China’s Quanshi Hits Limit up on Deal to Build Metaverse Space for Travel Agency UTour

(Yicai International) Dec. 30 — Shares in Beijing Quanshi World On-line Community Data surged by the exchange-imposed restrict at this time after the Chinese language digital tech and advertising companies supplier mentioned it’ll develop an unique, immersive and interactive digital model area within the metaverse for Chinese language journey company UTour Group.

Quanshi’s share worth [SHE:002995] closed up 10 p.c at CNY26.69 (USD3.8) at this time. Whereas UTour’s inventory [SHE:002707] climbed 3.7 p.c to finish the day at CNY9.89 (USD1.42).

Quanshi will create UTour-specific tourism content material in its ‘Infinite Box,’ which is a digital business advanced that Quanshi launched in March, it mentioned yesterday, citing a deal penned between the 2 events that day. By carrying a particular digital actuality headset, individuals can enter the ‘Infinite Box’ via computer systems, cell apps and different means.

Quanshi, whose shoppers embrace web behemoth Tencent Holdings, video streaming platform iQiyi and TikTok operator ByteDance, will arrange a digital IP and livestreaming for the journey company in addition to launch on-line occasions and companies in order to showcase and promote its digital digital merchandise.

It should additionally introduce digital derivatives resembling non-fungible tokens and tourism spin-off tasks in addition to present digital advertising companies. The worth of the mission was not talked about.

That is the primary time that Quanshi is making use of its digital tech experience within the tourism sector, it mentioned.

Editor: Kim Taylor