According to the Wall Street Journal’s sources, Meta has struck a deal with Chinese behemoth Tencent for the world’s largest video game company to be the exclusive.
In brief: Fourteen years after being blocked in China for failing to comply with Beijing’s censorship rules, Meta, or Facebook as it was back then, has found a way back into the Asian nation through a deal with Tencent to sell a new, lower-cost VR headset.
According to the Wall Street Journal’s sources, Meta has struck a deal with Chinese behemoth Tencent for the world’s largest video game company to be the exclusive seller of Meta’s headsets in China. The agreement follows a year of negotiations between the two firms.
Tencent will start selling a less expensive VR headset in China next year featuring lenses that are cheaper than those in the Meta Quest 3, which costs $499.
