| Followers | 2 |
| Posts | 1540 |
| Boards Moderated | 0 |
| Alias Born | 05/06/2017 |
Tuesday, July 21, 2020 5:48:36 PM
WiMi - Understand the technology, structure and vision for the future.
Company Presentation
http://ir.wimiar.com/Upload/2020-07-13/5f0bba943d090.pdf
SEC report
https://www.sec.gov/Archives/edgar/data/1770088/000121390020010458/f20f2019_wimihologram.htm
Profile
WiMi Hologram Cloud Inc. (WIMI)
source
https://finance.yahoo.com/quote/WIMI/profile?p=WIMI
WiMi Hologram Cloud Inc.
No. 6, Xiaozhuang, #101A
Chaoyang District
Beijing 100020
China
86 10 5338 4913
http://en.wimiar.com
Sector(s): Communication Services
Industry: Advertising Agencies
Full Time Employees: 147
Key Executives
Name Title Year Born
Mr. Jie Zhao Founder & Chairman 1976
Mr. Fanhua Meng CEO, GM & Director 1975
Mr. Yanghua Yang Chief Financial Officer 1988
Mr. Shuo Shi Chief Operating Officer 1982
Mr. Chengwei Yi CTO & Director 1976
Description
WiMi Hologram Cloud Inc. provides augmented reality (AR) based holographic services and products in China. It operates in two segments, Augmented Reality, and AR Entertainment. The company primarily offers holographic AR advertising services and holographic AR entertainment products. Its holographic AR advertising software enables users to insert into video footages real or animated three dimensional objects; and online holographic AR advertising solution embeds holographic AR ads into films. The company's holographic AR entertainment products consist primarily of payment middleware software, game distribution platform, and holographic mixed reality software. WiMi Hologram Cloud Inc. was founded in 2015 and is headquartered in Beijing, the People's Republic of China.
----------------------------------------------------------------------
source
https://www.crunchbase.com/organization/wimi-hologram-cloud#section-overview
Industries
Augmented Reality / Cloud Infrastructure / Computer Vision
Human Computer Interaction / Information Technology / Software
Headquarters Regions Asia-Pacific (APAC)
Founded Date 2015
Operating Status Active
Funding Status IPO
Number of Employees 101-250
Also Known As ????, ????
Legal Name WiMi Hologram Cloud Inc.
IPO Status Public
Stock Symbol NASDAQ:WIMI
Website
en.wimiar.com
Contact Email info@wimiar.com
Phone Number 86-10-5338-4913
IPO & Stock Price
WiMi Hologram Cloud is registered under the ticker NASDAQ:WIMI.
Their stock opened with $5.50 in its Mar 31, 2020 IPO.
Money Raised at IPO $26M
IPO Share Price $5.50
IPO Date Mar 31, 2020
---------------------------------------------------------------------
WiMi IPO:
source
https://investmentu.com/wimi-ipo-chinese-holographic-company-goes-public/
The Business
WiMi Hologram Cloud (Nasdaq: WIMI) is a Chinese tech company founded in 2015. It offers augmented reality (AR)-based holographic services and products. Currently, the company has advertising services and entertainment products. It aims to provide “an innovative, immersive and interactive holographic augmented reality experience for [its] customers.”
Platforms such as Google and Apple now have tools that make access to AR content easier. According to Frost and Sullivan, in 2025 advertising and entertainment markets will be worth $20.3 billion and $25.4 billion, respectively.
With those numbers, the WiMi IPO might look like a good investment opportunity.
WiMi IPO: The Details
WiMi first filed with the SEC in June 2019. But it wasn’t until April 1, 2020 the company went public. Few companies dared to go through the IPO process during the coronavirus pandemic. However, the WiMi IPO appears to have been a success.
On April 1, WiMi raised $26 million. The company offered 4.8 million American Depository Shares (ADS). Each ADS represents two Class B ordinary shares. WiMi sold them at $5.50 per share. That’s the low end of its original range of $5.50 to $7.50. The offering valued WiMi at $325 million.
The company gave underwriters a 30-day option to buy 750,000 more ADS.
Services and Revenues
As mentioned above, WiMi has two main services, advertisement and entertainment. In the first six months ending June 30, 2019, about 82.7% of revenue came from AR advertising services. The remaining 17.3% came from holographic AR entertainment products.
The numbers listed by WiMi for the 2019 financial year are unaudited. However, the sales and growth are impressive. For the year ended December 2019, sales totaled $45.6 million. That’s a 41.1% increase from 2018, which was $32.2 million.
In 2019, advertising sales increased about 47%. Revenue in 2018 was $26.2 million. Revenue in 2019 was $38.3 million. WiMi claims the increased revenue was from new customers. In 2018, WiMi had 121 customers. That number went up to 153 in 2019.Also, the average revenue per customer increased. The company believes this is due to its improved technology.
WiMi’s entertainment revenue also saw an increase. For the year ended December 31. 2019, net income was about $7.4 million. That’s an increase of 17% from the 2018 income of $6.3 million.
WiMi isn’t an investment unicorn. However, its year-over-year growth should be noted by investors interested in the WiMi IPO.
The Largest Content Library in China
The company also has a large content library. It consists of holographic AR content. It ranges from 3D models to holographic short videos. As of June 30, 2019, WiMi owned 4,654 pieces of content. That includes:
2,961 for education
851 for tourism
739 for arts and entertainment
103 for popular science
In addition to its own content, WiMi also works with third parties for copyrighted content. The company works with various brands, film producers and talent agencies for content.
Strengths, Challenges and Strategies
On WiMi’s filing, the company lists four strengths. WiMi believes these strengths position them as a leader in the AR market.
