Posted inNews Feed

ByteDance said to take VR hardware maker Pico private

Tiktok owner ByteDance mulls an acquisition of  Pico, a Chinese maker of virtual reality hardware, Bloomberg reported Thursday citing people familiar with the matter. Pico designs and sells VR products to clients mainly in Asia, Europe and US. The startup is also China’s largest VR gear maker in terms of market share in 2020, according to IDC. The investment deal is valued at RMB 5 billion ($771 million), various Chinese media reported. ByteDance’s spokesperson didn’t immediately respond to request for comments when contacted by TechNode. If true, ByteDance will follow other global tech titans including Facebook, Apple and Huawei to make a foray into the emerging sector. [Bloomberg]

Posted inNews Feed

ByteDance launches avatar app ‘Pixsoul’ in Southeast Asia

TikTok owner ByteDance launched an avatar-creating app called “Pixsoul” in its Southeast Asian markets last week, Chinese media Tech Planet reported Monday. The app allows users to create 3D characters of themselves with cartoon effects and other filters. The move marks ByteDance’s continued efforts to invest in the “metaverse” concept after acquiring VR gear maker Pico in late August. [Tech Planet, in Chinese]

Posted inEvents

VR winter is over, AR has just started

VR winter is over. Long live AR. Both Kevin Leung, the director at HTC VICE X, and Atli Mar Sveinsson, co-founder and CEO of Directive Games, concluded that there needs to “killer apps” to open up the AR and VR markets. In fact, virtual reality headset shipments are showing no signs of slowing, as the quarterly […]