HTC banks on bullish sales of VR
Print Edition
HTC, developer of virtual reality headset Vive, will set up 10,000 experience sites in China by the end of this year and launch a VR investment body with US$10 billion to develop VR as the “next disrupter after the PC and mobile phone.”
The Taiwan-based firm is banking on the experience sites, low price of VR-ready devices and the Virtual Reality Venture Capital Alliance — a grouping of 28 global venture capital firms with US$10 billion to back startups and content developers on VR — to boost domestic sales of VR devices, Alvin Wang Graylin, president of VR at HTC China, said during the Mobile World Congress Shanghai yesterday.
HTC’s plan for 10,000 experience sites in China will cover Internet cafes and KTV bars.
“China will become the global center of VR as the next disrupter after PC and mobile phone,” Graylin said.
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