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Alibaba Scales Back Metaverse Operations Amid Restructuring Efforts
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Alibaba Scales Back Metaverse Operations Amid Restructuring Efforts

Alibaba Group Holding is reducing its metaverse operations, becoming the latest major tech player to re-evaluate its commitment to the sector. According to sources, dozens of employees from Alibaba’s metaverse unit, Yuanjing, have been laid off as part of a restructuring process aimed at boosting organizational efficiency. Yuanjing, which operates in Shanghai and Hangzhou, previously...