Datasonic inks MoU with Meta Doers World to explore business opportunities related to Metaverse by New Straits Times

KUALA LUMPUR: Datasonic Group Bhd has entered into a Memorandum of Understanding (MoU) with Meta Doers World Holding Bhd to explore the vast business opportunities related to Metaverse, focusing on education and healthcare industries.

Executive chairman Datuk Abu Hanifah Noordin said that with online learning becoming increasingly popular, especially after the pandemic, the education sector is exploring integrating immersive technologies to transform the learning environment into something more interactive, creative and entertaining.

"The collaboration with Meta Doers marks Datasonic's foray into the Metaverse world, focusing on the education sector and healthcare industry.

"At the initial stage, our targeted markets are the primary and secondary schools, higher education and training agencies in Malaysia and ASEAN countries," he said in a statement today.

Meta Doers is part of the Doers Education Group, a specialist in online and offline education, Metaverse project consultancy, and advisory services, focusing on six core business sectors – education, health, food, entertainment, energy, and shelter industry.

Doers Education Group is one of the pioneers in the education and training industry with more than 24 years of excellent track record in China, Hong Kong, Macau, Taiwan, Malaysia, Singapore, Thailand, Brunei, Indonesia, Philippines and Canada.

According to a report by McKinsey & Company, investment in Metaverse globally has increased from US$57 billion in 2021 to US$120 billion as of June 2022, which is expected to grow.

Abu Hanifah said Datasonic sees great potential in the Metaverse application platform in many industries, especially in Malaysia and ASEAN countries' education and healthcare industries.

"By setting up a 60:40 joint venture company, we will leverage the expertise and competitive strengths of both parties to develop a world-class 3D virtual classroom where students can virtually meet and interact with classmates and teachers to achieve optimum learning outcomes.

"The new management of Datasonic is looking forward to the strategic partnership with Meta Doers to diversify into the Metaverse application platform in the education and healthcare industries in Malaysia and ASEAN countries and is committed to generating higher revenue and profit for the company," he added.

Reference links: https://www.nst.com.my/business/2022/11/845703/datasonic-inks-mou-meta-doers-world-explore-business-opportunities-related