China’s Zhejiang Province Building $28.5 Billion Metaverse Ind | CryptoAddicted

China’s Zhejiang Province Building $28.5 Billion Metaverse Industry by 2025

The Zhejiang Province of China is setting in motion plans to construct a metaverse industry worth more than 200 billion Yuan by 2025.

The South China Morning Post reported that the home of Alibaba is eyeing the development that would be worth $28.5 billion.

The western province is the latest Chinese region to extend plans for a metaverse industry. The report noted that the concept was met with an enthusiastic reception by local authorities. All of which are participating in the developmental plans.