The Rise and Fall of Pico's VR Industry: A Look at China's Virtual Reality Market
TechnologyVirtual Reality (VR) and Augmented Reality (AR)Explore the highs and lows of China's VR industry, from the inauguration of Hanzo's People's Democratic Experience Center to the challenges faced by Pico and its subsidiaries.
Hanzo's People's Democratic Experience Center
🎮Visitors can virtually experience the National People's Congress
🏛️Inaugurated by high-ranking party officials to showcase Chinese style of democracy
💬A video clip of the virtual experience sparked online discussions and amusement
Challenges in the VR Industry
🔬VR technology used to deepen educational outcomes of party members
📉Developmental difficulties and economic slowdown affect VR companies in China
👥Parent company of TikTok plans staff reductions for its VR company
FAQ
What is the purpose of Hanzo's People's Democratic Experience Center?
The center allows visitors to virtually experience the National People's Congress.
What challenges are faced by VR companies in China?
Developmental difficulties and economic slowdown affect VR companies in China.
How has Pico's market share changed?
Pico's domestic VR market share reached 70% and its global market share increased from 1% to 11%.
How many employees has Enterprise Pico shrunk to?
Enterprise Pico has shrunk from 2,000 employees to less than half its building.
What challenges has B Dan faced?
B Dan has faced growth challenges, including layoffs and conflicts within the HR department.
Summary with Timestamps
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Explore the highs and lows of China's VR industry, from the inauguration of Hanzo's People's Democratic Experience Center to the challenges faced by Pico and its subsidiaries.
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