IQIYI's VR Company Faces Imminent 'Shutdown' Amid Salary Dispute; Employees Turn to CEO Gong Yu for Answers.
News on July 29th, PICO, together with Douyin Games and Xigua Video, participated in ChinaJoy and released a promotional poster for the VR interactive storytelling work "The Three-Body Problem".
During the 2022 World Conference on VR Industry on November 12, He Gang, Chief Operating Officer of Huawei Consumer BG, unveiled Huawei's first smart eyewear product, the "Vision Glass."
Liu Cixin, the author of wildly popular science fiction novel "The Three-Body Problem," said that ByteDance’s PICO has been authorized to jointly produce the first interactive narrative work of the book's VR version, to be launched next year.
On September 27, PICO, a VR device brand owned by ByteDance, held a new product launch conference in Qingdao, Shandong Province, to announce the launch date and price of its PICO 4 Pro.
Chinese recruitment platform Zhaopin released its 2022 Talent Development Report on the Metaverse Industry on September 26. The document points out that from January to July, the number of jobs related to the metaverse on the platform increased by 16.6% year-on-year.
PICO, a VR device brand owned by ByteDance, has announced that it will hold a new product overseas launch event at 14:00 GMT+2 on September 22, five days ahead of the scheduled product launch in China.
Consulting firm IDC China reported on September 2 that in the second quarter of 2022, China shipped 309,000 AR/VR headsets, including 12,000 units of AR devices and 297,000 units of VR devices.
On August 15, Shanghai-based VR content production company Forking VR announced its completion of a pre-A round of financing totaling tens of millions of yuan, with investment from Sequoia China Seed Fund.
As compared to the previous generation of products, Pico's new controllers exhibit major changes in design.
On July 25, Skyworth VR revealed a new brand called PANCAKEXR and the new PANCAKE 1 series which will be priced from 2999 yuan ($444.55).
VR games publisher Netvios has announced its completion of A-round financing worth over 100 million yuan ($14.8 million).
The Hurun Research Institute released on Tuesday a list of metaverse companies it believes show the most promise in 2022. The list is made up of the Top 200 Chinese enterprises with the greatest development potential in the field of the metaverse.
A subsidiary of Chinese new energy vehicle firm XPeng Motors announced on Wednesday a new patent entitled "Virtual Reality-Based Scene Display System, Method and Vehicle."
Recently, iQiyi Adventure VR reached a deep cooperation with 4K Garden, a 5G+ Ultra HD application technology platform. Both parties will create China's first Ultra HD+ VR immersive interactive innovative app.
Leiniao, an AR brand established by Chinese electronics company TCL, launched a new extended reality (XR) smart glasses product called Leiniao Air on Tuesday.
In last week’s VC news, fast fashion e-commerce giant SHEIN set its eyes on a massive $100 billion valuation, several local AR/VR firms raised considerable investment rounds, PAG took a major stake in %Arabica, and more.
SilVRcraft Technology, a provider of VR digital twin cloud services, has recently raised over 100 million yuan ($15.7 million) in round-B financing. The lead investors were SIG China and existing shareholder Meridian Capital.
As worldwide curiosity heats up surrounding the metaverse, more and more attention is being drawn to 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.