Baofeng reveals acquisitions as 1 million VR handsets sold

Le Cool 1, LeTV's first virtual reality(VR) headset, is displayed during the product's launch ceremony held on December 23, 2015 in Beijing. [Photo/Provided to chinadaily.com.cn]

Internet company LeEco Holdings Co, for instance, released its first VR headset－the Cool 1－in late December, priced at 149 yuan.

LeEco is aiming to deliver VR movies and video games as well as educational and sports-related broadcasting services to its users in the future over its LeVR platform.

"Internet giants hope to launch VR hardware devices to capture more market share, but what makes them really profitable is content," said She.

"We don't exclude the possibility that Baofeng magic mirror might be listed on the stock market as an independent company."

 

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