Tencent poised to launch virtual reality headset
See the full story here: https://www.ft.com/content/71644274-2add-11e7-bc4b-5528796fe35c
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our T&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights.
https://www.ft.com/content/71644274-2add-11e7-bc4b-5528796fe35c
An internal research team at Shenzhen-based Tencent has been developing both PC-based VR systems, similar to Facebook-owned Oculus Rift, and mobile headsets, akin to Samsung’s Gear VR or Google’s Daydream. Whichever headset it decides to launch, Tencent is planning a release in the second half of 2017, according to people familiar with its thinking.
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our T&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights.
https://www.ft.com/content/71644274-2add-11e7-bc4b-5528796fe35c
Goldman Sachs has estimated that China accounted for a third of VR headset sales last year. According to Digi-Capital, a tech mergers and acquisitions adviser, Asia will be the largest market for such headsets by revenue by 2021, with a 45 per cent global share.
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our T&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights.
https://www.ft.com/content/71644274-2add-11e7-bc4b-5528796fe35c
“China has a large number of VR headset makers today, so fragmentation remains high,” says Tim Merel, managing director of Digi-Capital. “We expect consolidation as the market grows in the next 12 to 18 months.”