Tencent reportedly in talks to sell Meta's Quest 2 VR Headset in China
Nikada


Tencent (OTCPK:TCEHY) is reportedly in talks to become the exclusive seller of Meta Platforms' (NASDAQ:META) Quest 2 virtual-reality headsets in China as it looks for sources of revenue beyond the slowing videogame and advertising businesses.
Citing people familiar with the matter, The Wall Street Journal reported Tuesday that the talks are in early stage and a deal might not be reached.

The headset and its apps are not officially available in China at the moment. Should the deal come through, it would be a significant step for Meta (META) in China, where Facebook has been blocked since 2009.
A potential partnership with Tencent (OTCPK:TCEHY) could provide Meta access to one of the world's biggest videogame markets, but China's tighter regulations on videogames could be a hurdle.
In other major development, Meta (META) is said to launch monthly subscription service for Instagram and Facebook later this week.
Shares of the tech giant were up 2% in Tuesday's premarket session.