Leading Holographic AR Application Platform
Market Potential
Cutting-Edge Technology and High-Quality User Experience
Experienced Management
But despite WiMi’s success in the industry, the company faces challenges. As technology improves, WiMi needs to keep up. Here are some challenges the company lists:
Operating in new and rapidly evolving market
Competing effectively
Sustain and manage growth
Keep up with industry trends
Develop and market new products and services
Obtain enough capital
And finally, WiMi lets investors know it’s developed strategies to achieve its goals. Some of those strategies includes:
Marketing to broader market
Invest in technology and innovation
Explore acquisition or investment opportunities
The WiMi IPO was a long process. As a young company, WiMi needed to make sure it was positioned to successfully go public. The SEC filing can be found here.
https://www.sec.gov/Archives/edgar/data/1770088/000104746920001657/a2240402zf-1a.htm
When Did WiMi IPO?
The WiMi IPO launched on April 1, 2020. Stock is trading on Nasdaq under the ticker symbol WIMI.
WiMi’s technology is ahead of the game. It’s the leader of an industry analysts think will be worth billions in the future. So the WiMi IPO could be a good way to invest in the holographic market.
--------------------------------------------------------------------
WIMI Hologram Cloud's IPO on NASDAQ, Heralding the Robust Growth in China's AR + AI market.
source
https://finance.yahoo.com/news/wimi-hologram-clouds-ipo-nasdaq-124000213.html
NEW YORK, NY / ACCESSWIRE / April 2, 2020 / WIMI Hologram Cloud (WIMI), a China's holographic AR software company, starts its IPO on the NASDAQ global market under the symbol WIMI. The company is going to raise $26 million by offering 4.8 million ADSs at $5.50, the low end of the range of $5.50 to $7.50, to command a market value of $325 million. The Benchmark Company, Valuable Capital, Maxim Group LLC, China Merchants Securities, AMTD Global Markets and BOCI Asia acted as lead managers on the deal.
China has a large number of Internet users and mobile Internet users. With the introduction of the underlying tool platform by system vendors such as Apple and Google, it is much more convenient for developers to create and apply diverse AR contents, enabling AR technology to quickly reach a large number of users. In addition, stores offering AR experiences are penetrating rapidly into shopping malls in China, which have enabled consumers to enjoy the AR experience at a low cost and promoted consumers' acceptance of AR.
Currently, advertisement is the biggest vertical of AR. According to Frost & Sullivan, the market size was estimated at RMB1.5 billion in 2016, and is expected to be at RMB7.8 billion by 2020, with a compound annual growth rate ("CAGR") of 71.6%, much higher than the growth of total online advertising market, which has a CAGR of 32.4% from 2014 to 2018. As AR technology keeps evolving to satisfy the advertisers' growing need, AR is expected to be largely used in advertisement. According to Frost & Sullivan, in 2025, the market will be valued at RMB143.9 billion with a CAGR of 79.1%, indicating a larger market share in total online advertising market in the next five years. Entertainment, including gaming and video, takes a huge share of AR sector as well, and it is expected to have a higher growth rate. In 2016 the market size was estimated at RMB0.6 billion and is expected to be at RMB6.8 billion by 2020, with a CAGR of 83.5%. Driven by the availability of AR SDK, improvement in smart phone performance, prospect of gaming industry, AR entertainment is expected to have a promising future, with a market size of RMB180 billion by 2025, indicating a CAGR of 92.6%, and surpassing advertisement to be the biggest application scenario of AR.
There are 4 key drivers in the China holographic AR industry:
1. Ultimate goal for visual display medium;
2. Advancement in technology;
3. Diversifying customer base and expanding application field; and
4. Government and policy support.
WIMI's Strategies
The company seeks to build WIMI's AR ecosystem through collaboration with partners and customers. The company intends to pursue the following strategies:
1. Bring holographic AR experience to broader mass market;
2. Continue to invest in technology and innovations;
3. Strengthen WIMI's AR content development capabilities and enrich WIMI's content library;
4. Explore acquisition or investment opportunities.
CONTACT:
Name: Tim Wong
Email: pr@wimiar.com
Tele: +86 10 89913328
------------------------------------------------------------------------
WiMi Hologram: A Market That Grows At A CAGR Of 90.2%
source
https://seekingalpha.com/article/4358840-wimi-hologram-market-grows-cagr-of-90_2
Summary
WiMi Hologram Cloud Inc. provides AR-based holographic services including AR advertising and AR entertainment.
WiMi Hologram Cloud Inc. could become a massive company in the next 25 years if it grows at 90.2% y/y or something close.
Interestingly, the company not only offers massive revenue growth, but also positive income margin. In 2019, the income margin was equal to 32%, which is large.
If investors carefully research the company’s business model and the market, investments in AR technology will increase. Consequently, I would expect the company’s valuation to grow.
WiMi Hologram Cloud may be a bit speculative. But, we need some risk to make some money.
WiMi Hologram Cloud (WIMI) appears to be targeting a market that grows at a CAGR of more than 90% from now to 2025. The company is also growing at double digit and reports double digit income growth. The gross profit margin is larger than that of other competitors. Hence, I would expect the company's sales to be a bit larger than that of other players. The company may seem to be a bit speculative because the technology appears new and revolutionary. However, I do believe that many investors will be interested in holding shares for the next few years.
Impressive Technology And A Large Target Market
WiMi Hologram Cloud Inc. provides AR-based holographic services including AR advertising and AR entertainment. In 2019, 83.8% and 16.2% of the company's sales were generated by advertising and entertainment respectively.
I will show later that the company obtains double digit sales growth and double digit income growth. The secret sauce of the company's business model appears to be content production, software engineering, cloud, and big data. The company owns 132 patents, and more than 4600 AR holographic contents:
Source: Investor's Presentation
I studied the company's technology carefully. WiMi Hologram not only offers facial recognition, which may help identify customers. The company can also capture images, which customers can see, for instance, by car. The company's AR advertising technology can offer different advertisements with the information obtained from the image.
In my opinion, the most exciting is the market size and the industry growth. Experts believe that we may see a market size of $65 billion in 2025, and China's market will grow at a CAGR of 90.2%. WiMi Hologram Cloud Inc. could become a massive company in the next 25 years if it grows at 90.2% y/y or something close.
