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SOFTWARE (NON-INTERNET/MOBILE) | Scientific, Engineering Software
blacksharktech.com

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Stage

Corporate Minority | Alive

About Black Shark

Black Shark is a provider of apex entrance/exit solutions for commercial and government sectors. It specializes in constructing reusable components to solve the user's challenges in biometric/biographic identification for both mobile and fixed use cases. Its first offering is Xavier, a library that enables the camera in the user's phone or table tot accurately and quickly read passport and other travel document information.

Black Shark Headquarter Location

6811 Spout Ln

Fairfax Station, Virginia, 22039,

United States

571-403-2587

Latest Black Shark News

Tencent in talks to acquire Black Shark to help with its metaverse dream: Report

Jan 11, 2022

(Representational Image) China’s Tencent Holdings Ltd is looking to acquire the Xiaomi backed gaming smartphone manufacturer Black Shark according to a report by Bloomberg. This deal will allow Tencent to move forward with its ambitions for the metaverse. Also Read - Metaverse is coming: Here’s what top tech companies are saying about it According to a report by Bloomberg citing anonymous sources, Tencent has begun talks to purchase Black Shark, which after the deal will pivot towards manufacturing virtual reality headsets for the tech behemoth. Also Read - Xiaomi 11T Pro will be the second smartphone to offer this feature in India The news about the potential acquisition was previously reported by local trade publication 36Kr. In a separate report, it is being said that Tencent Games will acquire Black Shark for approximately Yuan 3 billion, which when converted comes to a little over $470 million. While the Bloomberg report claims that Black Shark will focus on virtual reality headsets. Other reports claim that the company will continue to manufacture and sell gaming phones. To recall, Tencent has earlier partnered with Asus and Nubia to launch special edition gaming smartphones, and with the help of Black Shark, it will not need to strike any partnership deals with other smartphone manufacturers. With Black Shark, Tencent will also be able to bring its gaming devices overseas, considering that Black Shark has already penetrated some of the key markets across the globe. Tencent has been quite vocal about its ambition to create a metaverse of its own. In a recent earnings call, Tencent President Martin Lau stated that metaverse is “a real opportunity.” However, Lau also stated that development may take longer than expected to bring metaverse into reality. Specialised hardware is a key aspect of the metaverse, and conglomerates like Meta and Tencent know that. Meta being sort of a leader in the space, bought Oculus in 2014 to manufacture headsets. While another Chinese company ByteDance Ltd is also looking to capture the market, and last year purchased Pico, a domestic VR headset maker. Published Date: January 11, 2022 7:43 PM IST

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