Tencent, Alibaba, ByteDance have the most potential in the metaverse: report
The Chinese tech giants lead a list of the country’s top 200 companies with the most potential in the metaverse, according to rich list compiler Hurun Report. To be eligible, firms needed to have a market capitalization of US$1 billion or more.
See related article: ‘Metaverse’ enters government radar at China’s Two Sessions
- In addition to the tech giants like Tencent, the top 20 companies also include state-owned telecom operators China Mobile and China Telecom, video streamers Mango Excellent Media and iQiyi, artificial intelligence-focused firm SenseTime, and big data service provider Inspur.
- Eight companies in the top 200 list are labeled as having advantages in blockchain, including Alibaba’s affiliate Ant Group, JD.com, and Bitmain.
- A few virtual reality and augmented reality (VR & AR) headset manufacturers are listed, including Apple suppliers Goertek, Thundersoft, Sunny Optical and Rockchip.
- Hu Run, the founder of publisher Hurun China, said the existing computing, storage, and network infrastructure is still unable to achieve a fully immersive experience, which is why about a third of the firms on the list are chipmakers and data services providers.
- Hu said the list is to let more people know which Chinese companies have the most potential in the metaverse.
- According to the list, half of the top 200 companies are headquartered in Beijing, Shanghai, and Shenzhen, with Beijing having 55 firms.
See related article: China’s largest brokerage says the metaverse will be popularized in two decades
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