Chinese startups investing in virtual reality

Global Business

Chinese startups investing in virtual reality

Chinese entrepreneurs are following in the footsteps of major tech companies. Google invested $542 million into a company called Magic Leap. Facebook purchased Oculus Rift for $2 billion.

Augmented and virtual reality technologies could produce $150 billion in revenue by 2020. And Chinese entrepreneurs in California’s Silicon Valley want a piece of that valuable virtual pie.

Chinese startups investing in virtual reality

Chinese entrepreneurs are following in the footsteps of major tech companies. Google invested $542 million into a company called Magic Leap. Facebook purchased Oculus Rift for $2 billion. Augmented and virtual reality technologies could produce $150 billion in revenue by 2020. And Chinese entrepreneurs in California's Silicon Valley want a piece of that valuable virtual pie.

Glenn Solomon: China startup technologies ahead of US
For more on Chinese entrepreneurs, Mark Niu spoke with Glenn Solomon, Managing Partner at GGV Capital.

Glenn Solomon: China startup technologies ahead of US

For more on Chinese entrepreneurs, Mark Niu spoke with Glenn Solomon, Managing Partner at GGV Capital.