On December 25th, NetEase announced that it signed a strategic cooperation agreement with the Sanya Municipal Government. As a result of this deal, NetEase will establish its Hainan headquarters in the southern Chinese city while it builds out its metaverse industrial base project.
This deal will also see the two sides cooperate more on interactive entertainment and esports ventures. NetEase will provide support for Hainan’s international island esports plan as well as Sanya’s e-commerce supply chain.
The office being constructed will serve as a dedicated industrial base for the ever-growing metaverse sector. It will support technology, digital content production facilities, digital copyright operations, and digital production outputs.
NetEase is a Chinese international technology company that was founded in 1997. The organization is currently based out of Hangzhou, China.
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