Xiaomi, Oculus in VR set deal

Move to make tech affordable, accessible for ordinary users

Oculus, the virtual reality or VR equipment maker backed by Facebook Inc, is partnering with smartphone vendor Xiaomi Corp to crack the Chinese market, as part of their joint push to allow more people to experience high-quality VR at affordable prices.

Hugo Barra, vice-president of VR at Facebook, said at the Consumer Electronics Show in Las Vegas, "Oculus and Xiaomi are jointly announcing a new standalone VR product that is designed specifically for the Chinese market, which will be known as Mi VR."