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How do virtual worlds expand reality? Discover AR/VR tools, content creation, and platforms layering digital information onto everyday life.

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Contrary to a lack of ambition, Pico's failure is more closely tied to the pursuit of applications that didn't align with the strengths of VR technology.

Pico's odyssey: A collision of VR strengths and applications (Part 3 of 4)

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Pico&#8217;s odyssey: A collision of VR strengths and applications (Part 3 of 4)

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Deals in brief: Igloo and Gravel secure funding, COP28 participants step up financial commitments, multiple China, India, and Middle East deals, and more

An alias used when humans and machines team up in our newsroom. Articles under this byline may be shaped with the help of AI, but are always vetted by a human before publication.

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Sudo Lim

Like other Chinese VR businesses, Pico viewed Meta as the benchmark for success. Attempting to emulate the American tech giant, however, contributed to its downfall.

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Pico&#8217;s odyssey: Fall from favor highlights mismatch of Meta&#8217;s strategy in China&#8217;s VR industry (Part 2 of 4)

Transsion, an electronics brand popular in Africa, produces smartphones and feature phones tailored to local consumer preferences.

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What guides machine-led insights? Uncover AI applications, language models, and decision-making systems transforming sectors worldwide.

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Leading brand in Africa, Pakistan and Bangladesh thrives on local needs.

China's Transsion, world's No. 5 smartphone maker, keeps ascending

China&#8217;s Transsion, world&#8217;s No. 5 smartphone maker, keeps ascending

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ByteDance invested approximately RMB 20 billion in Pico, but even that substantial amount of funding could not avert the decline of the VR business.

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Cotti Coffee, founded by Luckin Coffee's original team, is a coffee chain known for its aggressive expansion, affordable pricing, and global ambitions.

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Luckin Coffee provides app-based ordering, convenient pickup, and a broad beverage menu, reshaping China’s coffee consumption patterns.

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Competition is brewing quickly in China’s coffee market, but not all players are feeling the heat equally.

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Starbucks unfazed by Luckin Coffee amidst intense competition in China&#8217;s coffee market

ByteDance, a Chinese internet company, uses machine learning to recommend engaging videos, news, and social content (via TikTok and Douyin).

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And Doubao is just one facet of ByteDance’s wider AI strategy.

Doubao hits 100 million DAUs as ByteDance extends its AI lead

36Kr is China's most influential business and technology network, delivering high-quality content focused on China’s innovation and new economy trends since 2010. With its extensive traffic and network, 36Kr has built a comprehensive database and strong data analytics capabilities to provide insights into China’s technology landscape.

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Huawei, a global telecom and smartphone vendor, delivers networking equipment, 5G solutions, and consumer devices integrating cutting-edge tech.

How is power evolving? Review renewable sources, grid innovations, and efficiency measures driving cleaner, more resilient energy systems.

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The former Huawei regional head joins as second-in-command to CEO Wang Lei.

EcoFlow hires Huawei veteran Peter Tong ahead of US IPO push

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What grounds digital progress in physical form? Analyze chipsets, sensors, and advanced components driving device performance.

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X Photonics has entered the consumer market with XLaserLab, whose laser welders and engravers are now leading crowdfunding charts.

After reaching B2B limits, X Photonics turns to Kickstarter to launch consumer laser engravers

KrASIA tracks China’s tech and business stories, alongside key developments across the broader Asia Pacific region.

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Pico’s odyssey: A collision of VR strengths and applications (Part 3 of 4)

Catalyst connect: Alibaba Cloud’s latest event on expanding businesses beyond borders

Deals in brief: Igloo and Gravel secure funding, COP28 participants step up financial commitments, multiple China, India, and Middle East deals, and more

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