China's over 10,000 VR companies signal scale of virtual reality boom

China had more than 10,000 virtual reality (VR) companies by the end of 2024, it was revealed at the 2025 World Conference on VR Industry (WCVRI), which concluded on Monday in Nanchang, the capital of east China's Jiangxi Province.

Xie Shaofeng, chief engineer of China's Ministry of Industry and Information Technology, said that the country's VR sector has established a self-reliant industrial system, a diversified and integrated application ecosystem, and a relatively complete industrial ecology.

Positive results have been achieved in breakthrough core technologies, the development of standards and technological integration, Xie added.

In recent years, China has formulated over 30 national standards and led the creation of nearly 10 international standards in key fields, such as virtual digital humans and VR terminal equipment, which have helped guide and ensure the industry's standardized development.

Hosted by the Jiangxi provincial government, six sessions of the WCVRI have been held in Nanchang to date.

In pictures: The WCVRI generates $530m in new tech investment