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Japan's gaming companies now bet on virtual reality startups

Gumi CEO says it "feels like 2007 all over again" - the year the smartphone era began, with the debut of the iPhone

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With mass adoption still years away, Mr Kunimitsu says there's ample opportunity to invest in the basic building blocks of VR technology.

Tokyo

HIRONAO Kunimitsu turned Gumi Inc into a 32 billion yen (S$402 million) company by betting early on smartphone apps. Now, he's pouring money into virtual reality (VR), on the hunch that we're on the cusp of the next tech boom.

The CEO of the mobile-games company isn't alone.