I also checked other marketing consultants. Some of them believe that the augmented reality market in China will grow at a CAGR of approximately 40.4% from 2019 to 2025.
China augmented reality market is estimated to grow significantly at a CAGR of 40.4% during the forecast period. The rising awareness among the end-users and the increasing adoption of AR technology for different applications such as entertainment, automotive, healthcare, telecommunication, infrastructure in public and private sectors are among the major factors that contribute towards the growth of the AR market in China. Source: omrglobal
In any case, many analysts agree that the amount of spending is expected to reach more than $65 billion by 2023. In my opinion, the market opportunity of WiMi Hologram Cloud Inc. will definitely drive the attention of investors.
Source: Chinadaily
http://www.chinadaily.com.cn/a/201906/10/WS5cfdfa7ea310176577230531.html
I took a look at some key driver indicators to understand whether the company's business is growing as fast as the market. In 2019, the number of customers increased by 26%. The number of paid impressions increased by 46% in the same time period. I don't believe that the business is growing at a CAGR of 90.2%. However, the company does report significant business growth.
In my opinion, WiMi Hologram's management team includes individuals with a significant amount of expertise. The founder brings 15 years of expertise in software and mobile internet, and the COO holds 10 years of expertise in the marketing world. In my view, they own know-how accumulated while working in other companies, which will help WiMi Hologram Cloud:
COVID-19
The company noted in a presentation to investors that the COVID-19 crisis has not significantly affected the business model. WiMi Hologram did not report that any customer terminated its contract. I do appreciate the news:
With that, I will remain a bit skeptical because WiMi Hologram Cloud makes a significant amount of money from the advertising industry. Clearly, advertising spending decreased because of the COVID-19 crisis. Thus, if the crisis goes on, I would expect the company to report less sales growth.
Source: Weforum
https://www.weforum.org/agenda/2020/06/coronavirus-advertising-marketing-covid19-pandemic-business/
WiMi Hologram Cloud was actually very smart. In the annual report, the company stated that an outbreak of COVID-19 would drive business results down. I do agree with this case scenario, and invite investors to be cautious.
We expect that our revenues would grow at a slower rate in the first quarter of 2020, as our business, financial condition, and results of operations may be adversely affected by the outbreak of COVID-19. Source: Annual Report
[b]Massive Revenue Growth And Massive Income Margin
The company's sales growth is impressive. In 2018 and 2019, sales growth was larger than 17% and 41% respectively. Interestingly, the company not only offers massive revenue growth, but also positive income margin. In 2019, the income margin was equal to 32%, which is large. The increase in the amount of shares is also not worrying. The share count increased from 100 million in 2017 to 108 million in 2019. WiMi Hologram is at an early stage of development, and most analysts would be expecting a larger level of equity dilution.
Source: Annual Report
https://www.sec.gov/Archives/edgar/data/1770088/000121390020010458/f20f2019_wimihologram.htm#a_036
Interestingly, the company's all business units report massive gross margins. In my opinion, if you are a growth investor and you are not looking right now at augmented reality companies, you are making a mistake. Notice that AR entertainment has a gross margin of 77.9%-91%, and AR advertising has a gross margin of 50.3%-55.1%.
Source: Annual Report
Balance Sheet And Equity Structure
In December 2019, the company's balance sheet looked solid. WiMi Hologram Cloud reported $10 million in cash, total assets of 60 million, asset/liability ratio of 171x, and current assets worth $19 million. Thus, I am not worried that the company is not meeting its financial obligations.
Source: Annual Report
Source: Annual Report
The company's equity structure is not complicated, but investors need to know about it. The company has two types of shares and convertible preferred stock. Some investors don't like the companies with two different share classes. With that, let's mention that some of the largest Chinese companies trading in the US do have two types of shares. Consequently, invertors, who know the Chinese stock space, will not be surprised.
Source: Annual Report
Investment In Subsidiaries
There is a very relevant asset, which investors need to know. The company reported 41 million in investment in subsidiaries. Let's understand the company's subsidiaries. WiMi Hologram Cloud has fifteen subsidiaries and has made a significant amount of acquisitions. Traders will most likely appreciate that the company is active in the M&A markets. It means that the management appears to be prepared to grow inorganically and very rapidly. Financial market usually pushes up the share price of companies growing at a good rate.
I researched each subsidiary and saw that each of them engages in a different activity. Some subsidiaries offer Hologram advertising services, SDK payment channel services, mobile games development, AR advertising services, and MR software development. I don't think that any investor will claim that the company's activities are not diversified.
Source: 10-k
Source: 10-k
Risks
WiMi Hologram Cloud operates a "speculative" business model. It was clearly stated in the annual report. Speculative businesses offer massive stock returns when they end up well. However, many times, they don't offer such significant financial gains. Investors need to understand well that the company's innovations may not be appreciated by customers. If sales growth declines, the company's valuation will most likely decline as well:
We have made and will continue to make significant investments in research, development, and marketing for existing products, services, and technologies, including holographic AR advertising solutions, mobile payment middleware, integrated holographic AR software and other AR-based holographic offerings, as well as new technology or new applications of existing technology. Investments in new technology are speculative. If customers do not perceive our latest offerings as providing significant new functionality or other value, they may reduce their purchases of our services or products, unfavorably affecting our revenue and profits. Source: 10-k
WiMi Hologram Cloud commenced operating in 2015, less than six years ago. In the past. The company's sales growth was very significant. However, past stock returns may not be repeated in the future:
Our business was launched in 2015 and we have a limited operating history. Although we have experienced significant growth since our business was launched, our historical growth rate may not be indicative of our future performance. We may not be able to achieve similar results or grow at the same rate as we had in the past. Source: 10-k
Minority shareholders will most likely suffer from equity dilution. The company will need additional funds to operate and develop its AR technology. Consequently, minority shareholders will most likely suffer from equity dilution, which usually leads to share price declines:
If we raise additional funds through future issuances of equity or convertible debt securities, our existing shareholders could suffer significant dilution, and any new equity securities we issue could have rights, preferences and privileges superior to those of holders of our ordinary shares. Source: 10-k
The company operates with third-party advertising agencies and other entities, which makes WiMi Hologram, as per my opinion, a bit vulnerable. If these partners decide to raise their prices or pay less for the company's content, WiMi Hologram Cloud could report less gross profit margin. A decrease in the company's profitability will lead to a share price decline.
