Municipal government

NetEase and Sanya Municipal Government Enter into Cooperation to Build Metaverse Industrial Base – Pandaily

Chinese internet technology company NetEase signed a strategic cooperation agreement with the Sanya municipal government on Dec. 25. As part of this agreement, NetEase will set up its headquarters in Hainan and build a metaverse industrial base project in the capital of the south island province, Sanya.

The base will be integrated into an international digital cultural center integrating Internet technology development, digital content production, digital copyright operations and digital product production.

In addition, the two sides will deepen cooperation in interactive entertainment, e-sports, music culture, e-commerce live streaming and online education. NetEase will provide support for Hainan e-sports island international plan, Sanya e-commerce supply chain, online celebrity economy and e-commerce live broadcast.

NetEase noted that the company has full reserves in technology, talent and regulation related to the metaverse. For example, NetEase has advanced technical capabilities in areas such as Virtual Reality/Augmented Reality, Artificial Intelligence, Engines, Cloud Gaming and Blockchain. The tech giant has also implemented metaverse concept products such as the immersive “Yaotai” system, an AI virtual host and “planet blockchain”, a blockchain-based value-sharing platform.

After the completion of the metaverse industrial base project in Sanya, NetEase will continue to explore and promote the metaverse from concept to application, to meet the needs of real industrial development.

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On the afternoon of December 25, the NetEase Knowledge Day and NetEase The video creators conference was held in Sanya. This is one of the measures taken by the two sides to promote the development of digital cultural industries in Hainan.