WIMI Listed IPO at NASDAQ under the Background Of Annual AI Financing Exceeded 20 Billion Yuan
Hongkong, Jul 10, 2019 — China has entered the AI visual era. In 2018, AI vision company has accumulated more than 20 billion yuan in financing in 2018. As the first share of holographic AI vision, WIMI listed IPO at NASDAQ in the United States, which will ignite the listing enthusiasm of AI vision companies. SenseTime, MEGVII, CLOUDWALK, YITu, Mobiebook and other companies has the estimated value of more than 10 billion
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.
The income of WIMI mainly comes from holographic advertising and holographic entertainment. The probability of WIMI 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’s holographic AR advertising software allows users to insert real or animated 3D objects into the video and then seamlessly integrate them into the video. WiMi Hologram Cloud’s online holographic AR advertising solution embed the holographic AR advertisements into films and programs hosted by China’s leading online video media platforms. As of the year ended December 31, 2018, the holographic AR advertisements made using WiMi Hologram Cloud’s software have received about 6.6 billion views, while the number of views in the year ended December 31, 2017 was approximately 4.9 billion person-times. In the year of 2018, WiMi Hologram Cloud had 121 customers, and in 2017, WIMI had 97 customers. In 2017, the average revenue per customer was 1.4 million yuan, and in 2018, the average income per customer was about 1.5 million yuan. The average revenue per customer is calculated by dividing the total revenue of AR advertising by the number of customers. Due to the advancement in technologies, WiMi Hologram Cloud can embed more content in advertising, thus promoting an increase in average income.
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.
It is believed in the industry that holographic image communication utilizes the high-rate characteristics of 5G networks to transmit large amounts of 3D video signals, which can present a more realistic world for users, and it has a qualitative leap in interactivity and may become a subversive technology of Internet socialization. At present, Samsung, Facebook, Apple, Google, Huawei and other technology giants are involved in the R&D of technologies in this field, showing the broad prospects of the technology application. At present, the number of companies engaged in the holographic projection field in China has also greatly improved. According to statistics, there have been up to a thousand holographic projection companies, and the market capacity has also risen to 10 billion.
At present, the relatively mature applications of holographic AI include entertainment and advertising industry. As people’s understanding and acceptance of this technology increase, holographic AI advertisement will be adopted by more brand owners, and holographic AI shopping will gradually become popular in e-commerce platform. In addition, as holographic AI technology matures, more applications will be developed to expand the value of this technology. As the first share of holographic AI vision, WiMi Hologram Cloud listed IPO at NASDAQ, which will ignite the listing enthusiasm of AI vision companies.
Source: U.S. SEC – FORM F-1, WiMi Hologram Cloud Inc., Securities and Exchange Commission (SEC), June 27, 2019.
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