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4 mins read

Nvidia has lots of questions to answer in this week's earnings call on product delays, competition, and China

As rivals increase their spending on AI computing, Nvidia will likely face questions about its Blac…

Emma Cosgrove,Helen Li   


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3 mins read

10 Things in Tech: Apple's big metaverse push

In today's edition: What it was like to work with Elizabeth Holmes, Elon Musk's China trip ends, an…

Hallam Bullock   


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4 mins read

Alibaba, Tencent, and other Chinese players are betting big on the metaverse — but the government is yet to buy into the hype

This even as industry leaders in the country — including the Ant Group and Tencent Holdings — re…

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1 min read

Companies are piling in to back China's efforts to build a metaverse as projections for global growth in the space reach trillions of dollars

More than 100 companies and individuals are now part of a state-backed committee focused on bolster…

Carla Mozée   


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2 mins read

Not just China, South Korea is betting big on metaverse too – plans to spend $187 million to build its national ecosystem, form a Digital New Deal

South Korea wants to become the fifth-largest metaverse market in the world by 2026. Seoul aims to …

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2 mins read

Luxury brands like Burberry and Coach are cashing in on Singles' Day shopping in China by creating limited edition NFTs for the event

The Singles' Day NFT offerings were slated to run from October 20 to November 11, but many of them …

Huileng Tan   


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2 mins read

More and more Chinese tech giants, including the search firm Baidu, are trademarking metaverse terms even as China continues to issue warnings about it

The Nasdaq-listed gaming giant NetEase and the e-commerce giant Alibaba have also jumped on the met…

Huileng Tan   


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2 mins read

It's not just Facebook - China's big tech firms like Alibaba and Tencent are also piling into the metaverse

Chinese tech giants are eyeing the metaverse space with new investments, joining peers like Faceboo…

Huileng Tan   


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2 mins read

Big Tech poses a threat to a decentralized metaverse, according to the founder of The Sandbox

"Our goal is to build an open metaverse that can stand against what we call competition that is the…

Carla Mozée   


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1 min read

Carla Mozée   


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1 min read

Zuck refuses to let his metaverse dream die. Wall Street has finally had enough.

Shares slumped 20% in after-hours trade to $104.30 on Wednesday, extending a 5.6% decline earlier d…

Huileng Tan   


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2 mins read

Zuck refuses to let his metaverse dream die. Wall Street has finally had enough.

Shares slumped more than 22% Thursday to trade at $101.02, as the tech giant hit its lowest price s…

Huileng Tan   


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1 min read

Nike climbs as sneaker maker posts 2nd-quarter earnings beat despite supply-chain constraints

On a call with analysts late Monday, Donahoe said Nike will invest "to deliver next-generation expe…

Phil Rosen   


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1 min read

The EU hosted a 24-hour party in its $400,000 metaverse to appeal to young people, but pretty much no one showed up

EU staff had already called its metaverse "depressing and embarrassing," before a journalist was th…

Pete Syme   


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1 min read

The metaverse is the next big investment theme and some stock sectors are already benefitting, Morgan Stanley says

Morgan Stanley named companies that can benefit from the metaverse, adding that shares of Roblox ar…

Isabelle Lee   


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2 mins read

Apple rallies 3% after smashing revenue forecasts and teasing metaverse plans

Investors were impressed by Apple's strong earnings, after the company brushed off supply-chain pro…

Harry Robertson   


Sophie Kiderlin   


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2 mins read

The Sandbox's US CEO explains his vision for the metaverse platform and why people are still flocking to web3 during the crypto winter

"We want to be the Manhattan of the metaverse, a concentration of exciting brands and artists — but…

Phil Rosen   


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2 mins read

Battle of the metaverses and a billion-dollar hack — 13 expert predictions for what's next for crypto in 2022

The crypto economy will top $7.5 trillion in 2022, and most jobs will touch virtual worlds as Meta …

Shalini Nagarajan   


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2 mins read

Kosovo is the latest country to ban crypto mining as it deals with a power crisis

The government also announced a 60-day state of emergency to deal with Europe’s ongoing energy…