The 2020 World Conference on VR (virtual reality) industry kicked off on October 19, 2020, in the capital of east China's Jiangxi Province, Nanchang. More than 160 exhibitors, including Huawei and Microsoft, are presenting their products on VR, AR (augmented reality), and MR (mixed reality), in a 30,000-square-meter exhibition area.

According to the Ministry of Industry and Information Technology (MIIT), China's VR market will amount to 54.45 billion yuan ($8.15 billion) by 2021.