Chinese gaming giant Tencent has formed a new team focused on ‘extensive reality’ (XR) as interest in the metaverse continues to grow in China, according to Reuters report citing sources from the firm. Led by Li Shen, Tencent Games Global’s Chief Technology Officer, the new team is set to develop both hardware and software related to XR, which covers both virtual and augmented reality. The XR team will also join the firm’s Interactive Entertainment Group (IEG), whose operations cover the firm’s core sectors – games and esports. [Reuters]