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HTC Launches $100m VR Fund

Taiwanese smartphone and tablet maker HTC has launched Vive X, a $100 million fund set up to invest in VR start-ups around the world.

“Virtual reality is changing the world, yet to do that effectively it needs a healthy ecosystem to expand into the mass market,” quoth Cher Wang, CEO HTC.

With offices in San Francisco, Beijing and Taipei, the fund will seek to participate in start-ups including accessories makers and content creators.

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