We offer holographic AR advertising solutions primarily through contracts entered into with advertisers or third-party advertising agencies and middleware services primarily through contracts entered into with app developers and content providers. Our ability to retain existing customers or attract new customers depends on many factors, some of which are out of our control Source: 10-k
Controlled Entity Like Other Chinese Companies
Many Chinese companies are controlled by the CEO or a few directors. As a result, most of these companies are controlled entities. WiMi Hologram Cloud is not an exception. The CEO controls more than 82% of the total voting power:
Source: 10-k
Don't get me wrong. Controlled entities are not perfect for minority investors. However, me and many other investors in Chinese companies will not care. If you are willing to invest in China and you want a non-controlled entity, you are not going to buy a lot of shares. Having said that, I need to mention that minority shareholders may not be able to protect their interests that well:
As a result of all of the above, our public shareholders may have more difficulty in protecting their interests in the face of actions taken by management, members of the board of directors or controlling shareholders than they would as public shareholders of a company incorporated in the United States. Source: 10-k
Valuation
WiMi Hologram Cloud has a share count of 108 million. If we assume a share price of $21-$27, the market capitalization equals $2.26-$2.9 billion. In 2019, sales were equal to $45 million, and revenue growth was equal to 41%. If we assume the same sales growth for the next two years, in 2021, WiMi Hologram Cloud will have sales of approximately $89 million. Therefore, WiMi Hologram Cloud currently trades at more than 25x 2021 sales. I don't think that it is a cheap valuation. However, the valuation could go even higher. Notice that we are in a new industry, where margins are large, and the amount of competitors is not significant. Other industries, like the cannabis or the internet industry, traded at 40x, 60x and even 70x sales when they started.
If we look at other AR stocks, they trade at 19x, 21x, 24x, and 9x. Hence, WiMi Hologram does not look that expensive at 25x 2021 sales. In my opinion, if investors like the industry and companies receive a lot of financing, the EV/Sales ratio could increase. In my experience, given the income margins obtained, investors will be interested in this sector.
Source: Ycharts
https://ycharts.com/charts/fund_chart_creator/seeking_alpha/#/?calcs=id:price,include:false,,id:ev_revenues,include:true&securities=id:VUZI,include:true,,id:QCOM,include:false,,id:LITE,include:false,,id:IMMR,include:false,,id:AAXN,include:true,,id:MVIS,include:true,,id:NVDA,include:true&securitylistName=&securityGroup=&securitylistSecurityId=&correlations=&startDate=&endDate=&zoom=1&chartView=&title=¬e=&format=real&recessions=false&splitType=single&scaleType=linear&units=false&source=false&liveData=false"eLegend=true&legendOnChart=true&displayTicker=false&partner=seeking_alpha_635&chartType=presentation&useEstimates=false
WiMi has a larger gross profit margin than that of other AR stocks. Thus, it makes a lot of sense that WiMi's EV/Sales is larger than that of other AR stocks.
Source: Ycharts
In fact, the company's sales growth is larger than that of other AR stocks. Other AR stocks report sales growth of 11%-38%. The company's sales growth is equal to 41%. As a result, I believe that the company could trade even at 28x-30x sales, and many analysts would agree.
Source: Ycharts
Conclusion
WiMi Hologram Cloud reports more gross profit margin than competitors. It is also targeting a massive market in China, which grows at double digit year on year. In my view, if investors carefully research the company's business model and the market, investments in AR technology will increase. Consequently, I would expect the company's valuation to grow. There are many risks, and WiMi Hologram Cloud may be a bit speculative. But, we need some risk to make some money.
------------------------------------------------------------------------
source
https://www.gurufocus.com/news/1173195/retransmission-wimi-hologram-ar-focuses-on-led-lighting-products
NEW YORK, NY / ACCESSWIRE / June 22, 2020 / Time has changed. Through years of original research and development, WIMI Hologram Cloud (NASDAQ:WIMI), a world-renowned holographic giant, has created the third-generation 6D optical field holographic technology products with an imitation of over 98%. The user experience can be described as stunning and impressive. The so-called 6D refers to the combination of 3D shooting outward and 3D shooting inward in content production, that is, VR ball multi-lens camera shooting and holographic AR ball shooting inward. The content produced can be used in both VR and AR.
WIMI will ensure that the user experience can reach the highest simulation experience in the world by means of 6D holographic optical field technology revolution, and improve the naked eye visual imitation of virtual digital products to more than 100% real level, so as to give users the most real naked eye simulation effect.
WIMI issued by holographic devices on the market reaction, and its LED products industry, the building of the transparent glass LED is a concentration of microelectronics technology, electronics technology, computer technology, information processing technology as one of the high-tech products, is a kind of technology, similar to the projection screen is actually a carrier, have the effect of a curtain. Compared with the traditional display, it adds more interest to the product display, bringing unprecedented visual experience and brand new experience to users. It enables the audience to see the product information on the screen while seeing the real product, and conduct touch interactive experience on the information.
