philip lelyveld The world of entertainment technology

5Aug/20Off

iQiyi launches first virtual reality store

PhilNote: I think "offline" means LBE.

iQiyi has launched its first offline virtual reality flagship store in Shanghai and will open others across the country as the Nasdaq-listed firm expands into the VR entertainment sector.

Global revenue from the offline VR entertainment market is expected to hit US$11.8 billion this year, triple the 2019 level, according to researcher Greenlight Insights.

A 30-minute VR experience costs each player about 158 yuan (US$22).

See the full story here: https://www.shine.cn/biz/company/2008053633/ac94cd7f-3821-4cd4-a479-aefbc2255f40_0

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