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. As it turns out, investment is still flowing into the Chinese VR industry. Expectedly, the many seized the opportunity for a feeding frenzy.
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