Tencent Has Reportedly Canceled VR Headset After Seeing Trouble In The Market. The company set up an "extended reality" unit consisting of almost 300 employees last year.

Tencent Holdings is abandoning plans to venture into virtual reality hardware, as a sobering economic outlook prompts the Chinese tech giant to cut costs and headcount at its metaverse unit, three ...

Tencent is reportedly bailing on its virtual reality hardware plans. Instead, it advised staff at its XR unit, launched last June to make VR hardware and software in the wake of metaverse hype, to ...

The move marks a sharp U-turn for Tencent, which hired almost 300 employees last year to venture into VR software and hardware at its “extended reality” (XR) business. The company planned to ...

Tencent is reportedly partnering with Meta Platforms to serve as the exclusive distributor of new, more affordable VR headsets in China with sales expected to begin in late 2024.

Tencent is reportedly axing its VR plans, but with Meta and PlayStation pouring huge sums of money into VR, the future of VR gaming has little to worry about.

Tencent Holdings is in talks with Meta Platforms Inc to distribute its Meta Quest line of virtual reality headsets in China, three people familiar with the matter said.

Tencent, the largest video games company on the planet, is reportedly abandoning its plans to make a VR headset and is dialing back its metaverse plans. VIEW GALLERY - 2 Derek Strickland ...

With the cost of VR still pretty high, it's a shame we won't see Tencent bring its own system to light any time soon, as the more competition there is, the better the choice - and affordability ...

Tencent, China’s biggest videogame company, has proposed to Meta that it become the exclusive seller of Meta’s Quest 2 headsets in China, people familiar with the discussion said.

Yet, to the surprise of many, Tencent has reportedly rebuilt its VR team and has agreed to work with Meta to release headsets based on Meta tech in China, finally giving Zuckerberg a way back in. The ...

Following a year of negotiations, Tencent and Meta have made a deal for Tencent to exclusively sell Meta’s VR (virtual reality) glasses in China from late 2024, The Wall Street Journal has reported.