Meta has been actively engaging in discussions with various Chinese tech companies regarding its plan to re-enter the Chinese market with its VR headsets. Significant progress has been made with Tencent, which is a prominent player in China’s video game industry, according to The Wall Street Journal, citing sources familiar with the matter. The idea of re-entering China was sparked by Mark Zuckerberg in late 2021, questioning why Meta couldn’t sell its products in China when companies like Apple and Tesla have found success. Following this, Meta initiated talks with several Chinese tech companies, including Tencent, Lenovo Group, and certain smartphone manufacturers late last year. Tencent executives heatedly debated whether to join with Meta as they discussed strategies at the same time, and Pony Ma, Tencent’s Chairman, decided to proceed with negotiations to explore potential deals, according to sources. Any deal between Meta and Tencent would make the Chinese company the country’s exclusive seller of Meta’s headsets, including the coming Quest 3, sources said. [The Wall Street Journal]