Alibaba's Metaverse Subsidiary Metaverse Frontier Lays Off Dozens, Shifts Focus to Metaverse Applications

BlockBeats News, November 4th, according to sources familiar with the matter, it was revealed that Alibaba Group Holding's subsidiary dedicated to the Metaverse, Metajing, has recently laid off dozens of employees, affecting teams in both Hangzhou and Shanghai. In response to this news, individuals familiar with Metajing stated, "As Metajing has already completed the construction of the Metaverse infrastructure layer and shifted its focus to Metaverse applications, the organization has made corresponding adjustments." The sources revealed that the current focus of the Alibaba Metajing team is primarily on two directions: first, deeply cultivating the tourism and industrial Metaverse, partnering with leading companies in the manufacturing industry to create exemplary cases; second, integrating cloud gaming capabilities into Aliyun as a key component of cloud computing. It is reported that Metajing is Alibaba Group's brand for real-time cloud rendering, Metaverse application computing technology, and Metaverse services. It is China's Metaverse cloud-native operating system and application computing architecture for the next generation of the internet. During the 2021 Metaverse craze, Alibaba established a wholly-owned subsidiary named "Metajing Shengsheng" with a registered capital of 10 million RMB to focus on Metaverse-related businesses. (South China Morning Post)