In today’s briefing:
- Kujiale: 3D Design Platform for Home Décor
- PICO: Leader in Chinese XR Market
Kujiale: 3D Design Platform for Home Décor
- Founded in 2011, Kujiale (1716974D CH) is a Chinese technology company that provides a 3D design and visualization platform for home decoration and furniture.
- The company’s AR/VR tech platform allows users to generate design sketches to decorate and furnish their homes, as well as providing information and networking services on home design.
- The company’s parent Manycore is the largest residential interior DDC cloud-based software provider (Kujiale is the flagship product offered by Manycore) with a market share of 56.5% in 2020.
PICO: Leader in Chinese XR Market
- Pico Technology (1870309D CH) is a Virtual Reality (VR) / Extended reality (XR) technology company that develops and sells VR glasses and comprehensive XR solutions.
- The company is the market leader in the XR market in China and has a global presence. It was acquired by ByteDance in 2021.
- PICO is a company to watch for in the VR/XR segment given it operates in a growing market and has already established itself as a prominent player in this space.
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