90% of Chinese VR Startups Have Gone Bankrupt. Here’s Why That’s a Good Thing.
VRScout
JANUARY 1, 2017
In 2015, China saw 200-300 firms jump to produce their own VR HMDs. With notable exceptions, these are often companies producing cheap replicas of existing mobile hardware like Google Cardboard and Samsung Gear without any additional, unique features. Expectedly, the many seized the opportunity for a feeding frenzy. million).
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