90% of Chinese VR Startups Have Gone Bankrupt. Here’s Why That’s a Good Thing.
VRScout
JANUARY 1, 2017
In October, we wrote about how HTC took the lead in opening the first Vive-branded cafe in Shenzhen. In the wake of Facebook’s acquisition of Oculus in 2014, investment spiked: 270 million yuan ($38.9 In many ways it’s still doing a whole lot better than America and Europe. The next year, that number would cap at 2.4
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