Former smartphone giant HTC sold a Shanghai phone manufacturing facility so it boost its investments in the VR business. The buyer Xingbao Information Technology paid CNY630 million or approximately $91.17 million for the plant. Thedeal with XIT should not hurt distribution and sales of the latest HTC U Ultra and HTC U Play. Source | Via
Source: http://www.gsmarena.com/htc_sells_a_smartphone_factory_to_support_vr_business-news-23996.php
