He also expects advances in virtual reality technology.

Rick Yang, a general partner at venture capital firm New Enterprise Associates, shared a few of his predictions for 2016 with CNBC. One of his expectations is that e-commerce companies will continue a trend of opening physical locations, pointing to Warby Parker as one example who could lead the way.

Yang also expects more growth for virtual reality, calling 2016 a “tipping point” for the technology. “Time will tell, of course, but Yang believes real growth in VR will come from adoption of the more lightweight mobile VR headsets like the Samsung Gear VR — which is powered by Oculus — and Google's Cardboard,” Harriet Taylor of CNBC writes.

Read more at CNBC



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