China aims to ship 25 million virtual reality devices by 2026 By Reuters - Investing.com

© Reuters. FILE PHOTO: Pan Bohang, laminitis of vHome, a virtual world (VR) societal gaming platform, wearing Meta's Oculus VR headset uses a interaction controller to high-five with a idiosyncratic during a virtual gathering, arsenic a surface shows the virtual content, astatine an bureau successful B

By Josh Ye

HONG KONG (Reuters) - China released its archetypal enactment program dedicated to virtual world connected Tuesday, with an purpose its manufacture vessel much than 25 cardinal devices with a worth exceeding 350 cardinal yuan ($48.20 billion) by 2026.

It was published by 5 ministries successful Beijing, led by the Ministry of Industry and Information Technology, and categorised virtual world arsenic a cardinal manufacture for the integer system nether the country's 14th five-year plan.

The insubstantial includes augmented world and mixed world successful its explanation of virtual reality.

This archetypal enactment program reflects Beijing’s ambition to pb the satellite successful virtual exertion and sets elaborate goals.

It did not specify whether the 25 cardinal devices people referred to yearly oregon accumulative shipments betwixt present and 2026.

In the archetypal fractional of this year, China shipped conscionable implicit fractional a cardinal virtual world and augmented world devices, probe steadfast IDC said.

The program besides includes a people to summation the full worth of the manufacture to much than 350 cardinal yuan, which the ministries accidental includes hardware and bundle sales.

It added that China volition request to nurture 100 halfway companies and signifier 10 nationalist work platforms for the manufacture by 2026.

The China Academy of Information and Communications, a state-backed deliberation tank, published a study connected Tuesday saying that China's information for the enactment program should beryllium seen successful the discourse of the U.S. and South Korea governments having identified virtual world arsenic an important industry.

It besides makes notation to planetary tech giants including Meta, Microsoft (NASDAQ:), Apple (NASDAQ:), Google (NASDAQ:) and Tencent, citing them arsenic companies rapidly pursuing virtual world opportunities.

($1 = 7.2615 renminbi)