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WSJ Information Unique | Meta Moves Deal to Go back to China After 14 Years

WSJ Information Unique | Meta Moves Deal to Go back to China After 14 Years
November 10, 2023



SINGAPORE—Meta Platforms has struck a initial deal to promote a brand new, lower-priced model of its virtual-reality headset in China, regaining a foothold amongst customers within the nation 14 years after Fb was once close out. The settlement with Tencent Holdings will make the sector’s greatest videogame corporate the unique supplier of Meta’s headsets in China, folks conversant in the topic stated, providing the U.S. generation large a significant new marketplace because it seems to be to spice up tepid international call for for its area of interest equipment. Tencent will get started promoting the headset starting overdue 2024, with the 2 corporations attaining a deal after a couple of yr of negotiations.Copyright ©2023 Dow Jones & Corporate, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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