Hurun Research Institute released a ranking of the 200 Chinese companies with the greatest potential in the metaverse on July 20.

Essential technology has the most companies on the list with 89, followed by applications with 65, intelligent terminals with 22, platform technology with 15 and network technology with 9.

Among the 200, nearly 50 percent of these companies' headquarters are located in Beijing, Shanghai and Shenzhen. Moreover, 163 of them are private enterprises and 37 are State-owned enterprises.

Let's see the top 10 metaverse companies ranked by potential.