On Saturday, Chinese gaming giant NetEase entered into a strategic agreement with the municipal government of Sanya on Hainan island to build a new headquarters in the city. The office will be dedicated to the construction of an industrial base for the emerging metaverse sector, a new strategic focus of the company. Meanwhile, NetEase and Sanya municipality will also cooperate in areas ranging from gaming and music to livestream e-commerce and online education. [EqualOcean, in Chinese]
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