US EUROPE AFRICA ASIA 中文
    Business / Technology

    Shanda Group plans to make VR theme park a reality

    By Gao Yuan (China Daily) Updated: 2016-02-03 07:52

    Shanda Group plans to make VR theme park a reality

    Cosplayers at the stand of Shanda Group at an Internet culture and games expo in Beijing. [Photo/China Daily]

    Stocks of Chinese virtual reality firms surge as tech majors increase investment

    Shanda Group is planning to build China's first virtual reality theme park where visitors will find themselves immersed in a digital world riding spaceships, dodging bullets and fighting dragons.

    The Shanghai-based Shanda, which once operated a top online gaming platform in the country, also pledged $350 million investment in the VR sector, according to a company executive.

    Shares in Chinese VR companies surged on Tuesday as Shanda and other tech majors increase investment.

    Robert Chiu, president of Shanda, said the company is introducing The Void theme park to an undisclosed location in China. The Void is a United States-based entertainment company that specializes in VR technologies. Shanda said it is the sole investor of The Void besides its founder.

    "We will build it (in China) as soon as we have a local partner," Chiu said. He added that the VR park gives players more realistic feeling than video games and the construction time will be significantly less than traditional theme parks such as the Disneyland.

    At the park, gamers will be equipped with a VR helmet for video display, a pair of gloves to interact with the environment and a body vest that delivers haptic feedback, said the company.

    The Void's first theme park, featuring science fiction battles with imaginary creatures and more, is scheduled to be opened this summer in Utah, and it is planning more facilities in markets such as Australia and Europe.

    Shanda said it has moved its strategy from online gaming to the VR market. In mid-January, the company cut loose its flagship gaming subsidiary Shanda Games Ltd by selling off its shares.

    On Tuesday, a Dow Jones report said Alibaba Group Holding Ltd led $794 million funding for Magic Leap Inc, a US company that develops technologies that show three-dimensional images on real world objects.

    An index that tracks stocks in China-listed VR companies jumped by 5.8 percent on Tuesday following the Shanda and Alibaba investments. Led by hardware makers, 17 out of 24 companies involved in the VR business saw their prices jump. Price of Hangzhou-based VR hardware maker Liaison Interactive Information Technology Co Ltd reached the 10-percent daily increase limit set by market regulator.

    Tim Merel, founder and chief executive of industry research firm Digi-Capital, said revenue in the global VR market is on track to hit $30 billion by 2020, with the Asian market a key driver.

    "There are significant concentrations of development in Asia, with the Chinese market in particular giving rise to many homegrown competitors," said Merel. "China is one of the most interesting markets, with many great innovators and entrepreneurs."

    Last year, tech giants including Baidu Inc, LeEco Holdings Co Ltd and Tencent Holdings Co Ltd announced investments in the VR sector. The biggest focuses from the companies include hardware making and the production of VR video content.

    Hot Topics

    Editor's Picks
    ...
    惠民福利中文字幕人妻无码乱精品 | 亚洲欧美日韩中文播放| 亚洲天堂中文字幕在线| 无码人妻丰满熟妇啪啪| 无码av高潮喷水无码专区线| 亚洲欧美中文字幕高清在线| 狠狠精品久久久无码中文字幕| 中国无码人妻丰满熟妇啪啪软件 | 国产成人精品无码免费看| 中文无码字慕在线观看| 亚洲欧美日韩、中文字幕不卡| 狠狠躁天天躁无码中文字幕| 亚洲热妇无码AV在线播放| 中文字幕在线免费看线人| 亚洲男人在线无码视频| 久久久无码一区二区三区| 少妇无码太爽了在线播放| а天堂8中文最新版在线官网| 中文字幕无码久久人妻| 国产精品无码无卡在线播放| 无码专区狠狠躁躁天天躁| 成人无码A区在线观看视频| 人妻中文久久久久| 久久最近最新中文字幕大全| a中文字幕1区| 亚洲精品一级无码鲁丝片| 久久国产三级无码一区二区| YW尤物AV无码国产在线观看| 国产成人无码久久久精品一| 国产精品无码无片在线观看| 97性无码区免费| 国产成人无码精品一区二区三区| 日韩精品真人荷官无码| 久久久久久无码Av成人影院| 日韩免费无码一区二区三区 | 国产AV巨作情欲放纵无码| 亚洲AV无码久久精品色欲| 亚洲AV无码第一区二区三区 | 久99久无码精品视频免费播放| 久久久久亚洲AV无码去区首| 亚洲精品无码专区2|