Listing on NASDAQ Global Board is Confirmed, WIMI Hologram Cloud Initated the First Share of IPO of AR Hologram in the United States

Hongkong, Jul 7, 2019 — According to media report, WIMI Hologram Cloud’s listing that was repeatedly reported but refused to be acknowledged is finally confirmed. WIMI Hologram Cloud puts itself on overseas market for listing. The news that WIMI Hologram Cloud will list the IPO in July has finally progressed again.

From the above data of WIMI Hologram Cloud, it is not difficult to find that the business growth of the entire WIMI Hologram Cloud is in a benign development trend. From 2017 to 2019, its financial revenue in these three years continued to increase. The amount of revenue that this market feeds back is increasing, and the market is expanding. WIMI Hologram Cloud is dedicated to enriching the holographic content combination of WIMI Hologram Cloud, and providing high-quality holographic experience for the customers and end users of WIMI Hologram Cloud. WIMI Hologram Cloud plans to continuously expand the holographic content library through various ways.

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. In the first quarter of 2019, the net profit increased by 68%, 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.

According to the prospectus, the net profit of WIMI Hologram Cloud increased from 73.33 billion yuan in 2017 to 89.21 billion yuan in 2018. The total revenue increased from 492,262,626 yuan in the first quarter of 2018 to 78.492,282 yuan in the first quarter of 2019, with an increase of 29,265,656 yuan, and the growing rate of 59.5%. The net profit increased from 22,226,934 yuan for the three months ended March 31, 2018 to 37,493,792 yuan for the three month ended March 31, 2019, with an increase of 15,266,858 yuan and the growing rate of 68.7%. The total revenue of WIMI Hologram Cloud increased from 192,029,524 yuan in 2017 to 225,271,564 yuan in 2018.

According to the reports of Unicorns Had Known Earlier, WIMI Hologram Cloud integrates the identity of holographic AI cloud software developers, service providers and operators, and has become one of the largest integrated platform in the holographic AI field in the country. if there is no chip, it is difficult to combine with the algorithm. In this process, the boundary is blurred. With the continuous evolution of technology, the constant deepening of the scene raises more needs. At this stage, an important scene will be selected for the Internet of Things to better combine computing power with application services.

 (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.

although WIMI Hologram Cloud focuses on the organic business growth, WIMI Hologram Cloud can evaluate and selectively seek strategic alliance, investment and acquisition opportunities to complement and expand the existing business and operation of WIMI Hologram Cloud, just as what it did in China in the past. WIMI Hologram Cloud will continue to selectively acquire the supplementary services to expand the production capacity of holographic content of WIMI Hologram Cloud. The potential acquisition targets should also target companies with strong software engineering and middleware development capabilities as well as leading proprietary holographic technologies.

Based on the image detection and recognition technology, template matching detection technology, video processing and recognition technology, holographic 3D layer replacement technology in imaging recognition, the dynamic fusion processing technology in imaging tracking, WIMI Hologram Cloud has embedded holographic AR advertising in the online video. WIMI Hologram Cloud expects to apply these technologies into its future strategic blueprint, such as the development and application of holographic 3D face recognition technology and holographic face modification technology.

In recent years, the application market for the face recognition industry has continued to expand. For better accuracy and quality, the face recognition application presents a trend of transition from two-dimensional technology to three-dimensional technology. The reason for this trend is that 2D face 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 face recognition technology. WIMI Hologram Cloud plans to providing 3D face 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 face 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.

Due to the changes in the bandwidth of 5G communication networks, high-end holographic applications are increasingly being applied to social media, communications, navigation, home applications and other application scenarios. WIMI Hologram Cloud plans to provide the holographic cloud platform services based on two core technologies: holographic artificial intelligence face recognition technology and holographic artificial intelligence face modification technology through the 5G communication network.

WIMI Hologram Cloud focuses on computer vision holographic cloud services. It is one of the integrated entities of holographic cloud industry with the largest scale, the most complete industry chain and the best performance, aiming at becoming a holographic cloud platform with the most potential and most international influence.

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.

WIMI Hologram Cloud has made major breakthroughs and leap-frog development in the field of holographic applications such as advertising, entertainment, education and 5G communication. Aiming at the in-depth R&D and market application of al links of holographic 3D computer vision, including vision collection, AI synthesis, transmission, presentation and application, it is committed to establishing a scalable and open service platform, building a bridge between the application of holographic technology and the presentation of holographic computer vision, realizing the presentation of the application of holographic computer vision in different scenarios and promoting the leap-forward development of the industry, in order to realize the vision of WIMI Hologram Cloud, “to become the creator of China’s holographic ecology”.

WIMI Hologram Cloud’s advantages in the AR holographic industry are mainly reflected in: holographic 3D computer vision technology. The acquisition of holographic computer vision data is a highly simulated stereoscopic 3D computer vision formed by complex image information acquisition with dozens of cameras and the computer synthesis technology. The presentation of holographic computer vision allows people to see the image fused by 3D computer vision holographic vision and the real world through a fixed-terminal and mobile-terminal projection device. It is a way to realize the augmented reality. Holographic compute vision and augmented reality-related technologies have broad prospects for application, and their application scenarios include but are not limited to holographic cinemas, holographic theaters, holographic education, holographic advertising, holographic entertainment, holographic exhibition, holographic new retail, holographic high-end home applications, holographic on-board equipment, holographic social intercourse, holographic communications, etc.

WIMI Hologram Cloud has almost occupied the leading position in the holographic industry: WIMI Hologram Cloud has become China’s largest holographic comprehensive solution provider, and the number of its holographic computer vision copyright, holographic technology-related patents and software copyright all ranks the first in the industry. With capabilities ranging from the production of computer vision, construction of service platform to the cloud software development and technical support and many other links, it has more comprehensive one-stop service capabilities than other companies in the same industry.

WIMI Hologram Cloud’s strong and industry-leading technical strength: WIMI holographic computer vision AI synthesis: image information acquisition precision is about 10 times higher than the industry level, and its computer holographic vision AI synthesis processing ability is about 80% better than the industry average level.

WIMI Hologram Cloud’s cloud software development: integrates multiple business and holographic technology functional modules to provide customers with one-stop solutions. WIMI Hologram Cloud’s business covers the AR holographic vision service, AR holographic advertising online / offline distribution, AR holographic scene comprehensive service and other AR holographic services. Relying on the talent advantage, it continues to give play to the technical level and the advantage of precipitation platform. After rapid development and precipitation in recent years, the company has accumulated experience in AR holographic applications in different industries and has developed a wealth of customer resources.

WIMI Hologram Cloud’s technical platform is established on a highly expandable and flexible cloud-based basic framework that allows WIMI Hologram Cloud to store and utilize a large amount of real-time data collected from WIMI Hologram Cloud’s products and the third party, and ensure the high-speed performance in accommodating more business partners. WIMI Hologram Cloud uses complex data for excavation and uses users’ behavior for data analysis to create interest profiles for end users based on user behavior. WIMI Hologram Cloud collected user data from approximately 350 million reliable end-user groups through its holographic AR advertising service, and analyzed the data to obtain more than 2000 user tags.

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.

With the rapid development of the company’s scale, WIMI Hologram Cloud needs to supplement the research and development strength, and high-quality IP and the introduction of scientific and technological innovation talents have become factors for further development and growth. The company urgently needs to increase the investment in R&D and the reserve of IP resources to enhance the company’s core competitiveness and seize the favorable opportunity of rapid market development, bringing the development of the company to a new level. In Citi’s view, holographic technology will eventually lead to a decline in human demand for physical matter, and the future will be the digital paradise era where everything is possible.

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