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Company Name: Baofeng Mojing VR

Funding Received: RMB 290,000,000 Approximately equal to
USD:0

Funding Received Recentely: About RMB 230,000,000 Approximately equal to
USD:0

Category: Virtual Reality

Website: http://www.mojing.cn/

As the first hardware produced by Baofeng Technology, a listed company in China. Baofeng Technology achieved a record of market valuation appreciation of over 30 times that earned this company a lot of money. Now this company moved its leg to another hot field–Virtual Reality.

FYI, Baofeng (暴风) means Storm in Chinese.

In 2015, Baofeng Mojing VR got released and became famous in China. Unlike other companies who provides game or other application-situations to their users, Baofeng Mojing VR went one more step further: users can watch IMAX-class videos in this hardware. Baofeng is one of the big video provider in China, it provides a lot of TV dramas, movies and short videos for their users.

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Last week, Baofeng Mojing VR announced a RMB 230,000,000 Approximately equal to
USD:0
B-series, led by CITIC Capital, Kemian Wood and Baofeng Technology itself. After this round, estimated valuation of Baofeng Mojing VR has reached RMB 1.43 Billion.

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Hardwares from Baofeng Mojing VR is quite cheap compared with other helmet or cardboard. Baofeng Mojing VR v4 for Android and iOS is  RMB 199 Approximately equal to
USD:0
. And the Android verision shipped with a game console.

Data Authorization: ITJUZI.COM (Smarter Startup and Investment)