Baofeng reveals three acquisitions as VR handset sales soar
By Fan Feifei | China Daily | Updated: 2016-03-30 08:07
Internet video company Beijing Baofeng Technology Co Ltd has revealed strong sales figures, and three acquisitions aimed at further developing itself into what Chief Executive Officer Feng Xin called a pan-entertainment business covering games, movies and music.
Speaking in Beijing, Feng revealed impressive sales of 1 million virtual-reality handsets since the start of the year.
He is now targeting 10 million sales by the end of 2016, sold through a network of some 20,000 offline VR stores.
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