HTC has major plans for the VR industry. The company announced that it has created a wholly-owned subsidiary, HTC Vive Tech Corporation, and that it is leading the development of the VR Venture Capital Alliance. All of these plans were announced at the GSMA Mobile World Congress in Shanghai.

HTC stated, “HTC can confirm that it has established

Source: Hot Hardware – HTC Spins Off Vive VR Business And Creates billion VR Venture Capital Alliance