It does but usually very, very slowly, and success is patchy; and according to the warning in the VirtualBox User Manual it may be highly dependent on having the 'right' blend of hadware, whatever that may be. I have managed to get it working on a Microsoft Surface Book 2, but haven't had time to do any extensive testing yet; and I'm fully prepared for it to stop working again when Microsoft releases its next version update!
Would I trust the VirtualBox VM for serious work? Absolutely NOT - Would describe the level of success as 'Alpha' quality rather than 'Beta', but not bad for both Hyper-V Windows 10 and VirtualBox Windows 10 VM actually running simultaneously.
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WSL2, Windows Sandbox, Docker and Android Studio requires Hyper-V. VMWare 20H1, qemu for windows also support Hyper-V. I think it's very important for VBox to support it.