Chinese investors are now increasingly seeking quality virtual reality content rather than hardware.

In China, virtual reality hardware investment accounted for 78% of total VR investment made in 2015 and 2016. However, the hardware deals decreased to 30% by August 2016, and more capital was put into content, found 87870, a VR content platform based in Beijing.

“VR hardware investment is overheated,” Junhan Ahn, COO of 87870 says. “Investors are moving fast towards VR content investment. In China, there are about 3000 offline VR arcades, and they need more quality content.”

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Eva Yoo

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