MRStage is a Shanghai-based company specializing in virtual video production, digital humans, and XR (Extended Reality) technology. It offers MBOX, a digital green-screen studio that integrates deep AI character synthesis with real-time XR environments. The company develops hyper-realistic digital humans and virtual hosts for livestreaming, brand marketing, and virtual events. Its clients include public and commercial entities, with applications in cultural communication and digital brand engagement. Founded in 2020, MRStage received over 1370 million RMB in Series A funding from Alibaba and is recognized as a key player in China's virtual livestreaming and XR industries.