90% of Chinese VR Startups Have Gone Bankrupt. Here’s Why That’s a Good Thing.
JANUARY 1, 2017
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. As it turns out, investment is still flowing into the Chinese VR industry. million). So, no, the Chinese VR industry is not imploding or crashing and burning.