Tencent, Baidu lead Chinese Big Tech firms in VR, AR patent filings

Chinese Big Tech companies, led by internet giants Tencent Holdings and Baidu, comprised more than half of the world’s top 10 filers of patent applications for virtual reality (VR) and augmented reality (AR) technologies over the past two years, showing a strong effort to establish a foothold in the emerging metaverse market.Tencent, which runs the world’s biggest video gaming business by revenue and China’s largest social media platform, filed a total of 4,085 VR and AR patent applications in…