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China telecom giants invest in AR glasses maker RayNeo

RayNeo, a Shenzhen-based AR glasses maker, has secured investment from subsidiaries of China Unicom and China Mobile ahead of CES 2026 in Las Vegas.

The round, which also included Goldstone Investment, reportedly exceeded 1 billion yuan (US$143 million), though RayNeo did not confirm the amount.

RayNeo is launching the X3 Pro Project eSIM, which it says is the first consumer AR glasses with built-in eSIM and 4G connectivity, removing the need for a paired smartphone.

The new model adds only 2 grams compared to the regular X3 Pro, and includes features such as a camera, display, and cellular networking for functions like music streaming and real-time translation in 14 languages.

RayNeo, incubated by TCL and founded in 2021, held a 24% share of the global AR glasses market in Q3 2025, according to Counterpoint Research.

🔗 Source: South China Morning Post

🧠 Food for thought

Implications, context, and why it matters.

China’s telcos back augmented reality (AR) glasses in network plans

  • Investments by Unicom Innovation Capital (China Unicom’s investment arm) plus China Mobile’s CM Beijing, CM Shanghai Funds (regional funds under China Mobile) bring big state carriers into smart glasses for the first time 1. The move puts augmented reality (AR) devices on the map for national communications infrastructure.
  • The AR glasses maker RayNeo said the carriers will help with embedded SIM (eSIM) management, 5G-Advanced (the next evolution of 5G networks) and content deals 2. That treats AR glasses as a connected device class for their networks.
  • RayNeo did not share the amount 2. Chinese media said the round, which included CITIC Securities-owned Goldstone Investment, topped 1 billion yuan (US$143 million) 2.

MVNOs and eSIM platforms see an opening in AR wearable data plans

  • eSIM lets remote provisioning and self-service activation 3. As AR glasses add standalone cellular connectivity (so they can operate without a paired smartphone), MVNOs plus eSIM platforms can craft wearable plans and onboarding.
  • Remote provisioning and fewer physical SIM shipments can trim operating costs 3. That helps when supporting new device types like AR glasses.
  • Many smartwatches still rely on paired phone mode because of carrier and regional limits, especially for travel eSIMs (short-term roaming data plans) 4. Cracking cross-border eSIM provisioning (activating service profiles when users move between countries) for AR glasses could set early leaders apart.

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