Tencent Holdings has reportedly opened talks to buy Chinese gaming phones and accessories maker Black Shark as it makes inroads into the metaverse, according to Bloomberg.
- The deal aims to pivot Tencent into virtual reality headsets as the company sees a “real opportunity” in the booming space.
- Tencent has been making inroads into metaverse recently, with its president Martin Lau hinting at exploring the opportunity, although he says the concept may take longer to realize.
Black Shark, backed by investors including Xiaomi Corp, sells stylized phones and accessories in China, India, and Europe. 0700: HKG is up +2.30%
