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Taiwanese VR Company iStaging Concludes $5 Million Funding Run

Sep 07, 2016 05:08 PM EDT

Taiwanese virtual reality real estate company iStaging has closed a round of pre-A funding, amassing $5 million in new capital. The latest round of funding was led by WI Harper, along with Taya Venture Capital.

HTC's $5 million investment to Steel Wool Studios will be the funds to support its game, simulation, and narrative VR experiences.

HTC Invests $5 Million in Steel Wool Studios

Ellie Froilan |

Sep 01, 2016 02:57 PM EDT

HTC has invested $5 million in Steel Wool Studios, building up the virtual reality ecosystem.

Nokia is Bringing the Ozo 360-Degree Camera to China

Phenny Lynn Palec |

Aug 21, 2016 07:12 PM EDT

Nokia has announced that it is bringing its highly-rated Ozo 360 degree camera to China. The Ozo 360 is regarded as a one-of-its kind 360 degree virtual reality camera. Nokia is planning to sell the Ozo 360 in China through its partnership with LeEco.

HTC, Alibaba Collaborate to Bring Cloud-Based Virtual Reality to Mainland China

Phenny Lynn Palec |

Aug 17, 2016 01:31 PM EDT

Taiwanese tech giant HTC is looking to establish itself as a major player in the Chinese virtual reality industry. HTC recently announced that it had signed an agreement with Chinese e-commerce giant Alibaba to achieve its goals.

A visitor tries VR gadgets a day before the official opening of the Taobao Maker Festival.

Virtual Reality Arcade Thrives in China

Phenny Lynn Palec |

Aug 12, 2016 08:15 AM EDT

Just like the rest of the world, China is charmed by the magic of Virtual Reality. Since most high-end VR headsets are quite expensive for the average user, a new industry is booming in the country: virtual reality arcades.

In a recent series of investment run, NextVR managed to put amass $80 million.

NextVR Pushes Through Asian Market With Latest $80 Million Funding Run

Phenny Lynn Palec |

Aug 11, 2016 02:22 PM EDT

NextVR, the company, aiming to establish a place in the Asian market has amassed $80 million through a series of recent investments.

HTC and Alibaba intends to advance VR with cloud computing.

HTC and Alibaba Join Together for VR Cloud Partnership Deal

Ellie Froilan |

Aug 10, 2016 03:45 PM EDT

Alibaba and HTC have formed a partnership to explore virtual reality (VR) solutions for customers worldwide.

ChinaJoy 2016 Kicks off in Shanghai: Virtual Reality Hardware is in the Spotlight

Sami Ghanmi |

Jul 28, 2016 05:45 PM EDT

The 14th ChinaJoy Expo, also known as the China Digital Entertainment Expo & Conference, commenced on Thursday at the Shanghai New International Expo Center (SNIEC) in Shanghai.

Hong Kong-based Virtual Reality Developer Releases First Homegrown VR Games

Phenny Lynn Palec |

Jul 19, 2016 04:16 PM EDT

A Hong Kong-based developer recently released its first set of homegrown virtual reality games. But, chances are, those who are interested in acquiring a copy cannot purchase them at the moment.

Taiwan's HTC to Open Over 10,000 Vive VR Experience Sites in China by 2016

Charissa Echavez |

Jul 05, 2016 03:26 PM EDT

Taiwan's HTC plans to open over 10,000 Vive VR "experience sites" in China by the end of this year, boosting its effort to promote its HTC Vive virtual across the country.

HTC's Virtual Reality Venture Capital Alliance

HTC Leads Virtual Reality Group with $10 Billion Funding

Ellie Froilan |

Jul 01, 2016 02:56 PM EDT

HTC is planning to transform its virtual reality (VR) department into a separate business.

Acer and Starbreeze's StarVR units will be in full mass production in 2017.

Acer Joins Starbreeze to Produce StarVR Headset

Ellie Froilan |

Jun 28, 2016 09:32 PM EDT

Acer has invested $9 million in StarBreeze to create an ambitious virtual reality headset.

China's Smartphone Usage Will Reach 1.4 Billion Units in 2020: Report

Sami Ghanmi |

Jun 28, 2016 08:55 AM EDT

Market research firm Canalys has anticipated that the number of smartphones in China will reach over 1.4 billion units by the year 2020, surpassing the number of smartphones in the United States in the same year, a number which is predicted to reach 332 million.

PlayStation VR: Sony Announces Release Date, Price, Games at E3 2016

Phenny Lynn Palec |

Jun 15, 2016 05:10 AM EDT

The Electronic Entertainment Expo (E3) is considered as the biggest stage for video game companies to unveil new products and make major announcements. This year's E3 is no different as Sony officially announced that the highly anticipated virtual reality headset PlayStation VR will hit the market on Oct. 13 and will have a price tag of $399.

Valve Releases Virtual Reality Content Creator Tool 'Destination' for Free

Phenny Lynn Palec |

Jun 12, 2016 04:42 PM EDT

Tech company Valve has released a new virtual reality content creation tool completely for free. Named the Destination package, the tool includes the same Source 2 engine tools that Valve uses and a sample map which users can modify.

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