No Result
View All Result
INDUSTRY INSIDER
About Us
  • Industry
  • Business
  • Tech
  • Bangladesh
  • World
  • Feature
  • R&D
  • Opinion
  • Magazine
  • More
Sunday, May 18, 2025
  • Industry
  • Business
  • Tech
  • Bangladesh
  • World
  • Feature
  • R&D
  • Opinion
  • Magazine
  • More
No Result
View All Result
INDUSTRY INSIDER
No Result
View All Result
Home Industry

Meta strikes deal with Tencent for VR headset

Meta strikes deal with Tencent for VR headset
by Insider Desk
November 13, 2023

In a recent development reported by the Wall Street Journal, Facebook and Instagram have been blocked in China. 

The move comes amid Meta’s efforts to enter the Chinese market through a preliminary deal with Tencent, which positions the Chinese company as the exclusive seller of Meta’s VR headset in China. The headset is expected to hit the market in late 2024.

This collaboration not only marks Meta’s return to China after 14 years but also sets the stage for a competitive edge against TikTok-owner Bytedance, which produces the Pico VR headset. 

In the United States, Meta currently offers the Quest 2 headset with a starting price of $300 and the Quest Pro headset priced at $1,000. 

Earlier this year, the company unveiled the Quest 3, starting at $500. The blocked social media platforms, Facebook and Twitter, had been prohibited in China since 2009 after authorities linked them to riots in Xinjiang.

The deal with Tencent holds strategic importance amidst strained relations between China and the United States, particularly following the Biden administration’s imposition of export curbs on certain high-end technologies. 

In the Chinese market, Meta plans to incorporate cheaper lenses in the headset compared to the Quest 3, making it accessible in terms of pricing. 

This version of the headset is intended for sale not only in China but also in other markets.

The collaboration outlines a distribution of responsibilities, with Meta securing a larger share of device sales and Tencent gaining more from content and service revenue. 

The focus on a more affordable headset allows Tencent to provide games and apps, potentially gaining traction among Chinese consumers.

This venture into China comes as Meta faces competition from Apple’s Vision Pro, a new mixed-reality headset set to be released early next year.

Tags: MetaTencent
Previous Post

Chemical safety ensures economic growth

Next Post

Why smart grid is the way to energy efficiency

Related Posts

Behind dairy’s unrealized potential 

by Md Asaduz Zaman
| May 11, 2025

Why Bangladesh needs stricter pharmaceutical regulations

by Sharmin Jahan Juha
| May 11, 2025

Rethinking hi-tech park strategies, focusing on FDI is key

by Shafiqul Islam
| March 23, 2025

Road to data-driven industry: Establishing operational data flow

by Giasuddin M Tauseef
| April 8, 2025

Mapping out Bangladesh’s path to global semiconductor competitiveness

by AKM Uday Hasan Bhuiyan
| February 6, 2025

Local processed foods’ path to global food shelves

by Mashfiq Mizan
| January 16, 2025

Next Post
smart grid

Why smart grid is the way to energy efficiency

You May Also Like


Bangladesh secures $290m World Bank loan to combat air pollution
News

Bangladesh secures $290m World Bank loan to combat air pollution

by Insider Desk
May 17, 2025
0

Bangladesh has concluded negotiations with the World Bank for a $290 million loan to tackle severe air pollution through a...

Read more
Nagad Digital Bank becomes first licensed digital bank in Bangladesh

Bangladesh Postal Department takes charge of Nagad

May 17, 2025
Bangladesh eases payment commitment regulations for banks

Surplus banks shun call money market

May 17, 2025
Interest payments to surge as Government faces mounting debt burden

Interest payments to surge as Government faces mounting debt burden

May 17, 2025
Internet prices to drop by 20% from July

Internet prices to drop by 20% from July

May 17, 2025
Home
Industry
Business
Tech
Bangladesh
World
Feature
R&D
Videos
Magazine
About Us Subscribe
Terms & Conditions
Privacy Policy
Refund Policy
Cancellation Policy
Industry Insider is published by Tareq Ahmed Robin, Sayem Sharif, Md Mahfuz Ul Islam and Mohammad Saiful Islam. It is a quarterly magazine, comes from House B-114, Level – 03, Road – 07, DOHS, Mohakhali, Dhaka – 1206
Reach Out: [email protected]
© 2023 – All rights reserved with Industry Insider | Developed By YSI Bangla Limited  Follow us on our socials:
© 2023 – All rights reserved with Industry Insider | Developed By   Follow us on our socials:

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • All News
  • Industry
  • Business
  • Tech
  • Bangladesh
  • World
  • Feature
  • R&D
  • Opinion
  • More
  • About Us
  • E-Magazine
  • Videos
  • Subscribe