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social VR

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Alibaba has launched for the VR sector a research lab called “GnomeMagic Lab”

Alibaba spreads its wings into VR sector

Alibaba spreads its wings into VR sector

People wear headphones and virtual reality (VR) glasses to watch films at the VR cinema on March 3, 2016 in Amsterdam, Netherlands. [Photo/IC]

 “VR could enable customers to shop virtually on New York’s Fifth Avenue from the comfort of their own home,”

 

Chinese e-commerce giant Alibaba Group Holding Ltd on Thursday announced its own virtual reality (VR) research lab, dubbed GnomeMagic Lab, which aims to step into the “white-hot” industry.

Alibaba, which claims 400 million users across its services, said that GnomeMagic Lab will work with its shopping businesses to integrate VR into the shopping experience, according to technology website techcrunch.com. It also will explore other applications, such as video, with the company’s online video arm, Youku Tudou, and entertainment via Alibaba Pictures.

“VR could enable customers to shop virtually on New York’s Fifth Avenue from the comfort of their own home,” said former Facebook engineer Zhao Haiping, who is on Alibaba’s GnomeMagic Lab team, in a press release.

According to Alibaba, the lab’s first project is to establish the world’s largest three-dimensional (3D) commodity warehouse. The company’s engineers have already created VR visuals for hundreds of products, and a standardization tool is expected to be developed for merchants to swiftly accomplish 3D modeling for their products.

Earlier this year, a Dow Jones report said Alibaba led $794 million in funding for Magic Leap Inc, a US company that develops technologies that show 3D images on real world objects.

According to industry consultancy firm iResearch Consulting Group, this year the Chinese VR market will exceed 5.6 billion yuan ($880 million) in revenue. That compares to revenues of 1.5 billion yuan in 2015. It also estimates annual revenue is on track to break 55 billion yuan by 2020.

 2016-03-18

By Liu Zheng(chinadaily.com.cn)

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www.netkaup.is

NCO eCommerce  IoT

Virtual Reality Newsroom New Steps Toward the Future

SamsungUnpacked_03

Facebook newsroom  February 21, 2016  Today we’re announcing  new advances in our long-term efforts to build the future of virtual reality.

Mobile VR grows: 1m hours of video watched

Virtual reality is already something people can touch and feel with the Samsung Gear VR, powered by Oculus, which is in stores now. Gear VR is the best mobile VR experience in the world because it combines the leading VR software, built by Facebook’s Oculus team, with world-class mobile hardware, built by Samsung. Since Gear VR launched in November 2015, the response has been incredibly strong: More than 200 games and apps are now available for the platform in the Oculus store, and people have already watched more than a million hours of video in Gear VR.

New Steps Toward the Future of Virtual Reality

To read more:  Please “click” on the link below :

http://newsroom.fb.com/news/2016/02/new-steps-toward-the-future-of-virtual-reality/

Mobile VR grows: 1m hours of video watched

Dynamic streaming coming to mobile VR

Investing in social VR

 

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 NCO eCommerce, IoT, www.netkaup.is

Alibaba has launched for the VR sector a research lab called “GnomeMagic Lab”

Alibaba spreads its wings into VR sector

Alibaba spreads its wings into VR sector

People wear headphones and virtual reality (VR) glasses to watch films at the VR cinema on March 3, 2016 in Amsterdam, Netherlands. [Photo/IC]

 “VR could enable customers to shop virtually on New York’s Fifth Avenue from the comfort of their own home,”

 

Chinese e-commerce giant Alibaba Group Holding Ltd on Thursday announced its own virtual reality (VR) research lab, dubbed GnomeMagic Lab, which aims to step into the “white-hot” industry.

Alibaba, which claims 400 million users across its services, said that GnomeMagic Lab will work with its shopping businesses to integrate VR into the shopping experience, according to technology website techcrunch.com. It also will explore other applications, such as video, with the company’s online video arm, Youku Tudou, and entertainment via Alibaba Pictures.

“VR could enable customers to shop virtually on New York’s Fifth Avenue from the comfort of their own home,” said former Facebook engineer Zhao Haiping, who is on Alibaba’s GnomeMagic Lab team, in a press release.

According to Alibaba, the lab’s first project is to establish the world’s largest three-dimensional (3D) commodity warehouse. The company’s engineers have already created VR visuals for hundreds of products, and a standardization tool is expected to be developed for merchants to swiftly accomplish 3D modeling for their products.

Earlier this year, a Dow Jones report said Alibaba led $794 million in funding for Magic Leap Inc, a US company that develops technologies that show 3D images on real world objects.

According to industry consultancy firm iResearch Consulting Group, this year the Chinese VR market will exceed 5.6 billion yuan ($880 million) in revenue. That compares to revenues of 1.5 billion yuan in 2015. It also estimates annual revenue is on track to break 55 billion yuan by 2020.

 2016-03-18

By Liu Zheng(chinadaily.com.cn)

)Netkaup LOGO

www.nco.is

www.netkaup.is

NCO eCommerce  IoT