Virtual reality tech company in China go IPO in NASDAQ
Imagine walking into your kitchen and entering the hotel room you hope to stay in next month. Or looking to your left and seeing the Mona Lisa, which you hope to visit on your trip, almost near enough to touch. Or looking down to find yourself surfing a wave in Hawaii – your other choice of holiday should your Paris plans fall through.
Such scenarios are among the loftier hopes for Virtual Reality [VR] and while the technology might not quite have caught up to the vision – or not quite yet – it's easy to see why the hype surrounding the industry has taken off over the past five years.
Globally, the value of venture capital investments in VR hit US$3.5 billion in the past two years, according to Goldman Sachs and it predicts annual revenue of US$80 billion in both VR hardware and software industries by 2025. China's domestic VR market is expected to grow exponentially over the next four years to US$8.5 billion annually.
Our capital market team and accounting team are working with an VR company in China to raise 50 million USD through IPO in NASDAQ.
The proceed will be used for:
- Setup new factory for massive production
- Active marketing campaign to capture huge global market shares
- Product research and development