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October 22, 2018

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Microsoft signs new reality deal with China

Microsoft on Saturday signed a Memorandum of Understanding to locate its incubator project centering on virtual reality and mixed reality in Nanchang, in eastern China’s Jiangxi Province.

The MoU was signed between Microsoft China and the government of the city’s Honggutan New District on the sidelines of the 2018 World Conference on VR Industry in Nanchang.

The VR/MR incubator, the first of its kind of the company, aims to usher in and nurture innovative enterprises in the fields of VR/MR, according to the district government.

Teng Wen, vice president of Microsoft China, invited global VR/MR firms to join the project. He said VR/MR companies, projects, expertise and investments are congregating in China, especially in Jiangxi, which has launched an industrial base for VR technologies, the country’s first of its kind.

Jiangxi has partnered with over 150 enterprises worldwide to invest 63.15 billion yuan (US$9.1 billion) in the VR industry and its derivative businesses including both hardware and software, and applications, according to the provincial industry and information technology commission.


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