UploadVR raises $1.25M in funding from China’s Shanda Group

A year ago, UploadVR was formed as one of many meetups for developers interested in virtual reality. Today, the company has raised $1.25 million in seed funding from China’s Shanda Group.

That tells you how fast things are moving in the world of VR, which is expected to be a $30 billion market by 2020, according to tech advisor Digi-Capital.