VR TECH WILL RENEW CHINA: ¥55 billion invested in VR by 2020.

Virtual Realtity is showing how the world is moving towards a new technological path. VR brings freshness and attention for a different type of experience.

As gaming is the first VR related domain, some sectors or business have also reached outfor this tech. Brands and shopping malls are using VR to make shopping more attractive. Real estate sector are making easier for people to find and buy their dream house as using VR to view the property. Film / Movie companies are presenting big offerings for VR solutions in movie productions. In all these paths, China has shown positiveness and fast development for the VR tech.

The main aspect of this fast development VR development being the nascent stage of the VR technology in China. It will take time until VR will reach a peak and bring reliable amounts of money for companies.

The VR related domains were expected to be more than triple in China this year compared with last year. The Chinese VR market has reached ¥5.5 billion ($825.3 million) this year, as in 2015 has provided ¥1.54 billion ($232.5 milion). For 2020, it is expected to reach ¥55 billion( $8.30665 billion).

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