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. HTC, Oculus, Sony, Samsung, and Google—all of which offer higher quality headsets with the reliability of market-testing, customer support, and general accountability. Expectedly, the many seized the opportunity for a feeding frenzy. Now, that number hovers around 10.
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