Many see big picture for virtual reality

China is becoming a battlefield for virtual reality companies competing to triumph in the world's top consumer electronics market.

HTC Corp introduced its VR goggles - HTC Vive - on March 10 in Shenzhen. The Taiwan-based smartphone maker is betting on the booming VR sector at a time when smartphone sales have slowed.

Cher Wang, co-founder and CEO of HTC, said the company will focus on developing virtual reality devices during the coming 10 years.