Meta’s Virtual Boost: Tech giant to return to China after 14 years to sell its Quest VR headset

News Snapshot:

Meta Platforms, formerly known as Facebook, has reportedly entered into a preliminary agreement with Tencent Holdings to introduce a cost-effective virtual reality (VR) headset in the Chinese market. This move is aimed at re-entering a market where Facebook and Instagram have been blocked for several years, according to a report by The Wall Street Journal. The agreement outlines that Tencent will serve as the exclusive distributor of Meta’s VR headsets in China, with plans to commence sales starting in late 2024. The report did not provide details about the expected price of the headset. Facebook and Twitter were initially blocked...