VR head-mounted display provider DeePoon has landed $30 million USD in series B funding led by Xunlei Ltd. and Kaiying Network Technology Co. Ltd. The latest round brings Le Xiang Technology’s valuation to approximately 800 million RMB.

DeePoon was established in April 2015, followed a seed investment of several dozen million RMB from  Hollysh. In October, the company received an series A investment from Double Safe Guard.

DeePoon VR develops head mounted devices as well as VR content. DeePoon’s technology is supported on both PC and mobile platforms. Its VR content distribution platform 3Dbobo has accumulated more than 1.5 million users, according to the company.

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Eva Yoo

Eva Yoo is Shanghai-based tech writer. Reach her at evayoo@technode.com