Reports have surfaced recently claiming that some newly released PICO 4 VR devices have defective parts, and that the rapidly expanding ByteDance-owned firm is splitting into factions. On November 28, a PICO spokesperson denied these rumors.
As a strong competitor of Meta's Quest 2 device, a range of new PICO 4 products released this year have earned extensive attention. Now the company is suffering from internal and external challenges.
MRStage, a Chinese online virtual activity services provider, has recently completed round-A financing worth around 100 million yuan ($13.7 million) from Chinese tech giant Alibaba, which also became its shareholder on October 26.
A number of users have reported recently that they have received a recall message from VR brand PICO, suggesting that the original portable bag should be sent back for replacement as it may wear or cause scratches on the device.
With the rapid development of the whole VR industry, PICO, a VR brand acquired by ByteDance, officially announced an upgrade to its brand on September 5.
Shadow Creator, one of the earliest companies in China to engage in the metaverse field, was reported by social media users on August 23 to be owing wages of more than 200 employees.
Ningbo-based XR chip firm GravityXR announced on August 12 that it has successively completed angel-round investment and a pre-A round of financing worth several hundred million yuan, within a period of six months.
Holoswim 2, the second generation of AR holographic smart swimming goggles developed by Guangli Technology, was launched on overseas crowdfunding platform Kickstarter on August 2.
On July 26, Pico, a subsidiary of ByteDance, was granted a patent named "Eye Tracking Method and System Based on Virtual Reality", and its application date was March 30, 2021.
Nandir, the former design director of Xiaomi, has become the social design leader for ByteDance-owned VR firm Pico.
An affiliated company of ByteDance was granted an appearance patent for a "VR (Virtual Reality) Experience Machine (Mecha Version)".
During this year’s VivaTech, Pandaily interviewed three European startups about their visions for “Tech for Good”. We also took a look at how Chinese consumer brand OPPO has helped tech startups to advance their missions and improve well-being through innovation.
According to Chinese enterprise data platform Tianyancha, a patent application for AR glasses submitted by consumer electronics giant Xiaomi was officially approved on Tuesday.
STEPVR, a VR technology service company, released Gates01, its first entry-level product for the metaverse on Thursday.
Research institution IDC recently released the "Worldwide Augmented and Virtual Reality Spending Guide." The report looks forward to the development of the AR and VR market in the next five years from multiple dimensions.
Business social networking websites show that Jason Ma, the former Director and Head of Xiaomi's VR department, has updated his personal certification to Head of Social VR at ByteDance's Pico.
Beijing-based tech startup Nreal announced Tuesday that it will soon launch in the UK its core product, the Nreal Air AR glasses, through an exclusive agreement with BT-owned mobile operator EE.
Pico, a VR brand owned by TikTok owner ByteDance, announced at the Laval Virtual event in France on April 13 that its Neo 3 Link headset will cost €449 ($539), with limited availability.
Oasis, an interactive social platform based in China and focused on the metaverse, recently completed a B round of financing worth tens of millions of dollars.
Three key individuals at ByteDance will soon be transferred to its virtual reality (VR) brand Pico. The moves indicate that ByteDance will start to increase its investment in VR content.