18Mar/17Off
HTC to Sell Shanghai Phone Factory for $91 Million, Invest Proceeds in VR Business
Despite its major role in the growing VR space, HTC’s overall business continues to struggle financially, posting significant losses over the last two years. Working to turn things around with a restructuring of assets and priorities, the company is facing the sale of a smartphone factory in Shanghai. The proceeds from the $91 million sale will largely funnel toward the company’s Vive VR business, according to China Daily.
See the full story here: http://www.roadtovr.com/htc-to-sell-shanghai-smartphone-factory-for-91-million-invest-proceeds-in-vr-vive-business/