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

More News From Morning Dispatcher

The Latest: Turkish media hail Syria cease-fire as victory

Oct 19, 2019

ANKARA, Turkey — The latest on Turkey's invasion of northern Syria (all times local): 11:20 a.m. Turkey's pro-government dominated media is hailing the U.S.-Turkish cease-fire deal in northeast Syria as a victory for Turkey's president. After hours of negotiations between Recep Tayyip Erdogan and U.S. Vice President Mike Pence, the two nations agreed to a five-day cease-fire in Turkey's weeklong offensive against Kurdish fighters in northern Syria. The agreement requires the Kurdish fighters to vacate a swath of territory inside Syria along the Turkish border. That arrangement would largely solidify the position Turkey has gained after ten days of fighting....

UN: Afghan insurgents responsible for most 2019 casualties

Oct 19, 2019

KABUL, Afghanistan — Afghan civilians are dying in record numbers in the country's increasingly brutal war, noting that more civilians died in July than in any previous one-month period since the U.N. began keeping statistics, according to a U.N. report released Thursday. The report also said that for the first time this year insurgents were responsible for more casualties than U.S. and pro-government forces. Tadamichi Yamamoto, the U.N. secretary-general's special representative for Afghanistan, said neither side is doing enough to protect civilians. The report said 2,563 civilians were killed and 5,676 were wounded in the first nine months of this...

The Latest: Pence, Pompeo arrive in Turkey to meet Erdogan

Oct 19, 2019

ANKARA, Turkey — The Latest on a U.S. delegation's trip to Turkey (all times local): 1:20 p.m. Vice President Mike Pence and Secretary of State Mike Pompeo (pahm-PAY'-oh) have arrived in Turkey to mount an improbable push for a cease-fire in Syria. Their visit to Ankara on Thursday to meet with Turkish President Recep Tayyip Erdogan (REH'-jehp TY'-ihp UR'-doh-wahn) comes a day after President Donald Trump suggested the U.S. has no stake in defending Kurdish fighters once allied against the Islamic State group. The high-level U.S. delegation is to warn Erdogan that Washington will escalate economic sanctions if his assault...

The Latest: US envoy urges Turkey to stop Syria offensive

Oct 19, 2019

AKCAKALE, Turkey — The latest on Turkey's invasion of northern Syria (all times local): 12:45 a.m. The U.S. ambassador to the United Nations is urging Turkey to halt its offensive in northeastern Syria "and declare a cease-fire immediately." Kelly Craft said Wednesday that a delegation led by Vice President Mike Pence is heading to Turkey "to press for an immediate cease-fire and the conditions for a negotiated settlement." She told reporters after a closed Security Council meeting on Turkey's military action that the offensive is undermining the campaign to defeat the Islamic State extremist group, endangering civilians and threatening regional...

Sri Lanka presidential hopeful says won't honor deal with UN

Oct 19, 2019

COLOMBO, Sri Lanka — A former Sri Lankan defense chief who is a front-runner in next month's presidential election said Tuesday that if he wins, he won't recognize an agreement the government made with the U.N. human rights council to investigate alleged war crimes during the nation's civil war. If Gotabaya Rajapaksa wins the Nov. 16 election and follows through with his comments, it would be a severe setback to Sri Lanka's post-war reconciliation process. "We will always work with the United Nations, but I can't recognize what they have signed" with past Sri Lankan governments, Rajapaksa said at a...

About Us

Get all the up-to-date breaking news about politics, business, entertainment, sports, lifestyles, weather, traffic, and local news in a seamless digital environment only in Morning Dispatcher.

Contact us: sales[at]morningdispatcher.com

Subscribe Now!

Quick Links

HomePress