JP Morgan: “These Metaverse Companies Could Explode!”

More popular after Facebook changed its name to Meta metaverse technology continues to evolve.

Keeping abreast of developments in the field of Metaverse US banking giant JP MorganHe said that China’s potential in the metaverse area is high.

JP Morgan analysts, who think that the game market in China may explode despite the various challenges that China presents with the metaverse sector, metaverse announced the stocks that will benefit from the boom of the sector.

JPMorgan said there are three Chinese companies that would benefit if the metaverse industry were adopted and exploded. Among them Tencent, Bilibili and NetEase companies were stated.

The bank said that as the most optimistic forecast, China’s game market could grow from $44 billion to $131 billion. This indicates a threefold increase.

JP Morgan analysts also noted that business enterprises and services metaverse He said it will be a big part of the development and growth of the market.

Analysts finally said that these predictions are based on the belief that metadata will change the way people act and conduct business in the future.

And the time people spend online is expected to double today’s estimated average of 6.6 hours.

Apart from JP Morgan, the US investment bank Morgan Stanley also stated that the metaverse market in China can reach 52 trillion yuan, or approximately 8 trillion dollars, and that Chinese technology giants such as Tencent, Alibaba, NetEase and TikTok owner ByteDance are in the leading position in China in Metaverse. told.