The LED transparent glass display case released by WIMI is very prominent, realizing the interconnection of network and multimedia technology, and releasing information in the way of multimedia. The transparent display can simultaneously display and release information, and interact with customers in a timely manner. High light transmittance LIQUID crystal display, can see the internal goods through the broadcast program screen, the combination of dynamic product advertising information and static objects such as terminal products, window, strengthens the customer's brand experience and shopping experience. Transparent panel adopts advanced technology and unique liquid crystal molecule plane switching mode, and the Angle of view can reach 80° in all directions. The display applies colorless partial technology, the color range increases greatly, the picture is more delicate and lively, no matter what Angle you can enjoy color saturation, lifelike image. Customers can set the volume according to different periods of time, which is very suitable for the humanized management of high-end hotels, hospitals, communities and other places. Touch function can be added, and unique high-tech hard screen can be used to avoid water ripple when touching the screen, making the picture clearer and more stable, and the image smoother and natural.
Trillion advertising market, micro - beauty holographic has long been targeted at this piece of cake. For brands, thousands of years of unchanged print advertising technology, the same giant posters and photoelectric effect, has been unable to attract customers' attention, hard wide conversion rate is becoming increasingly worrying. In addition, as big data artificial intelligence is everywhere, data capture and analysis of offline advertising cannot meet customers' needs. In the market environment guided by attention economy, reform is necessary.
The holographic cloud advertising platform developed by Weimei Hologram will overturn the communication and effect of the traditional advertising. Customers can directly watch the holographic stereoscopic advertisement and have an immersive feeling. Whether the product itself or the creative effect of the advertisement above will be refreshing, can attract a large number of potential consumers to take the initiative to watch. In addition, the holographic cloud AI-MBT technology is used to track and analyze various data of customers and provide effective data support for advertisers. Current application fields: holographic indoor advertising, holographic outdoor advertising, high-altitude holographic advertising, holographic airport/subway advertising, holographic in-store (outside) display of well-known brands, holographic event advertising display, etc.
VR/AR will become the ecological killer application of 5G: 5G has many innovations such as high speed, large flow, low delay and multi-connection. In the 5G era, the transmission features of high speed and low delay are expected to significantly improve the user experience of VR/AR products. 5G+ cloud rendering greatly improves application display effects, reduces hardware costs, and promotes the popularization of VR/AR. Technological innovation continues to make breakthroughs and promote product upgrading, further clearing the way for the popularization of VR/AR. International giants are accelerating their layout, and the industrial ecology is gradually improving. VR/AR has broad application prospects in technology, video, game and other fields. China occupies an important position in the field of VR/AR in the world.
With the gradual landing of VR/AR applications, THE practicability of VR/AR as a tool has become increasingly prominent, and it shows great application potential in the video, marketing, music and game markets, which is expected to promote revolutionary changes in the next generation of interactive entertainment industry. The commercial use of 5G brings faster network speeds, lower delays and more opportunities across industries, and pushes the valuation of THE AR industry to new heights. In people's expectation, AR is a brand new interactive means, transforming the expression of traditional industries, and all this is just beginning.
Media Contact:
Company: WIMI
Name: Tim Wong
Tele: +86 10 89913328
Email: bjoverseasnews@gmail.com
SOURCE: WIMI
-----------------------------------------------------------------------
I`m a shockholder of the company since 28. May 2020
My personal vision for WiMi Hologram Cloud Inc. (WIMI):
If Wimi's strategy in the semiconductor market for holographic applications and cloud services, as well as AR, AI, VR and KI, generated a hundredth of Apple's sales, a market capitalization of $ 15 billion would be achievable in the future.
Company Presentation
http://ir.wimiar.com/Upload/2020-07-13/5f0bba943d090.pdf
SEC report
https://www.sec.gov/Archives/edgar/data/1770088/000121390020010458/f20f2019_wimihologram.htm
Profile
WiMi Hologram Cloud Inc. (WIMI)
source
https://finance.yahoo.com/quote/WIMI/profile?p=WIMI
WiMi Hologram Cloud Inc.
No. 6, Xiaozhuang, #101A
Chaoyang District
Beijing 100020
China
86 10 5338 4913
http://en.wimiar.com
Sector(s): Communication Services
Industry: Advertising Agencies
Full Time Employees: 147
Key Executives
Name Title Year Born
Mr. Jie Zhao Founder & Chairman 1976
Mr. Fanhua Meng CEO, GM & Director 1975
Mr. Yanghua Yang Chief Financial Officer 1988
Mr. Shuo Shi Chief Operating Officer 1982
Mr. Chengwei Yi CTO & Director 1976
Description
WiMi Hologram Cloud Inc. provides augmented reality (AR) based holographic services and products in China. It operates in two segments, Augmented Reality, and AR Entertainment. The company primarily offers holographic AR advertising services and holographic AR entertainment products. Its holographic AR advertising software enables users to insert into video footages real or animated three dimensional objects; and online holographic AR advertising solution embeds holographic AR ads into films. The company's holographic AR entertainment products consist primarily of payment middleware software, game distribution platform, and holographic mixed reality software. WiMi Hologram Cloud Inc. was founded in 2015 and is headquartered in Beijing, the People's Republic of China.
----------------------------------------------------------------------
source
https://www.crunchbase.com/organization/wimi-hologram-cloud#section-overview
Industries
Augmented Reality / Cloud Infrastructure / Computer Vision
Human Computer Interaction / Information Technology / Software
Headquarters Regions Asia-Pacific (APAC)
Founded Date 2015
Operating Status Active
Funding Status IPO
Number of Employees 101-250
Also Known As ????, ????
Legal Name WiMi Hologram Cloud Inc.
IPO Status Public
Stock Symbol NASDAQ:WIMI
Website
en.wimiar.com
Contact Email info@wimiar.com
Phone Number 86-10-5338-4913
IPO & Stock Price
WiMi Hologram Cloud is registered under the ticker NASDAQ:WIMI.
Their stock opened with $5.50 in its Mar 31, 2020 IPO.
