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More than 200 global exhibitors have showcased new products, technologies and digital applications at the 2023 World Conference on VR Industry in the city of Nanchang, east China's Jiangxi Province. This year's conference was themed, "VR Adorns the World: Integrating the Real and the Virtual Worlds to Boost All Industries." It aimed to create a new interactive virtual reality space using technologies including VR, 5G, artificial intelligence and the metaverse. Over 3,000 industry professionals from more than 20 countries and regions signed up for the two-day event that got underway on Thursday. The annual conference was first held in 2018 and has seen nearly 600 projects confirmed over the past five editions – exceeding a total value of 336.6 billion yuan, or around $46 billion. Jiangxi Province is home to more than 400 VR enterprises. Revenue generated by the VR and related industries has surged from around $574 million in 2018 to $11.1 billion in 2022. Nanchang-based VR industries are expected to bring in annual revenue of $11 billion in 2023, with the city speeding towards its goal of becoming a world-class VR center.
