Hurun Research Institute released the Hurun China Metaverse 200 on June 15. To make the list, a firm is required to be valued at over $1 billion.
In terms of industry, firms with expertise in metaverse essential technology accounted for 38 percent of Hurun China Metaverse 200, followed by applications with 23 percent, platform technology with 20 percent, intelligent terminals with 10 percent and network technology with 8 percent.
Among them, 16 percent are State-owned enterprises; 84 percent are private enterprises.
Alibaba, a tech giant headquartered in Hangzhou, capital of East China's Zhejiang province, ranked third on the list.
A Yitian 710 chip, developed by Alibaba Cloud, is displayed at an event in Hangzhou, Zhejiang province in October 2020. [Photo by Long Wei/For China Daily]