The closer it gets to the eve of the virtual reality device's release, the more volatile various assets in the capital market become.

After all, those who need to know already know what virtual reality devices are and what effects they can achieve.

Taking Tencent as an example, the outside world originally thought that Tencent and Sci-Tech Biotechnology maintained a good cooperative relationship.

I thought Tencent could participate in the construction of the virtual reality world.

As a result, Kechuang Bio acquired a game company itself, leaving Tencent with no chance whatsoever.

Not to mention Tencent, Lei Jun, who has been cooperating with Zheng Li for a long time, also did not get a chance to cooperate.

As soon as the promotional CG for Kechuang Bio was released, the virtual real estate market, which had already been halved, plummeted again.

Taking Tencent's Huanyu Pengcheng as an example, the price is less than one-tenth of the peak price.

News reports frequently feature stories of speculators who jumped to their deaths after buying virtual real estate.

Speculators always think that when asset prices fall to half of their highest point, it's a buying opportunity, but little do they know that this is already a temporary peak.

It's not just Tencent's virtual real estate that's experiencing this; the prices of virtual real estate from other internet giants have also fallen dramatically.

It's just that Tencent's virtual real estate has the highest prices, so the drop in value is quite alarming.

Along with Tencent's virtual real estate business, Tencent's market value also fell, returning to HK$2 trillion after ten years.

It's like playing around and ending up with nothing to show for it.

The plunge in virtual real estate prices has become a frequent topic in social news, and Tencent, under pressure from regulators, has been forced to issue a statement:

In the future, Tencent will recreate the virtual city of Huanyu Pengcheng in the virtual world. The virtual real estate in the brain-computer interface VR will correspond one-to-one. Currently, purchasing virtual real estate in the brain-computer interface VR system will automatically grant you the corresponding virtual world real estate.

This finally stopped the downward trend in virtual real estate.

Because it is believed that the virtual world of Kechuang Bio will eventually be opened to the public, and it is impossible for it to be developed entirely by itself.

That's unrealistic.

Tencent's promise was the first shot fired, and other major internet companies followed suit with similar promises.

What speculators are afraid of is that Tencent might turn around and create a virtual city in the virtual world, and then resell the virtual real estate.

In that case, the virtual real estate price of Huanyu Pengcheng is practically worthless.

The underlying logic is the same as why major cities renovate old neighborhoods in their old urban areas. Even if they build new districts and relocate industries and people to those new districts.