On September 28, 2025, during the 2025 Metaverse Development Forum, Ge Dongbo, the Deputy Director of the Shanghai Municipal Commission of Economy and Informatization, revealed that the combined scale of Shanghai's core and associated metaverse industries has soared past RMB 300 billion. The city has successfully attracted over 30 XR terminal manufacturing enterprises. These firms boast significant production capacities in key components, including optical modules and spatial computing chips, which together account for more than 40% of the national output. Moving forward, Shanghai will concentrate its efforts on three main fronts: firstly, driving technological innovations and launching application pilot projects to facilitate the commercialization of research achievements; secondly, exploring diverse product applications to encourage widespread adoption of metaverse benchmark scenarios across various sectors; and thirdly, nurturing a robust industrial ecosystem through enhanced policy support and other strategic initiatives.