Money Raised at IPO $26M
IPO Share Price $5.50
IPO Date Mar 31, 2020
---------------------------------------------------------------------
WiMi IPO:
source
https://investmentu.com/wimi-ipo-chinese-holographic-company-goes-public/
The Business
WiMi Hologram Cloud (Nasdaq: WIMI) is a Chinese tech company founded in 2015. It offers augmented reality (AR)-based holographic services and products. Currently, the company has advertising services and entertainment products. It aims to provide “an innovative, immersive and interactive holographic augmented reality experience for [its] customers.”
Platforms such as Google and Apple now have tools that make access to AR content easier. According to Frost and Sullivan, in 2025 advertising and entertainment markets will be worth $20.3 billion and $25.4 billion, respectively.
With those numbers, the WiMi IPO might look like a good investment opportunity.
WiMi IPO: The Details
WiMi first filed with the SEC in June 2019. But it wasn’t until April 1, 2020 the company went public. Few companies dared to go through the IPO process during the coronavirus pandemic. However, the WiMi IPO appears to have been a success.
On April 1, WiMi raised $26 million. The company offered 4.8 million American Depository Shares (ADS). Each ADS represents two Class B ordinary shares. WiMi sold them at $5.50 per share. That’s the low end of its original range of $5.50 to $7.50. The offering valued WiMi at $325 million.
The company gave underwriters a 30-day option to buy 750,000 more ADS.
Services and Revenues
As mentioned above, WiMi has two main services, advertisement and entertainment. In the first six months ending June 30, 2019, about 82.7% of revenue came from AR advertising services. The remaining 17.3% came from holographic AR entertainment products.
The numbers listed by WiMi for the 2019 financial year are unaudited. However, the sales and growth are impressive. For the year ended December 2019, sales totaled $45.6 million. That’s a 41.1% increase from 2018, which was $32.2 million.
In 2019, advertising sales increased about 47%. Revenue in 2018 was $26.2 million. Revenue in 2019 was $38.3 million. WiMi claims the increased revenue was from new customers. In 2018, WiMi had 121 customers. That number went up to 153 in 2019.Also, the average revenue per customer increased. The company believes this is due to its improved technology.
WiMi’s entertainment revenue also saw an increase. For the year ended December 31. 2019, net income was about $7.4 million. That’s an increase of 17% from the 2018 income of $6.3 million.
WiMi isn’t an investment unicorn. However, its year-over-year growth should be noted by investors interested in the WiMi IPO.
The Largest Content Library in China
The company also has a large content library. It consists of holographic AR content. It ranges from 3D models to holographic short videos. As of June 30, 2019, WiMi owned 4,654 pieces of content. That includes:
2,961 for education
851 for tourism
739 for arts and entertainment
103 for popular science
In addition to its own content, WiMi also works with third parties for copyrighted content. The company works with various brands, film producers and talent agencies for content.
Strengths, Challenges and Strategies
On WiMi’s filing, the company lists four strengths. WiMi believes these strengths position them as a leader in the AR market.
Leading Holographic AR Application Platform
Market Potential
Cutting-Edge Technology and High-Quality User Experience
Experienced Management
But despite WiMi’s success in the industry, the company faces challenges. As technology improves, WiMi needs to keep up. Here are some challenges the company lists:
Operating in new and rapidly evolving market
Competing effectively
Sustain and manage growth
Keep up with industry trends
Develop and market new products and services
Obtain enough capital
And finally, WiMi lets investors know it’s developed strategies to achieve its goals. Some of those strategies includes:
Marketing to broader market
Invest in technology and innovation
Explore acquisition or investment opportunities
The WiMi IPO was a long process. As a young company, WiMi needed to make sure it was positioned to successfully go public. The SEC filing can be found here.
https://www.sec.gov/Archives/edgar/data/1770088/000104746920001657/a2240402zf-1a.htm
When Did WiMi IPO?
The WiMi IPO launched on April 1, 2020. Stock is trading on Nasdaq under the ticker symbol WIMI.
WiMi’s technology is ahead of the game. It’s the leader of an industry analysts think will be worth billions in the future. So the WiMi IPO could be a good way to invest in the holographic market.
--------------------------------------------------------------------
WIMI Hologram Cloud's IPO on NASDAQ, Heralding the Robust Growth in China's AR + AI market.
source
https://finance.yahoo.com/news/wimi-hologram-clouds-ipo-nasdaq-124000213.html
NEW YORK, NY / ACCESSWIRE / April 2, 2020 / WIMI Hologram Cloud (WIMI), a China's holographic AR software company, starts its IPO on the NASDAQ global market under the symbol WIMI. The company is going to raise $26 million by offering 4.8 million ADSs at $5.50, the low end of the range of $5.50 to $7.50, to command a market value of $325 million. The Benchmark Company, Valuable Capital, Maxim Group LLC, China Merchants Securities, AMTD Global Markets and BOCI Asia acted as lead managers on the deal.
China has a large number of Internet users and mobile Internet users. With the introduction of the underlying tool platform by system vendors such as Apple and Google, it is much more convenient for developers to create and apply diverse AR contents, enabling AR technology to quickly reach a large number of users. In addition, stores offering AR experiences are penetrating rapidly into shopping malls in China, which have enabled consumers to enjoy the AR experience at a low cost and promoted consumers' acceptance of AR.
Currently, advertisement is the biggest vertical of AR. According to Frost & Sullivan, the market size was estimated at RMB1.5 billion in 2016, and is expected to be at RMB7.8 billion by 2020, with a compound annual growth rate ("CAGR") of 71.6%, much higher than the growth of total online advertising market, which has a CAGR of 32.4% from 2014 to 2018. As AR technology keeps evolving to satisfy the advertisers' growing need, AR is expected to be largely used in advertisement. According to Frost & Sullivan, in 2025, the market will be valued at RMB143.9 billion with a CAGR of 79.1%, indicating a larger market share in total online advertising market in the next five years. Entertainment, including gaming and video, takes a huge share of AR sector as well, and it is expected to have a higher growth rate. In 2016 the market size was estimated at RMB0.6 billion and is expected to be at RMB6.8 billion by 2020, with a CAGR of 83.5%. Driven by the availability of AR SDK, improvement in smart phone performance, prospect of gaming industry, AR entertainment is expected to have a promising future, with a market size of RMB180 billion by 2025, indicating a CAGR of 92.6%, and surpassing advertisement to be the biggest application scenario of AR.
