Bytedance Reportedly Buys Pico for 5 Billion Yuan
TikTok’s parent company Bytedance is rumored to have invested 5 billion yuan ($771 million) in acquiring Chinese VR hardware maker Pico.
8/26/20211 min read
Tag: #virtual reality
Showing 12 of 54 posts with this tag
PICO Starts Small-Scale Layoffs, New Products to Be Unveiled in April
PICO, a VR brand acquired by ByteDance, will launch two new products in the near future, one of which will be the PICO 4 Pro, to be launched in April or May, and the other is a low-end version based on the PICO Neo 3 for the lower-end market.
2/16/20233 min read
STEPVR Releases "Gates01": First Entry-Level Product For Metaverse
STEPVR, a VR technology service company, released Gates01, its first entry-level product for the metaverse on Thursday.
5/26/20222 min read
ByteDance's PICO Denies Internal Disputes and Product Defects
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.
11/29/20223 min read
Operating System R&D Platform IrisView Technology Bags Two Rounds of Financing Totaling Nearly $15.63 Million
IrisView Technology announced that it has obtained nearly 100 million yuan ($15.63 million) in Rounds A and A+ of financing, with Jinshajiang Venture Capital and Source Code Capital serving as lead investors, respectively.
11/8/20212 min read
Capturing Reality and Creating Realities: FXG Founder Nikk Mitchell’s VR Journey in China
Nikk Mitchell has lived in China for over a decade. In 2017, Nikk founded FXG, a technology company focusing on high-quality VR IP creation and bridging the divide between China and the international community.
12/4/20207 min read
Tencent Plans to Introduce Meta Quest 2 for Its XR Business
Tencent's extended reality (XR) department underwent adjustment and started to focus on building software. It reportedly will introduce Quest 2, a VR device under Meta, in the future.
2/20/20233 min read
China NFT Weekly: The Hype Around Virtual Real Estate
This week: Hong Kong property tycoon invests in Animoca Brands, Crypto exchange BitMart lost $150 million to hackers, Meta opens up access to its VR social platform Horizon Worlds, and more.
12/16/20217 min read
ByteDance-Owned VR Startup Pico Releases Neo 3 Link Headset
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.
4/18/20222 min read
ByteDance-backed PICO Recalls PICO 4 Packages
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.
10/8/20223 min read
Tencent Restructures XR Division, Affected Team Members Receive Two-Month Transition Period
Tencent reportedly started the partial dissolution of its extended reality (XR) team. The Chinese tech company later responded that its XR division will be restructured as a result of an overhaul of the company's hardware development plans.
2/17/20233 min read
Q1-Q3 Output Value of OPPO Chongqing Intelligent Ecological Science and Technology Park Exceeds $4.71 Billion
OPPO, a Chinese consumer electronics and mobile communications company, held the launch ceremony of its Chongqing Innovation Demonstration Intelligent Factory on Wednesday.
12/2/20213 min read