At least 200 startup companies are working in domestic VR industry amid soaring growth

Hip-hop dancers, military marchers and daredevils in winged suits are bringing China's internet titans into the world of virtual reality.

The video stars have joined South Korean pop idols and animated fireflies as central players in a $1.1 billion global VR spending spree that's being fueled by Alibaba Group Holding Ltd, Tencent Holdings Ltd and Baidu Inc.