There are 4 key drivers in the China holographic AR industry:
1. Ultimate goal for visual display medium;
2. Advancement in technology;
3. Diversifying customer base and expanding application field; and
4. Government and policy support.
WIMI's Strategies
The company seeks to build WIMI's AR ecosystem through collaboration with partners and customers. The company intends to pursue the following strategies:
1. Bring holographic AR experience to broader mass market;
2. Continue to invest in technology and innovations;
3. Strengthen WIMI's AR content development capabilities and enrich WIMI's content library;
4. Explore acquisition or investment opportunities.
CONTACT:
Name: Tim Wong
Email: pr@wimiar.com
Tele: +86 10 89913328
------------------------------------------------------------------------
WiMi Hologram: A Market That Grows At A CAGR Of 90.2%
source
https://seekingalpha.com/article/4358840-wimi-hologram-market-grows-cagr-of-90_2
Summary
WiMi Hologram Cloud Inc. provides AR-based holographic services including AR advertising and AR entertainment.
WiMi Hologram Cloud Inc. could become a massive company in the next 25 years if it grows at 90.2% y/y or something close.
Interestingly, the company not only offers massive revenue growth, but also positive income margin. In 2019, the income margin was equal to 32%, which is large.
If investors carefully research the company’s business model and the market, investments in AR technology will increase. Consequently, I would expect the company’s valuation to grow.
WiMi Hologram Cloud may be a bit speculative. But, we need some risk to make some money.
WiMi Hologram Cloud (WIMI) appears to be targeting a market that grows at a CAGR of more than 90% from now to 2025. The company is also growing at double digit and reports double digit income growth. The gross profit margin is larger than that of other competitors. Hence, I would expect the company's sales to be a bit larger than that of other players. The company may seem to be a bit speculative because the technology appears new and revolutionary. However, I do believe that many investors will be interested in holding shares for the next few years.
Impressive Technology And A Large Target Market
WiMi Hologram Cloud Inc. provides AR-based holographic services including AR advertising and AR entertainment. In 2019, 83.8% and 16.2% of the company's sales were generated by advertising and entertainment respectively.
I will show later that the company obtains double digit sales growth and double digit income growth. The secret sauce of the company's business model appears to be content production, software engineering, cloud, and big data. The company owns 132 patents, and more than 4600 AR holographic contents:
Source: Investor's Presentation
I studied the company's technology carefully. WiMi Hologram not only offers facial recognition, which may help identify customers. The company can also capture images, which customers can see, for instance, by car. The company's AR advertising technology can offer different advertisements with the information obtained from the image.
In my opinion, the most exciting is the market size and the industry growth. Experts believe that we may see a market size of $65 billion in 2025, and China's market will grow at a CAGR of 90.2%. WiMi Hologram Cloud Inc. could become a massive company in the next 25 years if it grows at 90.2% y/y or something close.
I also checked other marketing consultants. Some of them believe that the augmented reality market in China will grow at a CAGR of approximately 40.4% from 2019 to 2025.
China augmented reality market is estimated to grow significantly at a CAGR of 40.4% during the forecast period. The rising awareness among the end-users and the increasing adoption of AR technology for different applications such as entertainment, automotive, healthcare, telecommunication, infrastructure in public and private sectors are among the major factors that contribute towards the growth of the AR market in China. Source: omrglobal
In any case, many analysts agree that the amount of spending is expected to reach more than $65 billion by 2023. In my opinion, the market opportunity of WiMi Hologram Cloud Inc. will definitely drive the attention of investors.
Source: Chinadaily
http://www.chinadaily.com.cn/a/201906/10/WS5cfdfa7ea310176577230531.html
I took a look at some key driver indicators to understand whether the company's business is growing as fast as the market. In 2019, the number of customers increased by 26%. The number of paid impressions increased by 46% in the same time period. I don't believe that the business is growing at a CAGR of 90.2%. However, the company does report significant business growth.
In my opinion, WiMi Hologram's management team includes individuals with a significant amount of expertise. The founder brings 15 years of expertise in software and mobile internet, and the COO holds 10 years of expertise in the marketing world. In my view, they own know-how accumulated while working in other companies, which will help WiMi Hologram Cloud:
COVID-19
The company noted in a presentation to investors that the COVID-19 crisis has not significantly affected the business model. WiMi Hologram did not report that any customer terminated its contract. I do appreciate the news:
With that, I will remain a bit skeptical because WiMi Hologram Cloud makes a significant amount of money from the advertising industry. Clearly, advertising spending decreased because of the COVID-19 crisis. Thus, if the crisis goes on, I would expect the company to report less sales growth.
Source: Weforum
https://www.weforum.org/agenda/2020/06/coronavirus-advertising-marketing-covid19-pandemic-business/
WiMi Hologram Cloud was actually very smart. In the annual report, the company stated that an outbreak of COVID-19 would drive business results down. I do agree with this case scenario, and invite investors to be cautious.
We expect that our revenues would grow at a slower rate in the first quarter of 2020, as our business, financial condition, and results of operations may be adversely affected by the outbreak of COVID-19. Source: Annual Report
[b]Massive Revenue Growth And Massive Income Margin
The company's sales growth is impressive. In 2018 and 2019, sales growth was larger than 17% and 41% respectively. Interestingly, the company not only offers massive revenue growth, but also positive income margin. In 2019, the income margin was equal to 32%, which is large. The increase in the amount of shares is also not worrying. The share count increased from 100 million in 2017 to 108 million in 2019. WiMi Hologram is at an early stage of development, and most analysts would be expecting a larger level of equity dilution.
