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 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

Glenn Solomon: China startup technologies ahead of US

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