We'll probably be the fastest runners around," said gaming giant NetEase's founder and CEO, William Ding Lei, during the company's third-quarter earnings call in November. Meanwhile Tencent disclosed that its outlook for the metvase includes approaching the new technology through a 'range of businesses', with a focus on its implications on video games and social networks. But, they're also being cautious According to Tencent's president, Martin Lau, the officials in China aren't 'fundamentally adverse' to the concept of the metaverse. However, there are likely going to be a set of guidelines to regulate the sector different from the rest of the world. Tencent Holdings rolled its NFT trading platform called Huanhe, in August. The Jack Ma-founded Ant Group, known for its affiliation to the Alibaba Group, launched an NFT wallpaper for Alipay users in June and followed that up with introducing NFT artworks as well, including digital painting and virtual version of antiques.