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HTC Announces $10 Billion Virtual Reality Investment Consortium

Taiwanese device maker HTC launched a consortium that pulls together 28 of the world’s largest VC firms, with a focus on virtual reality (VR), setting aside $10 billion of investible capital. Alvin Graylin, president of HTC China, said the VR VC Alliance will “invest in the future of VR and set the direction of where VR is going. Think about what $10 billion can do for this industry.”Graylin, speaking at Mobile World Congress Shanghai, said VR will be the next disruptor after the PC and mobile phone.

Source: HTC announces VC alliance for virtual reality – Mobile World Live