Apple veteran's Chinese smart-glasses firm becomes unicorn as Tencent, Meituan fund rival to Meta

A former Apple executive's Shenzhen-based startup has officially joined the elite group of unicorn startups, after securing funding from major players Tencent and Meituan. This move pits the smart-glasses firm against global tech giants like Meta. With a valuation surpassing $1 billion, the company aims to leverage AI to create advanced gadgets that offer personalized benefits to users, potentially reshaping the smart-wear market and setting the stage for a significant tech rivalry. The backing from such influential investors highlights the growing interest and investment in innovative wearable technology in China.