IPO of WIMI Hologram Cloud at NASDAQ in the United States: the World’s First Share of Holographic AI Vision Earned 89 million yuan Annually
Hongkong, Jul 7, 2019 — WIMI Hologram Cloud ’s holographic cloud published its IPO prospectus globally on June 27, 2019 in the United States. Its net profits exceeded 89 million yuan in 2018, making profits for two consecutive years. The IPO of WIMI Hologram Cloud was listed at NASDAQ Global Board, and as the first share of global holographic AI vision, the profit growth space has been opened. With the development of 5G holographic communication, WIMI Hologram Cloud ’s holographic cloud, which was established only four years ago, is expected to be explosive in the future.
Currently, the relatively mature applications of holographic AI include entertainment and advertising industry. With the improvement of people’s understanding and acceptance of this technology, holographic AI advertisements will be adopted by more brand owners, and holographic Ai shopping will gradually become popular in the e-commerce platform. In addition, as holographic AI technology matures, more application fields will be developed to expand the value of this technology. The listing of the first share of IPO of holographic AI vision at NASDAQ in the United States will ignite the enthusiasm of AI vision companies in listing.
The holographic AR industry value chain consists of three main parts. The upstream section refers to key hardware, software, services and providers and participants related to content production. The midstream participants is the provider of holographic AR solutions, integrating the upstream hardware and integrating software systems to form final products or solutions. The downstream refers to end-users, including governments, enterprises and household / individual consumers.
The business models of midstream and upstream participants are different. When hardware, software and service providers focus on R&D to further enhance their core technologies and reduce production costs, holographic AR device integrators and content creators must identify target users, build brand reputation and enhance the user experience. Some holographic AR device integrators have strong internal research capabilities, and play a role in the upstream and midstream markets, which is very common.
WIMI Hologram Cloud has the leading AR holographic application platform in China. According to Frost & Sullivan, WIMI Hologram Cloud is already the largest holographic AR application platform in China in terms of total revenue in 2017. In addition, WIMI established the most comprehensive and diversified holographic AR content library among all holographic AR solution providers in China. In terms of revenue, number of customers, holographic AR contents and the number of holographic AR patents and software copyright, WIMI Hologram Cloud ranks the first in the Chinese holographic AR industry. Throughout the year 2018, WIMI Hologram Cloud had approximately 4,654 AR holographic contents, 106 software copyrights and 219 technology patents. WIMI Hologram Cloud is dedicated to meeting the entertainment and business needs of customers and end users by its holographic technologies. According to Frost&Sullivan, the holographic AR application platform operated by WIMI Hologram Cloud covers the most extensive types of holographic AR products in China. The comprehensive platform application of WIMI Holographic Cloud is a key factor that distinguishes WIMI Hologram Cloud from its competitors.
WIMI Holographic cloud plans to continue to improve and strengthen existing technologies, maintain its industry leadership and create an ecological business model. At present, WIMI Hologram Cloud ’s holographic facial recognition technology and holographic facial change technology are being applied to the existing holographic advertising and entertainment business, and the technologies are also being upgraded in order to make breakthroughs in more industry fields. WIMI Hologram Cloud is targeted at building a commercial ecological system based on the application of holographic technology.
WIMI Hologram Cloud plans to continue to invest a lot of resources to strength its capability to develop holographic AR content. WIMI Hologram Cloud is committed to enriching holographic content combinations and providing high-quality holographic experience. WIMI Hologram Cloud plans to continue to expand holographic content libraries through various ways.
In recent years, the application market for the facial recognition industry has continued to expand. For better accuracy and quality, the facial recognition application presents a trend of transition from two-dimensional technology to three-dimensional technology. The reason for this trend is that 2D facial recognition technology is susceptible to posture, light, appearance and other factors, resulting in decrease in recognition rates. Therefore, WIMI Hologram Cloud believes that three-dimensional technology will gradually replace the three-dimensional facial recognition technology. WIMI Hologram Cloud plans to providing 3D facial recognition holographic cloud application services based on artificial intelligence algorithms. In the future, WIMI Hologram Cloud plans to meet potential customers in each industry through its 3D facial recognition holographic cloud technology, such as customers in the field of home, retail, tourism, telecommunications, finance, national security, robotics, education, social media, terminal equipment, business, transportation, smart business or other potential applications.
WIMI Holographic cloud plans to continue to improve and strengthen existing technologies, maintain its industry leadership and create an ecological business model. At present, WIMI Hologram Cloud ’s holographic facial recognition technology and holographic facial change technology are being applied to the existing holographic advertising and entertainment business, and the technologies are also being upgraded in order to make breakthroughs in more industry fields. WIMI Hologram Cloud is targeted at building a commercial ecological system based on the application of holographic technology.
In 2018, WIMI Hologram Cloud ranked first in the number of customers, holographic AR contents, holographic AR patents and software copyrights in China’s holographic AR industry. The IPO prospectus of WIMI Hologram Cloud was listed globally in the United States on June 27, 2019. The net profit in 2018 exceeds 89 million yuan, making profits for two consecutive years. As the first share of global holographic AI vision, WIMI Hologram Cloud listed he IPO at NASDAQ Global Board in the United States, and the profit growth space has been opened. With the development of 5G holographic communication, WIMI Hologram Cloud ’s holographic cloud, which was established only four years ago, is expected to be explosive in the future.
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