ByteDance’s VR arm PICO starts layoffs of a thousand employees and organizational restructure overhaul ByteDance-owned VR business PICO is laying off more than a thousand employees this week 1.2w 11-07 17:11 Pico - the VR arm of ByteDance, says to continue to invest in the business despite recent staff changes Pico, the VR arm of China's tech giant ByteDance, has rebutted reports that it will gradually shut down its VR business and abandon the metaverse business. 9048 10-25 15:42 Counterpoint: China's VR shipments decline 56% in first half of 2023 China's VR market shipments declined significantly by 56% year on year in the first half of 2023, according to the latest data from Counterpoint released on October 12. 1w 10-13 17:15 Eastern China's Qingdao City completes $1.37 billion VR and optical module project The Virtual reality Industry Park in Qingdao City of eastern China's Shandong Province completed a major construction project for producing VR and optical module 8325 10-11 16:20 Chinese VR device brand Pico and Discovery Channel launch first VR interactive documentary Pico has collaborated with Discovery Channel to launch its first-ever VR interactive documentary 1w 09-08 11:31 Major Chinese ministries begin collecting outstanding VR application cases from ten major industry sectors China’s Ministry of Industry and Information Technology (MIIT) and four other ministries issued a joint notice recently to collect pioneer VR application cases 1.1w 07-21 18:32 Chinese video platform iQiyi takes metaverse tourism a step further with launch of Luoyang VR iQiyi (爱奇艺) is set to kick off its all-immersive Luoyang virtual reality project in Shanghai 6629 06-26 14:25 CINNO Research: China sees 62% surge in AR and VR product sales in Q1 Sales of AR and VR products in China surged 62 percent year-on-year to total 220,000 units in the first quarter of this year. 7450 06-12 15:58 Analyst Ming-Chi Kuo: China’s contract manufacturer Luxshare Precision will assembly Apple’s AR/MR headset Luxshare Precision to assembly Apple’s AR/MR headset 9134 05-17 17:34 China’s electronic product manufacturer Fenda Technology suspends VR projects due to industry immaturity Fenda Technology suspends VR projects 1.1w 05-15 16:37 MORE READ MOST No Data Yet~ POPULAR TAGS No Data Yet~