(Reuters) - Meta Platforms struck a deal with Tencent Holdings to sell a new, low-cost virtual-reality (VR) headset in China in a return to a market where Facebook and Instagram are blocked, the Wall Street Journal reported on Thursday. It also gives Meta a chance to return to China after 14 years and compete with TikTok-owner Bytedance, which makes the VR headset Pico. Meta sells Quest 2 headset in the United States at a starting price of $300 and Quest Pro headsets at $1,000. For China, Meta is planning to use lenses in the headset that are cheaper than those in the Quest 3, according to Journal report. The headset is priced more than three times Meta's most expensive Quest headset and is aimed at enthusiasts.

Source: Wall Street Journal November 10, 2023 05:35 UTC