A visitor tries a VR headset at the cubicle of Pico Technology throughout the China 5G and Industrial Internet Conference onNov 19, 2020 in Wuhan, Hubei Province ofChina ByteDance has actually made its very first venture into virtual truth (VR) through the acquisition of start-up Pico.
Zhang Canlong|Visual China Group|Getty Images
GUANGZHOU, China– TikTok owner ByteDance has actually made its very first venture into virtual truth (VR) through the acquisition of a start-up called Pico.
Beijing- headquartered ByteDance did not divulge the size of the offer however stated in a declaration that Pico’s “comprehensive suite of software and hardware technologies, as well as the talent and deep expertise of the team, will support both our entry to the VR space and long-term investment in this emerging field.”
Pico was the third-largest virtual truth headset maker worldwide in the very first quarter of 2021, with deliveries growing 44.7% year-on-year, according to IDC.
ByteDance discovered success with brief video app TikTok and Chinese variation Douyin, along with news aggregation app Toutiao.
