WiMi Hologram Cloud, One of China’s Largest 5G Holographic AI Vision, Publicly Submitted IPO Application to NASDAQ

Hongkong, Jul 12, 2019 - (Asia Presswire) - In the process of implementing the holographic calls, 5G transmission technology will play a crucial role. It is precisely because 5G has high bandwidth, low latency, high reliability and other excellent features that we have the confidence to image the practical feasibility of holographic calls. As one of China’s largest 5G holographic AI vision, WiMi Hologram Cloud publicly submitted IPO application to NASD in the United States, making people full of longing for the future visual world.

 

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.

As an emerging market, the global holographic AR market has tremendous growth potential and has attracted a large amount of investment since 2016, making a great contribution to the growth of the industry. Several organizations including the R&D labs are investing heavily in this technology to develop solutions for enterprises and consumer groups. Over the years, the mobile augmented reality market has been widely applied in applications such as games, media and marketing. Its range of applications in different industries, including advertising, entertainment, education and retail, is expected to drive demand during the forecast period.

 

The income of WiMi Hologram Cloud mainly comes from holographic advertising and holographic entertainment. The probability of WiMi Hologram Cloud is outstanding, and the net profit has increased from 7.333 million yuan in 2017 to 8.921 million yuan in 2018. the net profit has increased from 2.222 million yuan in the first quarter of 2018 to 3.749 million yuan in the first quarter of 2019, with an increase of 1.526 million yuan and the growing rate of 68.7%. The total revenue of WiMi Hologram Cloud has increased from 4.922 million yuan in the first quarter of 2018 to 7.849 million yuan in the first quarter of 2019, with an increase of 2.926 million yuan and the growing rate of 59.5%. WiMi Hologram Cloud’s total revenue was 225 million yuan in 2018. (Source: U.S. SEC - FORM F-1, WiMi Hologram Cloud Inc., Securities and Exchange Commission (SEC), June 27, 2019.)

 

WiMi Hologram Cloud has a wide range of customers. As of December 31, 2017 and December 31, 2018, WiMi Hologram Cloud had 390 and 485 customers respectively. At present, WiMi Hologram Cloud’s customers mainly include advertisers, distribution channels, application developers and entertainment companies. WiMi Hologram Cloud’s customer base covers a wide range of industries including manufacturing, real estate, entertainment, technology, media and telecommunications, tourism, education and retail.

 

WiMi Hologram 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 continuously invest a lot of resources to strengthen the capability to develop holographic AR contents. WiMi Hologram Cloud is dedicated to enriching the holographic content portfolio and providing high-quality holographic experience. WiMi Hologram Cloud plans to continue to expand the holographic content library through various channels.

 

* 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 digitalpressnetwork.com

Chicago's top cop retiring after turbulent 3-plus years

Nov 23, 2019

CHICAGO — Chicago Police Superintendent Eddie Johnson announced Thursday that he's retiring after more than three years as the city's top cop, a post he took over during one of the most violent chapters in the city's history and amid public outcry over the release of a video showing an officer shooting a black teen 16 times. During a news conference in which Johnson announced his retirement, Mayor Lori Lightfoot said he'd agreed to serve through the end of the year. A successor hasn't yet been named. "These stars can sometimes feel like you're carrying the weight of the world,"...

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

Nov 23, 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...

The Latest: Malaysia to free Cambodian opposition activists

Nov 23, 2019

KUALA LUMPUR, Malaysia — The Latest on the attempted return of opposition politicians to Cambodia (all times local): 6:15 p.m. A Malaysian rights commissioner says the government will release senior Cambodian opposition official Mu Sochua and two other activists. Human Rights Commission member Jerald Joseph says authorities are preparing the papers and will allow Mu Sochua and two youth activists from her outlawed Cambodia National Rescue Party to remain in the country. He didn't give further details. Mu Sochua was detained Wednesday night and the other two on Monday. The release was surprising because Prime Minister Mahathir Mohamad earlier said...

International court sentences Congo warlord to 30 years

Nov 23, 2019

THE HAGUE, Netherlands — The International Criminal Court sentenced a Congolese warlord known as "The Terminator" to 30 years imprisonment Thursday after he was convicted of crimes including murder, rape and sexual slavery. The sentence was the highest ever passed by the global court. Bosco Ntaganda was found guilty in July of 18 counts of war crimes and crimes against humanity for his role as a military commander in atrocities in a bloody ethnic conflict in a mineral-rich region of Congo in 2002-2003. Ntaganda showed no emotion as Presiding Judge Robert Fremr passed sentences ranging from eight years to 30...

Mexico farm town prepares funerals after 9 Americans slain

Nov 23, 2019

LA MORA, Mexico — Under a strong security presence, this remote farming community prepared to hold the first funerals Thursday for some of the nine American women and children killed by drug cartel gunmen. Dozens of high-riding pickups and SUVS, many with U.S. license plates from as far away as North Dakota, bumped across dirt and rock roads over desert, arid grasslands and pine-covered mountains Wednesday as night fell on this community of about 300 people. Many of the residents are dual U.S. and Mexican citizens who consider themselves Mormon but are not affiliated with The Church of Jesus Christ...

Weather, 20 December
Houston Weather
+7

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather
+27

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather
+6

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather
+9

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather
+7

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH