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Strict rules at home push Chinese metaverse entrepreneurs overseas

Recent shocks in tech industry prompting more regulatory action

A person tries out augmented reality glasses during the Mobile World Congress in Barcelona in 2018.   © Reuters

Metaverse and Web3 have become buzzwords in the global tech industry over the past two years, as they are believed to be integral parts of the next generation of the internet.

Tech companies and entrepreneurs across the world have been scrambling to start businesses to tap the opportunities, attracting huge investment from private equity and venture capital funds to institutional investors and tech giants.

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