Hony, Poly Capital to open VR cinemas with China's Digital Domain
China-focused private equity firms Hony Capital and Poly Capital have partnered with Digital Domain Holdings, a Hong Kong-listed digital visual effects and virtual reality (VR) technology developer, to establish a joint venture that will open VR theaters in mainland China.
Financial terms were not disclosed. The JV, Digital Domain Space, will focus on VR technology R&D, content creation, and distribution, with a view to offering VR experiences to consumers under a new business...
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