90% of Chinese VR Startups Have Gone Bankrupt. Here’s Why That’s a Good Thing.
VRScout
JANUARY 1, 2017
The first bit to point out, of course, is that 90% of startups in any industry fail. 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. Expectedly, the many seized the opportunity for a feeding frenzy.
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