Shanghai Doubles Down on the Metaverse by Including It in a Development Plan

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Shanghai Doubles Down on the Metaverse by Including It in a Development Plan
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A Shanghai city department’s five-year development plan includes encouraging metaverse use in public services, business offices and social entertainment.

A Shanghai city department released Thursday its five-year development plan, which included encouraging metaverse use in public services, business offices and other areas.

The metaverse has become a buzzword in the last few months as businesses, investors and developers predict it could form the next generation of the internet. Chinese media reports said the Shanghai city document marked the first time a local government mentioned the metaverse in its plans for implementing Beijing's five-year plan released in March.

BEIJING — China's biggest city is getting serious about the metaverse, the technology that's drawn mass attention this year for its potential to form the next generation of the internet.

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