WIMI’s IPO on NASDAQ Indicates the Rapid Growing of China's 5G Holographic AR+AI Vision Market

Hongkong, Jul 12, 2019 - (Asia Presswire) - China values 5G because it will drive many new applications in consumption, and there will be many applications in the industry in the future. 1G to 4G is mainly for consumer applications, while 5G should be expanded into industrial applications and penetrated all aspects including telemedicine, distance education, smart city, automatic driving and agriculture, etc. In the long run, the return on industrial applications may be greater than that for consumer-oriented applications, but it may still focus on consumption applications at the beginning of the 5G. China’s 400 billion market is a huge opportunity for all. WiMi Hologram Cloud’s IPO in the United States will give birth to the world’s first listed company in the 5G holographic AR + AI vision field.

 

There are a large number of Internet users and mobile Internet users. As system vendors such as Apple and Google introduce a base tool platform, it become easier for developers to create and provide diverse AR content, enabling AR technology to be quickly provided to a large number of users. In addition, the store offering the AR experience penetrates quickly in Chinese malls, and consumer can enjoy the AR experience at a lower cost, which promotes consumer acceptance of AR.

The AR applications are currently mainly used in entertainment, advertising, education and other industries. They have relatively mature hardware environment, which is very beneficial to the development of software and contents in these fields. In the long run, these applications will also appear in social networking and communications field, although these applications are still limited by hardware technology.

 

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. (Source: U.S. SEC - FORM F-1, WiMi Hologram Cloud Inc., Securities and Exchange Commission (SEC), June 27, 2019.)

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.

(Source: Unicorns Had Known Earlier)

 

WiMi Hologram Cloud covers multiple links of holographic AR technologies such as holographic computer vision AI synthesis, holographic vision presentation, holographic interactive software development, holographic AR online and offline advertising launch, holographic ARSDK payment, 5G holographic communication software development, holographic face recognition development, and holographic AI face change development. It has the one-stop service capacity. At present, it has grown into one of the largest integrated technology provider of holographic cloud in China.

 

* Source: U.S. SEC - FORM F-1, WiMi Hologram Cloud Inc., Securities and Exchange Commission (SEC), June 27, 2019.

Media Contact: 

Company Name: Insight Data Talking Institute

City, State, Country: London, England, UK

Address: 215-217 Charlotte Street, London W1T 1RJ, England

Contact: Ronald Sims

Tele: (+44) 20 7698 1963

Email: morningstar.editors@gmail.com

Website: http://www.insightdatatalking.com

Tweet

Latest News

Streep, Miranda and Stone are named as Met Gala co-0chairs

Nov 15, 2019

NEW YORK — Next year's Met Gala may be the closest we'll ever come to getting a Miranda Priestly moment at the starry event. Meryl Streep has been named as a co-chair of the Metropolitan Museum of Art's Costume Institute. The Oscar-winner played Priestly, a thinly veiled fictional version of Vogue editor Anna Wintour, in the movie "The Devil Wears Prada." Wintour clearly has no hard feelings because she selected Streep as a co-chair along with Lin-Manuel Miranda and fellow Oscar-winner Emma Stone. Designer Nicolas Ghesquiere rounds out the group. The gala's theme is "About Time: Fashion and Duration," which...

ABC says interview with Epstein accuser wasn't ready to air

Nov 15, 2019

NEW YORK — ABC News faced questions Tuesday about its reluctance to air a sensitive story of alleged sexual misconduct after a leaked video emerged of reporter Amy Robach complaining about how her bosses handled an interview with a Jeffrey Epstein accuser. The conservative web site Project Veritas released video of Robach venting that "every day I get more and more pissed" that her 2015 interview with Virginia Giuffre never made the air. Robach made her remarks late in August while sitting in a Times Square studio with a microphone but not on the air. ABC said Tuesday that the...

Olivia Newton-John's final 'Grease' ensemble fetches $405K

Nov 15, 2019

BEVERLY HILLS, Calif. — Two collectors said you're the one that I want to Olivia Newton-John's iconic "Grease" leather jacket and skintight pants at an auction Saturday in Beverly Hills. Julien's Auctions says the combined ensemble, which Newton-John's character Sandy wears in the closing number of the 1978 film, fetched $405,700 total. The leather jacket sold for $243,200 and the pants, which Newton-John famously had to be sewn into, went for $162,500. Other "Grease" memorabilia included a Pink Ladies jacket that went for $50,000 and a poster signed by Newton-John, John Travolta, director Randal Kleiser and producer and songwriter John...

Scorsese, De Niro and Pacino on time and 'The Irishman'

Nov 15, 2019

NEW YORK — They come into the room not like the moveable Mount Rushmore that they are but like three old friends, energized by being in each other's company. They are chatting about movies. Martin Scorsese comes first, then Al Pacino, then Robert De Niro. They're trailed by a small army of publicists and assistants that quickly recedes out of the room. Constant through the momentary commotion is Scorsese enthusiastically remembering Michael Powell and Emeric Pressburger's "A Matter of Life and Death," and quoting its lines to a rapt Pacino. Their movie, "The Irishman," also deals majestically with matters of...

After son's death, Craig Morgan finds God's purpose in song

Nov 15, 2019

NASHVILLE, Tenn. — The last evening that country singer Craig Morgan spent with his 19-year-old son, Jerry, was during one of Morgan's performances at Grand Ole Opry three years ago. "The last pictures I have of us together is on that stage," Morgan, 55, said backstage at the Opry House this week. "So this is a very special place. It was anyway before, but now it has additional meaning, knowing this is where we hung out together." His son, Jerry, who was home visiting from college, died in a drowning accident on Kentucky Lake in July 2016. Three years later,...

There are so many celebrities out there, but who’s the real Diva? Discover more on your favorite celebrities and get closer to them only here in The Diva Today

Contact us: sales[at]thedivatoday.com