Pankaj40. NextVR Inc
Headquarters: Newport Beach, California
Bought By: CITIC Group Corp
Headquarters: Beijing, China
Earlier this year, tech giant Apple bought NextVR, an exciting virtual reality company with a lot to offer. NextVR has some very special patented technology to its name that helps set it apart from other companies of its kind, but it may not have gotten where it is today without the help of CITIC Group Corp in 2016.
The Beijing-based company provided a very healthy cash injection of $20 million four years ago in a bid to help NextVR up their game. At the time, the company was shopping around for several different investors. CITIC just happened to be one of them.