China's Quanshi Hits Limit up on Deal to Build Metaverse Space for Travel Agency UTour - Yicai Global

(Yicai Global) Dec. 30 -- Shares successful Beijing Quanshi World Online Network Information surged by the exchange-imposed bounds contiguous aft the Chinese integer tech and selling services supplier said it volition make an exclusive, immersive and interactive virtual marque abstraction successful the metaverse for Chinese question bureau UTour Group.

Quanshi’s stock terms [SHE:002995] closed up 10 percent astatine CNY26.69 (USD3.8) today. While UTour’s banal [SHE:002707] climbed 3.7 percent to extremity the time astatine CNY9.89 (USD1.42).

Quanshi volition make UTour-specific tourism contented successful its ‘Infinite Box,’ which is simply a virtual commercialized analyzable that Quanshi launched successful March, it said yesterday, citing a woody penned betwixt the 2 parties that day. By wearing a peculiar virtual world headset, radical tin participate the ‘Infinite Box’ done computers, mobile apps and different means.

Quanshi, whose clients see net behemoth Tencent Holdings, video streaming level iQiyi and TikTok relation ByteDance, volition acceptable up a virtual IP and livestreaming for the question bureau arsenic good arsenic motorboat online events and services truthful arsenic to showcase and beforehand its virtual integer products.

It volition besides present integer derivatives specified arsenic non-fungible tokens and tourism spin-off projects arsenic good arsenic supply integer selling services. The worth of the task was not mentioned.

This is the archetypal clip that Quanshi is applying its virtual tech expertise successful the tourism sector, it said.

Editor: Kim Taylor