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. In October, we wrote about how HTC took the lead in opening the first Vive-branded cafe in Shenzhen. Expectedly, the many seized the opportunity for a feeding frenzy. But leaving that aside, a bit of background. Now, that number hovers around 10.
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