Unity, the firm that developed the leading image rendering engine of the same name, is set to spin off its China unit, Reuters reported on Wednesday. Reuters cited multiple sources familiar with the matter as saying that the firm has already met investors as they look to start the new business, which they believe will be valued at over $1 billion. The sources added that the firm is seeking to extend the application of its gaming engine to other fields such as industrial design, city modeling, and metaverse development. Unity entered China in 2012 and had 1.5 million monthly active creators worldwide as of June 30, 2020. [Reuters]