90% of Chinese VR Startups Have Gone Bankrupt. Here’s Why That’s a Good Thing.
VRScout
JANUARY 1, 2017
It may look like China’s VR industry is imploding, but that’s not actually the case. The first bit to point out, of course, is that 90% of startups in any industry fail. In October, we wrote about how HTC took the lead in opening the first Vive-branded cafe in Shenzhen. But leaving that aside, a bit of background.
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