Pico Technology's booth was visited by a visitor who tried out the VR headset during the China 5G and Industrial Internet Conference, Nov. 19, 2020 in Wuhan (Hubei Province). ByteDance's first venture into virtual reality (VR), was made possible by the acquisition of Pico, a start-up.
GUANGZHOU, China TikTok's owner ByteDance made its first foray in virtual reality (VR), when it acquired Pico, a start-up.
Beijing-headquartered ByteDance did not disclose the size of the deal but said in a statement that Pico's "comprehensive suite of software and hardware technologies, as well as the talent and deep expertise of the team, will support both our entry to the VR space and long-term investment in this emerging field."
Pico was third in virtual reality headset manufacturing worldwide during the first quarter 2021. Shipments grew 44.7% year-on–year according to IDC.
