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 Pandaily: Chinese AR glasses pioneer Nreal starts mass production of 100,000 AR glasses Beijing-based Nreal (太若科技), Chinese AR glasses startup, has produced 100,000th pair of its AR glasses. 2w 12-30 19:10 IDC: China's AR/VR market will reach 42.2% compound annual growth rate from 2021 to 2026 The growth rate of China's AR/VR market has ranked first in the world in recent years, and it’s predicted that its compound annual growth rate will reach 42.2% from 2021 to 2026, said IDC in its latest report. 1.6w 12-12 15:37 China’s AR and VR headsets shipment hits 590,000 units in the first half of the year China ships 590,000 units of AR and VR headsets in 1H22 1.6w 09-05 21:19 Chinese camera modules manufacturer Ofilm - once a supplier to Apple’s iPhone, forays into the VR and auto industries Ofilm made forays into the VR/AR and has become a supplier of more than 20 Chinese carmakers 2.2w 05-18 16:18 The metaverse craze in China is turning VR/AR projects and companies into new investment hotspots 2.3w 02-22 00:04 ByteDance heralds metaverse craze in China through acquiring VR headset maker Pico and more tech giants are joining the frontier 3.9w 10-25 18:41 READ MOST No Data Yet~ POPULAR TAGS No Data Yet~