Tencent is apparently abandoning its efforts for virtual reality gear. Instead, it told employees at its XR unit, which was established last June to create VR gear and software in the aftermath of metaverse hoopla, to “look for other options.”

Tencent is apparently abandoning its efforts for virtual reality gear. Instead, it told employees at its XR unit, which was established last June to create VR gear and software in the aftermath of metaverse hoopla, to “look for other options.”