O-Film Tech realises $8m stake in Shenzhen VR Tech

Nov 30, 2016 • Nicole Idar

Touch panel maker O-Film Tech is moving into virtual reality with a stake in the VR device developer, whose backers include China Mobile Games and Entertainment.

Shenzhen Virtual Reality Technology, a China-based virtual reality (VR) device developer, has sold a 10.7% stake to touch screen panel manufacturer Shenzhen O-Film Tech for RMB60m ($8.7m), China Money Network has reported.

The startup’s backers include mobile games provider China Mobile Games and Entertainment Group and boutique investment bank China Growth Capital.

Founded in 2014, Shenzhen Virtual Reality Technology’s main business is making virtual reality headsets. Its 3Glasses model, launched in 2014, retails for RMB1,999.

The company raised RMB30m from…

LEADERSHIP SOCIETY

Informing, connecting, and transforming the global corporate venture capital ecosystem.
The Global Corporate Venturing (GCV) Leadership Society’s mission is to help bridge the different strengths and ambitions of investors across industry sectors, geography, structure, and their returns.

Find out more

FUNDING ROUND DATA

Which corporates are backing which startups? Search our corporate deal database.

CVC DIRECTORY

Find details about global CVC units in the CVC Directory

NOMINATE

Make a nomination for Rising Stars and Emerging Leaders

Events

GCV Connect: Korea 2024

Dec 10 -
Dec 12, 2024
Seoul (South Korea)

Find out more All events

Events

GCV Institute: CVC Investment Programs

Jan 28 -
Jan 29, 2025
Online

Find out more All events

Events

GCV Institute: CVC Investment Programs

Mar 17 -
Mar 18, 2025
Palo Alto, CA (USA)

Find out more All events

Events

GCVI Summit 2025

Mar 18 -
Mar 20, 2025
Monterey, CA (USA)

Find out more All events

Events

GCV Institute: Landing the Value of Corporate Venturing

May 1 -
May 6, 2025
Online

Find out more All events

Events

GCV Symposium 2025

Jun 17 -
Jun 19, 2025
London (UK)

Find out more All events

About us

GCV provides the global corporate venturing community and their ecosystem partners with the information, insights and access needed to drive impactful open innovation. Across our three services - News & Analysis, Community & Events, and the GCV Institute - we create a network-rich environment for global innovation and capital to meet and thrive. At the heart of our community sits the GCV Leadership Society, providing privileged access to all our services and resources.