News Snapshot:
TikTok’s parent company, Bytedance apparently has invested almost 5 billion yuan in acquiring a Chinese VR hardware manufactured named Pico. Notably, TikTok very recently developed and launched its Effect Studio feature which allows the developers to build AR effect filters for TikTok videos. Pico had launched the Neo 3 which was the biggest rival to another famous VR headset, Quest . Pico’s Neo 3 received positive feedback from its users, and as per a report published by IDC, the company owned the largest market share in China’s VR market in 2020. However, none of the companies has commented on this...
