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 sports.morningdispatcher.com

Turkey's Erdogan witness in footballer Mesut Ozil's wedding

Jul 15, 2019

ISTANBUL — Turkey President Recep Tayyip Erdogan was in the wedding party as Arsenal midfielder Mesut Ozil tied the knot on Friday. State-run Anadolu news agency said Erdogan and his wife, Emine, were legal witnesses for Ozil, who married model, actress and former Miss Turkey Amine Gulse in Istanbul. Secular Turkish weddings require a witness each for the bride and groom. Ozil, a German player of Turkish descent, quit Germany's soccer team last year after he was criticized for posing for a photograph with Erdogan before the World Cup. In his international retirement announcement, Ozil accused the German football federation,...

Pant helps Delhi eliminate Hyderabad from IPL

Jul 15, 2019

VISAKHAPATNAM, India — Rishabh Pant hit a blistering 49 off 21 balls as Delhi Capitals notched a thrilling two-wicket victory against Sunrisers Hyderabad in the Indian Premier League Eliminator on Wednesday. Pant smashed five sixes and two fours in Delhi's first IPL play-off in six years which carried them to 165-8 when Keemo Paul struck a winning boundary on the penultimate ball of their run-chase. Hyderabad had earlier scored 162-8 despite their two key players — Englishman Jonny Bairstow and Australian David Warner — being back with their respective national teams for World Cup preparations. "If you try to stop...

Czech international Sural killed in auto crash in Turkey

Jul 15, 2019

ANKARA, Turkey — Czech Republic international Josef Sural was killed and six other Alanyaspor players were injured on Monday when their van crashed on the way home from a Turkish league soccer match. The 28-year-old Sural died in the hospital during emergency surgery, Alanyaspor president Hasan Cavusoglu told NTV television by telephone. The six other players were reported to be in stable condition. Cavusoglu said Sural and his six teammates hired a private luxury van to return from a game at Kayserispor in central Turkey. The crash occurred near the entrance to the town of Alanya, on Turkey's Mediterranean coast....

Shadab Khan ruled out of series against England with illness

Jul 15, 2019

ISLAMABAD — Pakistan leg spinner Shadab Khan was ruled out of next month's one Twenty20 and five-match one-day international series against England due to illness on Sunday. Leg spinner Yasir Shah, who has taken 23 wickets in 24 ODIs, will replace Shadab for the series, which begins May 5 with the only Twenty20 game at Cardiff on May 5. The ODI series starts May 8. "The tests revealed a virus that will require treatment and rest for, at least, four week," the Pakistan Cricket Board said in a statement on Shadab. The PCB didn't reveal the exact nature of Shadab's...

Widows, ace guide to climb Everest to honor Sherpas

Jul 15, 2019

KATHMANDU, Nepal — Five years after one of the deadliest disasters on Mount Everest, three people from Nepal's ethnic Sherpa community are preparing an ascent to raise awareness about the Nepalese mountain guides who make it possible for hundreds of foreign climbers to scale the mountain and survive. Kami Rita, a renowned climber who lived through the 2014 ice avalanche on Everest's western shoulder that killed 16 fellow Sherpa guides, aims to break his own record by reaching the mountaintop a 23rd time this spring. Furdiki Sherpa, who lost her husband in a mountaineering accident, and Nima Doma, whose husband...

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