Internet company LeEco's virtual reality affiliate is raising a $46m funding round led by investment bank China Bridge Capital.
LeVR, the virtual reality technology subsidiary of China-based internet group LeEco, is raising RMB300m ($46m) in funding led by an unnamed unit of investment bank China Bridge Capital, China Money Network reported today citing local media.
Should the round, which values LeVR at more than $460m, reach its target size it will represent the single largest venture round in the VR sector in China. The current record holder is Mojing, which secured $35m in January 2016.
LeEco initiated its virtual…
