WSJ Information Unique | Meta Strikes Deal to Return to China After 14 Years

SINGAPORE—Meta Platforms has struck a preliminary deal to promote a brand new, lower-priced model of its virtual-reality headset in China, regaining a foothold amongst shoppers within the nation 14 years after Fb was shut out. 

The settlement with Tencent Holdings will make the world’s largest videogame firm the unique vendor of Meta’s headsets in China, individuals conversant in the matter stated, providing the U.S. expertise large a significant new market because it seems to spice up tepid international demand for its area of interest gear. Tencent will begin promoting the headset starting late 2024, with the 2 firms reaching a deal after a few yr of negotiations.