BEIJING -- MAD Gaze, a Chinese company that develops augmented reality smart glasses, is preparing for a new funding round after launching a motion control watch and wide-angle lenses that can be used at a distance.
Tech majors such as Microsoft and Google have long launched AR glasses but the technology has yet to be used widely in part due to high prices. Estimates by industry officials showed that the majority of consumer AR glass makers sell an average of only around 2,000 units per annum.
