Chinese investors seek overseas VR

Chinese investors are keen to invest in overseas virtual reality companies that possess advanced VR technologies and can help Chinese enterprises expand to overseas markets, experts said.

Statistics from research firm Digi-Capital showed that investment in the global VR/AR field reached $1.7 billion at the end of the first quarter of this year and that Chinese venture capital firms have shifted their focus to VR/AR investment. Revenue in the global VR market is on track to hit $30 billion by 2020, with the Asian market a key driver.

At the end of July, at least nine overseas VR projects had received investment from Chinese capital, with 14 Chinese companies participating.