It’s worth noting if you are using this on an arm device, this isn’t a “virtualization VM” any more, as you are using the emulator backend, so this is far closer to a traditional emulator then anything else.
While the term virtual machine is extremely poorly defined, it could still apply.
also TCG is as slow as molasses, it’s a good demo, not actually usable for much, at least unless it’s a super beefy phone.