(Telecompaper) Chinese group Xiaomi has launched its first virtual reality device, the MiVR headset. Similar to Google's Cardboard, the MiVR is a low-cost entry to viewing virtual reality content. It features a lightweight Lycra design and works with phones of 4.7-5.7 inches. A two-way zipper encloses the phone in the device, and adjustable straps fit the device to the user's head. Xiaomi said Chinese consumers interested in testing the MiVR can do so for CNY 1.