“I felt weightless skiing down the mountain,” Chen, 25, gushes after re-emerging in the material world.Chen, a hospitality worker, said she ventured into one of Shanghai’s VR arcades due to word of mouth from her tech-savvy friends.
“Chinese growth in the next five years could see it dominate AR/VR long-term — and not by a small margin,” Silicon Valley consultancy Digi-Capital said in a report last year. But the government is pushing hard for China to become a world leader in next-generation technologies including artificial intelligence and autonomous vehicles. VR has been lumped into that favoured class, benefitting from a slew of preferential policies.
At Shanghai’s VR+ Amusement Park, a new game lands only once every three months, officials there said.Firms such as Tencent remain hesitant to dive into the arcade scene until the sector reaches critical mass, analysts explained. Seekers VR, which is based in the eastern city of Wenzhou and owns a franchised chain of 200 arcades in more than 70 cities across China, is working with the Wenzhou government to establish a college focused on educating students about VR and using the technology in lessons.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Travel Indaba aims to sell Africa as top tourist destination - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Travel Indaba will this year showcase everything Africa has to offer to the world.
Source: SABC News Online - 🏆 32. / 51 Read more »
Islamic State says it killed 18 soldiers in west Africa - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Jihadist group Islamic State said on Thursday it had killed 13 Nigerian soldiers and five troops from a west African anti-militant force in attacks over recent days.
Source: SABC News Online - 🏆 32. / 51 Read more »
Daimler, BMW to limit cooperation to affordable electric car in China - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Earlier reports said that BMW and Daimler are in talks to cooperate in developing vehicle platforms for electric cars in a step that could save each carmaker at least $7.85 billion.
Source: SABC News Online - 🏆 32. / 51 Read more »
China wants to work with EU on trade, premier writes before summit - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.%China wants to work with the European Union on issues from climate change to trade, Premier Li Keqiang wrote in a German newspaper before a summit next week aimed at cementing ties.%
Source: SABC News Online - 🏆 32. / 51 Read more »
MARKET WRAP: JSE weakens amid US-China trade talksGlobal markets are mixed while locally retailers fare worst
Source: BDliveSA - 🏆 12. / 63 Read more »
Rand range-bound as market eyes US-China talksUS President Donald Trump is expected to meet Chinese Vice-Premier Liu He later on Thursday amid speculation a deal is close
Source: BDliveSA - 🏆 12. / 63 Read more »
Fear about US-China trade talks and dire German data push global stocks downBloomberg reported on Thursday that the US wanted to set a 2025 target for China to meet trade pledges
Source: BDliveSA - 🏆 12. / 63 Read more »