Baofeng reveals three acquisitions as VR handset sales soar

Internet video company Beijing Baofeng Technology Co Ltd has revealed strong sales figures, and three acquisitions aimed at further developing itself into what Chief Executive Officer Feng Xin called a pan-entertainment business covering games, movies and music.

Speaking in Beijing, Feng revealed impressive sales of 1 million virtual-reality handsets since the start of the year.

He is now targeting 10 million sales by the end of 2016, sold through a network of some 20,000 offline VR stores.