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China’s Anysoft Soars by Limit After Unveiling Metaverse Plan With China Mobile, CloudMinds
Tang Shihua
DATE:  Nov 10 2021
/ SOURCE:  Yicai
China’s Anysoft Soars by Limit After Unveiling Metaverse Plan With China Mobile, CloudMinds China’s Anysoft Soars by Limit After Unveiling Metaverse Plan With China Mobile, CloudMinds

(Yicai Global) Nov. 10 -- Shares of Anysoft Information Technology soared by the exchange-imposed daily limit after the Chinese internet firm announced a plan to jointly develop a metaverse project with telecoms giant China Mobile and cloud robot operator CloudMinds.

Anysoft’s share price [SHE:300571] ended today up 20 percent, the maximum single-day gain for a company listed on Shenzhen’s Growth Enterprises Market, at CNY51.43 (USD8.04).

Anysoft, China Mobile Jiangxi Virtual Reality Technology, and CloudMinds signed the agreement yesterday, the Hangzhou-based firm said late on the same day. They will work together to promote cutting-edge technologies -- including virtual reality, augmented reality, robotics, artificial intelligence, and digital twin -- to be applied to smart cities, smart education, cultural and tourism entertainment, as well as digital factory projects.

Anysoft only mentioned that the project’s main businesses would be smart homes and mobile reading content, while in the future it will also provide hardware equipment such as VR and AR glasses and digital reading content. The parties will also attract partners to China Mobile’s metaverse ecological industrial base in Jiangxi province, it added.

The metaverse is a virtual world people can enter by wearing a head-mounted display similar to VR glasses. The concept has become a hot one since Mark Zuckerberg said Facebook was change its name to Meta and switching its focus to building a metaverse.

Editor: Futura Costaglione

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Keywords: Business Partnership,Metaverse,R&D,Virtual Reality,Cloud Robot,China Mobile,CloudMinds,Anysoft Information