NextVR, the leading producer of live VR broadcast solutions, has sealed an $80 million USD B series led by a slew of Chinese investors, as they seek to market their VR broadcasts to Asian viewers.

New investors include China Assets Holdings Ltd., CITIC Guoan Information Industry Co., CMC Holdings Ltd., Netease Inc., Founder H Fund Co. and VMS Investment Group Ltd.

Softbank Corp., the Japanese investment powerhouse and early Alibaba-backer, has also joined the latest round. The $20 million USD investment from CITIC was revealed last month and is part of the current round.

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Cate Cadell

Cate is a tech writer. She worked as a journalist in Australia, Mongolia and Myanmar. You can reach her (in Chinese or English) at: @catecadell or catecadell@technode.com