There’s a new VR headset in town and it’s got the Oculus Go -- and by extension Xiaomi -- in its sights.

Released by Chinese company Pico, the Goblin 2 looks pretty much the same as the Xiaomi and Facebook headset that was announced at CES this year: a no-frills rectangular headset, straps to hold it in place and a small handheld controller.

The Goblin 2 looks like Facebook's Oculus Go headset. (Picture: Pico)

Despite small cosmetic differences such as the Goblin 2’s slightly darker shade of grey, they’re designed to deliver essentially the same experience. That is, an affordable and self-contained mobile VR experience without the need for a smartphone.

That’s funny because the specs read like a smartphone. It runs on Android 8.1 Oreo and is powered by the Snapdragon 835, which is also found in the Google Pixel 2 and Samsung Galaxy S8.

It also comes with 4GB of RAM and 32GB of inbuilt storage.

Display wise, it actually features two 3.5-inch displays that offer a combined resolution of 3K -- a shift from other similar headsets, which usually have a single display. (The original Goblin had a single 5.5-inch display).

Price wise, it costs just under US$300 -- making it an affordable option for those customers who are just dipping their toes in the VR headset market.

The Goblin 2 will go on sale for about US$300. (Picture: Pico)

But that price does make it about $80 more than the Mi VR Standalone.

But it’s not just the Facebook/Xiaomi device that the Goblin 2 is competing against -- at least in the Chinese market.

There’s also the HTC Vive Focus, a slightly more premium headset that starts at about US $600. But unlike the Xiaomi and Pico models, the Vive Focus lets users freely move around virtual environments while wearing the device.