Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes

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Alibaba has laid off employees at its metaverse unit, Yuanjing, reflecting a broader industry trend of waning interest in metaverse projects by large Chinese corporations.

Despite Layoffs, Alibaba Remains Committed to the Metaverse Chinese tech giant Alibaba has reportedly laid off dozens of employees at its metaverse unit, Yuanjing, as part of a restructuring exercise.

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Article Details

Author / Journalist: Terence Zimwara

Category: Crypto

Markets: Japan

Topics: Metaverse Alibaba

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 09:30:13 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 23427981

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About Bitcoin News

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Official Website: news.bitcoin.com

Update Frequency: 20 posts per day

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Headquarters: Japan

News Last Updated: 8 hours ago

Coverage Areas: Japan

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Publisher ID: #62

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