China’s Virtual Reality Market Will Be Worth $8.5 Billion and Everyone Wants a Piece

Hip-hop dancers, military marchers and daredevils in winged suits are bringing China’s Internet titans into the world of virtual reality. These video stars have joined South Korean pop idols and animated fireflies as central players in a $1.1 billion global VR spending spree that’s being fueled by Alibaba Group Holding Ltd., Tencent Holdings Ltd. and Baidu Inc. The three Web giants are using their money to employ a different perspective on the virtual-reality business...
Read more: http://snapzu.com/jedlicka/chinas-virtual-reality-market-will-be-worth-85-billion-and-everyone-wants-a-piece