First VR Industry Alliance "National Team" Established

This year as the first year of VR, many companies or organizations have initiated the establishment of an industry alliance. The reporter learned yesterday that the “China Virtual Reality Industry Alliance” initiated by the Ministry of Industry and Information Technology has been established, and nearly 180 corporate organizations including Jingdong, Ali, LeTV, and HTC have joined.

According to Goldman Sachs, by 2025, the global VR industry will form a market size of US$182 billion. It is estimated that by 2020, the Chinese market will reach 8.5 billion U.S. dollars, which is expected to become the growth center of the global VR market. As the first "national team" of the VR industry alliance, its purpose was to promote China's VR industry to improve its core competitiveness.

At present, the alliance members include the major companies, research institutes and industrial parks, including HTC, Alibaba, Huawei, Jingdong, CCTV, Coocaa, AMD, Intel and other key enterprises and application organizations in the field of virtual reality. In addition, it also includes related research centers of famous universities and research institutes such as Peking University, Tsinghua University, Zhejiang University and Stanford University.

Zhang Feng, chief engineer of the Ministry of Industry and Information Technology, stated that China's virtual reality enterprises are still mainly small and medium-sized start-ups. The strategic layout of key enterprises is relatively sluggish. Technological products are mostly in the stage of R&D accumulation. There is a big gap between industry maturity and foreign countries, and there are also core issues. Inadequate key technologies, lack of content, and imperfect application ecology.

For the future development, Zhang Feng believes that it is necessary to strengthen strategic planning and top-level design, strive to build a complete industrial ecosystem, and promote the integration of virtual reality with various industries.

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