Story image

HTC & Shenzhen Municipal Government to develop China's VR industry

22 Nov 2016

Shenzhen Municipal Government will be working with tech giant HTC to start developing the VR industry in China. The companies signed a Strategic Partnership Agreement, which will see the two parties build the $10 billion RMB Shenzhen VR Investment Fund.

HTC chairwoman Cher Wang says it's an honor to be part of the agreement, which will allow HTC to combine its advanced technologies with Shenzhen's local industry and academic institutes.

"Together, with this research institute's multiple R&D centers and bolstered by the support of industry alliances and the investment fund, we will accelerate the development of the VR industry in Shenzhen and elevate the city's R&D capabilities to an international level. We are dedicated to exploring the world of VR, and hope to usher in a new era together with Shenzhen," Wang says.

Shenzhen is well positioned for VR industry development, as the region has many homegrown companies in the industry chain, including device manufacturing, content generation, distribution and application. The companies seek to cooperate with enterprises, and HTC says it is committed to innovative collaboration.

HTC encourages all Chinese companies dedicated to growing the VR industry to help build and shape the VR ecosystem.

In addition to the Shenzhen VR Investment Fund, the Shenzhen Municipal Government will help HTC form the China VR Research Institute and promote VR development.

Shenzhen is the first Chinese city to be identified as a Special Economic Zone. Its history of independent innovation also helps build a strong foundation for the electronic information industry, HTC says.

Seven Aussie projects shortlisted in IDC's Smart Cities Awards
The nominated projects include three from Newcastle alone and span smart water metering, solar farms, virtualization and transport.
Y Soft and Brother partner to enhance print management
YSoft SafeQ integrated print management and document capture solution is now embedded in Brother multifunction devices.
F5 acquisition of NGINX now complete
The companies have released blogs on the topic, explaining how NGINX will now operate as a unit of F5, and the benefits they expect this merger to bring.
IXUP goes "post-quantum" with security tech upgrade
The secure analytics company has also partnered with Deloitte as a reseller, and launched a SaaS offering on Microsoft Azure.
Infoblox appoints channels head for A/NZ
Kenneth Cartwright’s appointment extends Infoblox’s position in secure cloud-managed network services throughout the region.
Adobe & Amazon: Making merchants' stores a lot more powerful
Magento Commerce branded stores for Amazon sellers features native integration with Amazon merchant tools including Amazon Pay and Fulfillment by Amazon. These provide the convenience of secure payments and speedy shipping services for buyers.
Edge computing market to provide ‘lucrative opportunities’
The market is set to skyrocket in the coming years, paving the way for emerging market players.
CIOs in A/NZ are slowly making digital business progress
“A/NZ CIOs have the chance to step up to become more influential business leaders, but most are not seizing that opportunity to drive change.”