BUSINESS

1

[{"selector":"#anim-3cc2aa8e-94df-4278-a5c2-b0ec6a724fd9","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-294dd98c-c416-4f8d-98ca-eb3913c03a14","keyframes":{"transform":["translate3d(0px, 433.17468%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e9f126fd-592e-4a07-844d-ca10f8bbb866","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1323a393-7a76-489e-84d3-251b6fba51da","keyframes":{"transform":["translate3d(0px, 201.08161%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Meta has struck a deal with Tencent to sell a new, low-cost virtual reality (VR) headset in China, as per a Wall Street Journal (WSJ) report.

2

[{"selector":"#anim-850d7e2b-8365-4265-a638-b9801612cf93","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3e3f5dd1-9cdd-4eff-8923-35328cfaf994","keyframes":{"transform":["translate3d(0px, 819.51893%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-83bb5814-103f-471c-967a-93cdabeb916b","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-65b6b493-1fe7-4279-b51b-8a1dc9cd8aaa","keyframes":{"transform":["translate3d(0px, 273.76173%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] As the sole distributor, Tencent will sell Meta's VR headsets, competing with Bytedance's Pico VR.

3

[{"selector":"#anim-1846577b-6a8b-4485-950e-17570ca946a4","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-40bde385-c43d-4480-8795-437fda27e88a","keyframes":{"transform":["translate3d(0px, 842.28444%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8f84ebad-961e-4ee8-8823-d1c568ee4582","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-59992bde-8a46-41fe-ae69-930ef1bc998f","keyframes":{"transform":["translate3d(0px, 225.86035%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The budget-friendly device will feature Tencent-developed games and applications, with sales starting in late 2024.

4

[{"selector":"#anim-b2b0994c-477a-4783-b266-7163afe32791","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0df46442-a921-4437-83cf-c6a2350e7b1d","keyframes":{"transform":["translate3d(0px, 842.28444%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0dcb7f90-5f41-4a4a-a178-0cc3819e5b14","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6a4f95df-8fa9-479b-bceb-ca32d9d4b3b4","keyframes":{"transform":["translate3d(0px, 225.86035%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Meta is expected to secure a larger portion of the device sales revenue, while Tencent will earn more from content and services.

5

[{"selector":"#anim-4bb39d39-cb9e-405c-bc71-6fac6bdf191e","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-671be87b-4221-4c6d-9d14-a7d0cdcd8a17","keyframes":{"transform":["translate3d(0px, 842.28444%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-38d01c81-171a-44f2-8f60-9b5886a9a19c","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c772fa33-d027-4cff-bb97-73bd73980e22","keyframes":{"transform":["translate3d(0px, 178.47705%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] This deal enables Meta to re-enter the Chinese market after a 14-year hiatus after Facebook and Instagram were banned by China in 2009 following deadly riots in Xinjiang province.

[{"selector":"#anim-54b0188a-4028-4f6e-937a-f19b4344d39f","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] Meta to return to China after 14 years Read more about this here

[{"selector":"#anim-b9d40f18-7ad5-48c2-a749-d39d1bf96aa7","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] Click Here For more Business news click on the link below

BUSINESS

Meta to return to China after 14 years

1

Meta-Tencent collaboration

2

Tencent's exclusive distribution

3

Affordable VR experience

4

Profit-sharing strategy

5

Meta's China comeback