Internet video company Beijing Baofeng Technology Co Ltd has revealed strong sales figures, and three acquisitions aimed at further developing itself into what Chief Executive Officer Feng Xin called a pan-entertainment business covering games, movies and music.

Speaking in Beijing, Feng revealed impressive sales of 1 million virtual-reality handsets since the start of the year.

He is now targeting 10 million sales by the end of 2016, sold through a network of some 20,000 offline VR stores.