HTC is expected to spin off its virtual reality (VR) business in the third quarter of 2016 at the earliest, according to a Chinese-language Commercial Times report, citing company chairperson Cher Wang.
HTC has said it will own a 100% stake the new business entity without further elaboration, said the paper.
HTC has established Vive Studios to develop VR content in-house, as well as a Viveport channel to promote the sale of its own VR content.
HTC said it has teamed up with a number of electronics retail shops and partners to promote the Vive globally, including Microsoft and GameSpot in the US, Dixons, Currys PC World, Scan Computer and Overlockers UK in Europe, and Bandai Namco in Japan.
HTC also began to sell the Vive in the Taiwan market on May 30, priced at NT$28,288 (US$867), through its own retail shops and telecom operators including Taiwan Mobile, Far EasTone Telecommunications (FET) and Asia Pacific Telecom.
Article translated by Steve Shen
