Is VR late in China?

China’s Venture Capitalists not so tempted as others by virtual reality

Global internet giants and gadget makers are betting big on virtual reality (VR). Still, the investment craze has yet to tempt China’s venture capitalists who are waiting for breakthroughs in technology and adoption. Cao Xi, managing director of Sequoia Capital China, said his venture capital firm has studied investment opportunities in VR, in particular and its usability of the technology in the real world. “VR is a frontier technology with a lot of potential, but what we need first is user demand and sites for the use of VR,” Cao told the Global Mobile and Internet Conference last month. ….[READ]

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