When Pico launched its Oculus Quest challenger in China last year, it did so with great optimism. Light (295 grams) and affordable ($420), the virtual reality headset released by the ByteDance-owned manufacturer was expected to drive adoption in a market inaccessible to Meta. The odds were against Pico. Its sales have been sluggish, and this week, Pico, which was acquired by the TikTok parent two years ago, init… Click below to read the full story from TechCrunch
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ByteDance’s Oculus challenger Pico lays off hundreds, halts aggressive expansion
