HTC to Sell Shanghai Phone Factory for $91 Million, Invest Proceeds in VR Business
Road to VR
MARCH 18, 2017
Despite its major role in the growing VR space, HTC’s overall business continues to struggle financially, posting significant losses over the last two years. On Wednesday, HTC’s board made the decision to sell the factory to Shanghai Xingbao Information Technology as part of an effort to return the company to financial stability.
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