According to company insiders, Tencent “dabbled” with VR around seven years ago, when consumer VR excitement was undoubtedly at its pinnacle. After seeing the success of the Meta Quest and learning about developments in pancake lenses and screens, it renewed attention in 2021. Nonetheless, Tencent faced regulatory scrutiny and the impact from COVID-19 precautionary measures in 2022, making it a difficult year.
