Virtual Reality Taking Off In China

Virtual Reality Heats up in China

Mary Ermitanio | July 3, 2016

The virtual reality (VR) market in China is expected to reach $860 million in 2016 and accelerate to $8.5 billion by 2020. In the last six months alone, the Chinese VR market has seen a flurry of investments, partnerships and new ventures involving both local and international players. With capabilities in low cost, mass scale manufacturing, a hot investment climate, and international support, China could become the epicenter of the global VR market’s growth.

"On Thursday, the Nasdaq-listed Chinese Internet company Youku Tudou Inc. said that it plans to begin producing original 360-degree video content. The move, which follows a virtual-reality (VR) push announced by YouTube in March, comes as Hollywood and Silicon Valley are increasingly embracing the immersive experiences provided mostly by consumer headsets." Source: http://www.hiddengarments.com/index.php/tag/youku/

<more at http://venturebeat.com/2016/07/03/virtual-reality-heats-up-in-china/; related articles and links: http://www.hiddengarments.com/index.php/tag/youku/ (China’s Youku Tudou Eyes Virtual Reality Market. August 2015) and http://www.forbes.com/sites/ywang/2016/03/30/chinas-virtual-reality-headsets-have-few-to-offer-beyond-cheap-prices/ (China's Virtual Reality Headsets Have Little To Offer Beyond Cheap Prices. March 30, 2016)>