The Ministry of Industry and Information Technology takes the lead in setting up IVRA, the China Virtual Reality Industry Alliance.

Under the guidance of the Ministry of Industry and Information Technology, it was jointly initiated by the China Electronics Information Industry Development Research Institute, the National Key Laboratory of Virtual Reality Technology and Systems of Beijing University of Aeronautics and Astronautics, Geer Co., Ltd. and HTC and other major companies and research institutes in the virtual reality field. The Virtual Reality Industry Alliance (IVRA) held its inaugural meeting in Beijing on the 29th.

According to reports, 180 companies and organizations have joined, including key enterprises and application organizations in the field of virtual reality, such as Geerguchi, HTC, Chuanda Zhisheng, Alibaba, Huawei, Jingdong, Intel, etc., Beijing University of Aeronautics and Astronautics, Beijing University of Technology, Chinese Academy of Sciences, Columbia University, Stanford University, Washington University, and other related universities and research institutes and related research laboratories and research centers, as well as local industrial parks and investment incubators in Laoshan District, Qingdao, etc.

Virtual reality technology refers to a computer simulation system that can create and experience virtual worlds. Virtual reality technology is called "next generation Internet" and "next generation mobile computing platform."

The window period for the outbreak of the virtual reality industry has opened. Goldman Sachs predicts that by 2025, the global virtual reality industry will form a market size of US$182 billion. It is estimated that by 2020, China's virtual reality market will reach 8.5 billion U.S. dollars, which is expected to become the growth center of the global virtual reality market.

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