TikTok’s parent company to enter VR space

Short-video-making app TikTok’s parent company ByteDance is most likely preparing to join the virtual reality (VR) space, media reports say.

According to a source close to the issue, ByteDance aims to invest “tons of money” in VR-related content, citing a report from Protocol, The Verge reported.

Over 40 job listings have popped up for Pico, the Chinese VR headset maker ByteDance acquired last year, the report said.

Most openings are for Pico Studios’ west coast-based branches in California and Washington, ranging from a head of VR game strategy to a game operation manager, the report said.