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In Depth: How a Hotly Pursued VR Startup Came to China, and Imploded

By Cui Xiankang and Cai Xuejiao
2022年08月09日 20:02
Courted by local governments, Weijian Technology’s founders had a vision to take their innovations from Silicon Valley to the Chinese market. But legal troubles turned that dream into a nightmare
Courted by China’s local governments, Weijian Technology’s founders had a vision to bring their VR innovations to the country’s market. But legal troubles turned that dream into a nightmare.

In late 2014, Silicon Valley-based entrepreneurs Sun Jing and Xu Bing welcomed a government delegation from East China’s Zhejiang province that was visiting the U.S. tech hub to look for overseas talent. Xu had moved to the U.S. to study and built up his career in the tech industry, and Sun had been engaged in investment and mergers and acquisitions (M&A) for more than 20 years, before working together to establish their own virtual reality (VR) startup.

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