90% of Chinese VR Startups Have Gone Bankrupt. Here’s Why That’s a Good Thing.
VRScout
JANUARY 1, 2017
In the report, iiMedia claims that consumer interest in the headsets these companies produced flagged in 2016, claiming: “70 percent of respondents among smart cell phone users [expressed] no willingness to buy one.” And another 1.54B ($221.4M) fueled the Chinese VR industry in the first half of 2016. It’s growing.
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