China's internet giants are taking on the world of virtual reality, but instead of hedging their bets on creating headsets like Sony and Facebook, Chinese companies have chosen to fund startups and focus on content development.
Alibaba (BABA) is focused on using VR to improve the online shopping e-commerce experience
Tencent is trying VR for gaming, but also streaming live concerts
Baidu's video unit is working with over 300 VR companies in all areas of VR
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