It has over the years made a handful of minority investments in companies outside China, though it’s not nearly as aggressive as Tencent in terms of investment pace and volume.Ī NetEase spokesperson declined to comment on the investment in IMVU. toll-free) 1-65 (International) How to contact Customer Service. Hi skylark, we can contact Customer Service through phone support from 6AM to 6PM Pacific Time (PT). It is a natural fit for us to become partners,” he added.įounded in 2005, NetEase is now known for its news portal, music streaming app, education products and video games that compete with those of Tencent. 1 upvote 4 answers 315 views Top Rated Answers. We have many shared business philosophies and complementary know-how. “IMVU operates one of the world’s oldest, yet most vibrant and young - in terms of our user base - metaverses. “NetEase operates some of the most successful, biggest in scale, and evergreen MMO games in China and they see in IMVU business highlights echoing theirs,” Daren Tsui, chief executive officer at Together Labs, told TechCrunch. A new parent organization called Together Labs was formed to oversee its flagship platform IMVU, in which users can create virtual rooms and chat with strangers using custom avatars, a product that’s today considered by some a dating platform a new service called Vcoin, which lets users buy, gift, earn and convert a digital asset from the IMVU platform into fiat and other virtual services. The fresh investment will be used to fund IMVU’s product development and comes fresh off a restructuring at the company. The company declined to disclose its post-money valuation. IMVU has raised more than $77 million from five rounds since it was co-founded by “The Lean Startup” author Eric Ries back in 2004. Menlo Park-based Structural Capital among other institutions that also joined in the strategic round totaling $35 million. number of VR headsets on the market that can run a metaverse platform is. (bottom of the page, 3rd badge) The Bling Directory is the biggest Bling Badge resource on the imvu world Get all your badges here, create them, and submit your own for free today. NetEase, the second-largest gaming company in China (behind Tencent), is among a group of investors who just backed IMVU, an avatar-focused social network operating out of California. It was all hot and hip and interesting to talk about VR, so we kind. Get the Bling Directory Badge Autogrant on BitsyBlossoms HP. The line between social networking and gaming is increasingly blurring, and internet incumbents are taking notice. IMVU is a 3D Avatar Social App that allows users to explore thousands of Virtual Worlds or Metaverse, create 3D Avatars, enjoy 3D Chats, meet people from all over the world in virtual settings, and spread the power of friendship.
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