Digital Kingdom Group Co., Ltd., which manufactures innovative visual effects and one of the world's largest providers of virtual reality (VR) experience services, announced that it acquired the issued share capital of Lead Turbo Limited, the parent company of Shenzhen VR 3Glasses, on March 22, 2018. 66.88%, the total consideration is up to RMB 240 million (the consideration can be adjusted and will be paid in cash). Automotive Connector Terminal,Automotive Brass Terminal,Auto Stamping Connector Parts,Automobile Electric Wire Harness Terminal Wenzhou Langrun Electric Co.,Ltd , https://www.langrunele.com
Through this strategic move, Digital Real Estate's virtual reality business will extend to the hardware technology field, laying a solid foundation for building an all-embracing system focusing on the production and distribution of VR content, and thereby entering the huge virtual reality display device market.
The Digital Kingdom has more than 20 years of history in film visual effects, with visual effects for more than 200 Hollywood blockbusters. It is understood that since 2015, the digital kingdom has been actively deploying the VR industry. In 2015, it spent $39 million to become the controlling shareholder of the virtual reality technology company IMV. In 2016, it launched the 360-degree camera Zeus and acquired the VR video in 2017. Sprawly, the content creation platform, and launched a one-stop solution for VR camera, VR live broadcast, VR video content production, and VR content distribution. 
As one of the pioneers and leaders of China's virtual reality hardware devices, 3Glasses has launched the first VR head-mounted device 3Glasses D1 in China, the first domestic mixed-reality (MR) head-mounted device 3Glasses Lanper S1 Microsoft version development machine, and Pioneering the development of VR player 3Box. Relying on more than 15 years of technology precipitation, 3Glasses has grown into an innovative technology company covering VR hardware and software and development tools, content platforms, industry solutions and other integrated services. In 2016, 3Glasses and Samsung, Hewlett-Packard, Dell, Lenovo, Acer, Fujitsu and Asustek became the global partners of Windows Mixed Reality, and the company's strength and international influence were demonstrated.
3Glasses made a profit guarantee for the acquisition, and promised that the profits reached in 2018 and 2019 will not be less than RMB 30 million and RMB 50 million respectively, which will provide a more favorable guarantee for the long-term development of the digital kingdom business. .