ByteDance, TikTok owner, gets serious about virtual reality

Virtual Reality Headset - Investment

The company is preparing to make substantial investments into VR technology. TikTok app owner, ByteDance, is jacking up its investments into the virtual reality space, according to a recent report. Media reports have indicated that the company is pouring substantial money into VR technology. The Protocol report cited a source close to the matter, who said that “tons of money” was being invested into virtual reality content. It appears that a good chunk of the ByteDance investment will be poured into hiring. The Protocol report indicated that more than 40…

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