China looking to ride Web 3.0 wave | Business

This photo shows a visitor play a VR game at the exhibition area of HTC Corp during the 2022 World 5G Convention in Harbin, Heilongjiang province, in August. (PHOTO PROVIDED TO CHINA DAILY)

BEIJING — Last October, renowned Hong Kong director and comedian Stephen Chow said in his first social media post that he is “seeking outstanding Web3 talent in the dark.”

While many fans still need to become more familiar with Web3 or Web 3.0, the word has been trendy in the tech community these years. Chinese policymakers and tech enterprises are also ramping up efforts to ride the wave.

Many big tech firms and start-ups are using business ideas to demonstrate Web 3.0 in real-world applications, believing in the promising future it can deliver

Gu Feiyong, a manager from China’s internet giant NetEase, said that Web3 will rewire how the internet works, using blockchain to…



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