Caixin
Aug 09, 2022 08:02 PM
CHINA

In Depth: How a Hotly Pursued VR Startup Came to China, and Imploded

Courted by China’s local governments, Weijian Technology’s founders had a vision to bring their VR innovations to the country’s market. But legal troubles turned that dream into a nightmare.
Courted by China’s local governments, Weijian Technology’s founders had a vision to bring their VR innovations to the country’s market. But legal troubles turned that dream into a nightmare.

In late 2014, Silicon Valley-based entrepreneurs Sun Jing and Xu Bing welcomed a government delegation from East China’s Zhejiang province that was visiting the U.S. tech hub to look for overseas talent. Xu had moved to the U.S. to study and built up his career in the tech industry, and Sun had been engaged in investment and mergers and acquisitions (M&A) for more than 20 years, before working together to establish their own virtual reality (VR) startup.

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