<Article>23 SZ firms listed as companies with most potential in metaverse</Article>

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szdaily -> Shenzhen ->

23 SZ firms listed as companies with most potential in metaverse

2022-06-17 08:53 Shenzhen Daily

A TOTAL of 23 Shenzhen-based companies including Tencent and Huawei were listed on Hurun China Metaverse Companies with the Greatest Potential 2022 released by Hurun Research Institute on Wednesday.

Shenzhen ranked third in the number of listed companies, following Beijing (55) and Shanghai (33). Moreover, 22% of the companies are based in the Guangdong-Hong Kong-Macao Greater Bay Area.

The list included the top 200 Chinese enterprises with the greatest development potential in metaverse. Companies such as China Mobile, China Telecom, Tencent, Alibaba, Baidu, Huawei and ZTE were among the top 20.

Tech companies accounted for 38% of the total listed companies, while application enterprises took up 23%, followed by companies in fields of platform technology (20%), intelligent terminals (10%) and network technology (8%).

“This is because metaverse needs the support of digital facilities, which is both a challenge and an opportunity for chip companies, especially the leading companies in the fields of GPU chips, MCU chips, LED chips, Wi-Fi chips and sensor chips. At the same time, metaverse needs cloud computing to process data, so data companies also have great potential,” Rupert Hoogewerf, Hurun Report chairman and chief researcher, explained.

In addition, the companies whose main businesses were mostly in software and data services, accounted for 17%, followed by semiconductor companies (16%), as well as media and entertainment enterprises (15%).

Hoogewerf added that “companies in the media and entertainment industries have actively used existing technical means to explore the application possibilities of metaverse. At present, games, films and virtual IPs are popular test fields.”

“According to a recent CitiBank forecast, the total number of metaverse users will reach 5 billion by 2030, and the potential market size of the metaverse economy may reach between US$8 trillion and US$13 trillion. This is a huge market involving many fields, which will significantly impact people’s future life,” Hoogewerf said.

(Huang Huiyu, Wang Jingli)