Apple veteran's Chinese smart-glasses firm becomes unicorn as Tencent, Meituan fund rival to Meta

The Shenzhen-based startup received funding from Tencent and Meituan that valued the company at over $1 billion, according to reporting on the funding round. The company develops smart glasses and related electronics. Apple veteran [name needed for full accuracy] founded or leads the firm, which competes in the market for AI-enabled wearable devices alongside Meta and other manufacturers.

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