Alibaba Group recently laid off dozens of employees from its metaverse division "Yuanjing" as part of efforts to optimize its business structure and improve organizational efficiency. Despite the Yuanjing division having previously received billions of RMB in investments and employing hundreds of staff, Alibaba is adjusting its resource allocation in response to the cooling trend in the metaverse sector. In the future, Yuanjing will continue to focus on the development of metaverse applications and tools, providing relevant services to customers.