricia Wang

Tricia Wang

Sociologist Tricia Wang maps out for 88-bar.com the competitive playing field between China's largest telecom providers, China Telecom, China Unicom and China Mobile. What can their customers expect for 2012?

Tricia Wang:

From the clouds to the ground, 2012 looks like it’s going to be an exciting year for mobile  industry. China Telecom is going abroad to offer mobile services for the transnational elite who travel between China and North America. China Unicom just launched a new mobile internet platform, the Wo-plus Opening System. Let’s see how long China Mobile 600 million 2G users can wait for 3G before switching to Unicom or Telecom. Now that China is the world’s largest smartphone market, how will the future of hardware and software evolve? We already have a glimpse from HTC of their new Sina Weibo smartphone. And then to top if off, both China Telecom and China Unicom may lower broadband prices! 

With all these technical and market changes, one of the big questions for 2012 is will Chinese citizens will be relieved of telecommunications costs? Or will 2012 could be the equivalent to the 1996 Telecommunications Act in the United States where institutions benefited more from telecommunication reforms than individuals? [1] We’ll have to see who benefits from thee anti-monopoly investigation. 

With the stable divisions of China Unicom, China Mobile, & China Telecom, we don’t hear of potential industry shake ups like this very often. I imagine that Chinese Telcom scholar, Eric Harwitt, is giddy with news. But luckily we have Marc Laperrouzag, so we won’t have to wait a few years for a book or paper to be published to stay up to date on the details. 

Let’s hope for faster and more equitable broadband access in 2012! 新年快乐!

More in 88-bar.com

Tricia Wang is a speaker at the China Speakers Bureau. She will be in Europe for an academic conference in Switzerland and is available for speeches in the third week of February. Do you need her at your meeting or conference? Do get in touch, or fill in our speakers' request form.

More on Tricia Wang's exploration of China's economic underbelly at Storify.

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