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/