Tencent in Talks with Meta to Sell Quest VR Headsets in China

HONG KONG: Tencent Holdings is in talks with Meta Platforms Inc to distribute its Meta Quest line of digital actuality headsets in China, three folks acquainted with the matter stated.

The talks between Tencent and Meta began final yr and have continued in latest months, in accordance to one of many sources who has direct data of the matter, including that the talks stay early stage and particulars have but to be agreed.

Tencent and Meta didn’t instantly reply to requests for touch upon Tuesday. The folks declined to be recognized as a result of the talks will not be public.

Chinese media outlet 36Kr and the Wall Street Journal reported the discussions earlier.

Tencent, the world’s largest online game writer, had formidable plans to construct each digital actuality software program and {hardware} at an “extended reality” XR unit it launched in June final yr amid swelling world curiosity in the metaverse idea of a digital world.

But Reuters reported final week that it had determined to give up growing its personal XR {hardware} due in half to profitability points, and instructed most staff in the unit to discover alternatives elsewhere.

Tencent stated on the time it was making changes to some enterprise groups as growth plans for {hardware} had modified

One of its predominant rivals in China’s digital actuality area is TikTok proprietor ByteDance, which owns headset producer Pico.

Tencent is generally identified for software program that features a suite of video games and social media purposes. It sells the Nintendo Switch console in China by a partnership with the Japanese gaming agency established 4 years in the past.

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