90% of Chinese VR Startups Have Gone Bankrupt. Here’s Why That’s a Good Thing.
VRScout
JANUARY 1, 2017
And even the ones still in the game—including AlfaReal, Miido, and Storm Magic Mirror—have begun downsizing and delaying salary payments to employees. With notable exceptions, these are often companies producing cheap replicas of existing mobile hardware like Google Cardboard and Samsung Gear without any additional, unique features.
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