HTCs former CEO is making a risky bet on a new VR headset and virtual world

XRSpace, a company led by former HTC head Peter Chou, plans to launch a new virtual reality headset later this year. The headset is dubbed the Mova, and it’s supposed to ship in the third quarter of 2020 for $599. Its selling points include 5G support, a hand tracking interface, and an expansive virtual world called Manova. But it sharply bucks the trend of cheaper, more interoperable VR platforms — opting for a specialized system at a fairly high price.

The Mova is a self-contained headset that’s powered by a Qualcomm Snapdragon 845 processor. It looks similar to the Oculus Quest or the business-oriented HTC Vive Focus, although it’s slicker than either of them and gives users a choice of white or bright orange. It uses two cameras to...

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