Meta to return to China after 14-year hiatus
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Meta has struck a deal with Tencent to sell a new, low-cost virtual reality (VR) headset in China, as per a Wall Street Journal (WSJ) report. This collaboration marks Meta's comeback to the Chinese market, where Facebook and Instagram have faced restrictions since 2009. Tencent is set to be the sole distributor of Meta's VR headsets in China, with sales projected to commence in late 2024.