US startup company Hyperloop One is seeking cooperation with four Chinese companies, as it aims to enter the Chinese market, its senior vice-president told China Daily.

It is also talking with a Chinese equity fund backed by a Chinese conglomerate for Series C funding.

"Four Chinese companies have participated in our Global Challenge competition with other applicants over the world and we will choose the winner to construct the world's first hyperloop networks," said George O'Neal, senior vice-president of Los Angeles-based Hyperloop One.