Android Emulator is not running on Android Studio 3.0

I am trying to create a demo instant app which was demonstrated at Google IO 2017. I see, this needs Android Studio 3.0 and latest build tools and only few devices are white-listed to use this newly introduced concept.

Here, you can see that I have created an avd machine named Nexus 5X, I captured details of created machine, here you can see:

Name: Nexus_5X_API_25
CPU/ABI: Google APIs Intel Atom (x86)
Path: C:\Users\williams\.android\avd\Nexus_5X_API_25.avd
Target: google_apis [Google APIs] (API level 25)
Skin: nexus_5x
SD Card: C:\Users\williams\.android\avd\Nexus_5X_API_25.avd\sdcard.img
hw.dPad: no
runtime.network.speed: full
hw.accelerometer: yes
hw.device.name: Nexus 5X
vm.heapSize: 256
skin.dynamic: yes
hw.device.manufacturer: Google
hw.gps: yes
hw.initialOrientation: Portrait
image.androidVersion.api: 25
hw.audioInput: yes
image.sysdir.1: system-images\android-25\google_apis\x86\
tag.id: google_apis
showDeviceFrame: yes
hw.camera.back: emulated
hw.mainKeys: no
AvdId: Nexus_5X_API_25
hw.camera.front: emulated
hw.lcd.density: 420
avd.ini.displayname: Nexus 5X API 25
hw.gpu.mode: guest
hw.device.hash2: MD5:1be89bc42ec9644d4b77968b23474980
hw.ramSize: 1536
hw.trackBall: no
PlayStore.enabled: false
hw.battery: yes
hw.cpu.ncore: 2
hw.sdCard: yes
tag.display: Google APIs
runtime.network.latency: none
hw.keyboard: yes
hw.sensors.proximity: yes
disk.dataPartition.size: 800M
hw.sensors.orientation: yes
avd.ini.encoding: UTF-8
hw.gpu.enabled: yes

Here is SDK tools snapshot:

Well, I am facing some challenges when I am running this emulator. It does not do anything when I click on run button of this emulator.

Here are the error logs:

Emulator: Could not launch 'C:\Users\williams\AppData\Local\Android\Sdk\emulator/qemu/windows-x86_64/qemu-system-i386.exe': No such file or directory

Emulator: [12360]:ERROR:./android/qt/qt_setup.cpp:28:Qt library not found at C:\Users\williams\AppData\Local\Android\Sdk\emulator\lib64\qt\lib

Emulator: Process finished with exit code 2

Can anyone suggest what is wrong with this configuration ? BTW I have checked these Emulator in Android Studio doesn't start but no luck.