HTC sells a smartphone factory to boost VR business

March 16th, 2017   decode   news

Former smartphone giant HTC sold a Shanghai phone manufacturing facility so it boost its investments in the VR business. The buyer Xingbao Information Technology paid CNY630 million or approximately $91.17 million for the plant.

Thedeal with XIT should not hurt distribution and sales of the latest HTC U Ultra and HTC U Play.

Source | Via

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