CES 2018: Chinese companies step into spotlight

Xiaomi

China's smartphone vendor Xiaomi Corp joined hands with Oculus, the virtual reality or VR equipment maker backed by Facebook Inc, to provide a VR product with both high quality and affordable prices.

Hugo Barra, vice-president of VR at Facebook, said at the CES, "Oculus and Xiaomi are jointly announcing a new standalone VR product that is designed specifically for the Chinese market, which will be known as Mi VR."