Source: Annual Report
https://www.sec.gov/Archives/edgar/data/1770088/000121390020010458/f20f2019_wimihologram.htm#a_036
Interestingly, the company's all business units report massive gross margins. In my opinion, if you are a growth investor and you are not looking right now at augmented reality companies, you are making a mistake. Notice that AR entertainment has a gross margin of 77.9%-91%, and AR advertising has a gross margin of 50.3%-55.1%.
Source: Annual Report
Balance Sheet And Equity Structure
In December 2019, the company's balance sheet looked solid. WiMi Hologram Cloud reported $10 million in cash, total assets of 60 million, asset/liability ratio of 171x, and current assets worth $19 million. Thus, I am not worried that the company is not meeting its financial obligations.
Source: Annual Report
Source: Annual Report
The company's equity structure is not complicated, but investors need to know about it. The company has two types of shares and convertible preferred stock. Some investors don't like the companies with two different share classes. With that, let's mention that some of the largest Chinese companies trading in the US do have two types of shares. Consequently, invertors, who know the Chinese stock space, will not be surprised.
Source: Annual Report
Investment In Subsidiaries
There is a very relevant asset, which investors need to know. The company reported 41 million in investment in subsidiaries. Let's understand the company's subsidiaries. WiMi Hologram Cloud has fifteen subsidiaries and has made a significant amount of acquisitions. Traders will most likely appreciate that the company is active in the M&A markets. It means that the management appears to be prepared to grow inorganically and very rapidly. Financial market usually pushes up the share price of companies growing at a good rate.
I researched each subsidiary and saw that each of them engages in a different activity. Some subsidiaries offer Hologram advertising services, SDK payment channel services, mobile games development, AR advertising services, and MR software development. I don't think that any investor will claim that the company's activities are not diversified.
Source: 10-k
Source: 10-k
Risks
WiMi Hologram Cloud operates a "speculative" business model. It was clearly stated in the annual report. Speculative businesses offer massive stock returns when they end up well. However, many times, they don't offer such significant financial gains. Investors need to understand well that the company's innovations may not be appreciated by customers. If sales growth declines, the company's valuation will most likely decline as well:
We have made and will continue to make significant investments in research, development, and marketing for existing products, services, and technologies, including holographic AR advertising solutions, mobile payment middleware, integrated holographic AR software and other AR-based holographic offerings, as well as new technology or new applications of existing technology. Investments in new technology are speculative. If customers do not perceive our latest offerings as providing significant new functionality or other value, they may reduce their purchases of our services or products, unfavorably affecting our revenue and profits. Source: 10-k
WiMi Hologram Cloud commenced operating in 2015, less than six years ago. In the past. The company's sales growth was very significant. However, past stock returns may not be repeated in the future:
Our business was launched in 2015 and we have a limited operating history. Although we have experienced significant growth since our business was launched, our historical growth rate may not be indicative of our future performance. We may not be able to achieve similar results or grow at the same rate as we had in the past. Source: 10-k
Minority shareholders will most likely suffer from equity dilution. The company will need additional funds to operate and develop its AR technology. Consequently, minority shareholders will most likely suffer from equity dilution, which usually leads to share price declines:
If we raise additional funds through future issuances of equity or convertible debt securities, our existing shareholders could suffer significant dilution, and any new equity securities we issue could have rights, preferences and privileges superior to those of holders of our ordinary shares. Source: 10-k
The company operates with third-party advertising agencies and other entities, which makes WiMi Hologram, as per my opinion, a bit vulnerable. If these partners decide to raise their prices or pay less for the company's content, WiMi Hologram Cloud could report less gross profit margin. A decrease in the company's profitability will lead to a share price decline.
We offer holographic AR advertising solutions primarily through contracts entered into with advertisers or third-party advertising agencies and middleware services primarily through contracts entered into with app developers and content providers. Our ability to retain existing customers or attract new customers depends on many factors, some of which are out of our control Source: 10-k
Controlled Entity Like Other Chinese Companies
Many Chinese companies are controlled by the CEO or a few directors. As a result, most of these companies are controlled entities. WiMi Hologram Cloud is not an exception. The CEO controls more than 82% of the total voting power:
Source: 10-k
Don't get me wrong. Controlled entities are not perfect for minority investors. However, me and many other investors in Chinese companies will not care. If you are willing to invest in China and you want a non-controlled entity, you are not going to buy a lot of shares. Having said that, I need to mention that minority shareholders may not be able to protect their interests that well:
As a result of all of the above, our public shareholders may have more difficulty in protecting their interests in the face of actions taken by management, members of the board of directors or controlling shareholders than they would as public shareholders of a company incorporated in the United States. Source: 10-k
Valuation
WiMi Hologram Cloud has a share count of 108 million. If we assume a share price of $21-$27, the market capitalization equals $2.26-$2.9 billion. In 2019, sales were equal to $45 million, and revenue growth was equal to 41%. If we assume the same sales growth for the next two years, in 2021, WiMi Hologram Cloud will have sales of approximately $89 million. Therefore, WiMi Hologram Cloud currently trades at more than 25x 2021 sales. I don't think that it is a cheap valuation. However, the valuation could go even higher. Notice that we are in a new industry, where margins are large, and the amount of competitors is not significant. Other industries, like the cannabis or the internet industry, traded at 40x, 60x and even 70x sales when they started.
If we look at other AR stocks, they trade at 19x, 21x, 24x, and 9x. Hence, WiMi Hologram does not look that expensive at 25x 2021 sales. In my opinion, if investors like the industry and companies receive a lot of financing, the EV/Sales ratio could increase. In my experience, given the income margins obtained, investors will be interested in this sector.
Source: Ycharts
https://ycharts.com/charts/fund_chart_creator/seeking_alpha/#/?calcs=id:price,include:false,,id:ev_revenues,include:true&securities=id:VUZI,include:true,,id:QCOM,include:false,,id:LITE,include:false,,id:IMMR,include:false,,id:AAXN,include:true,,id:MVIS,include:true,,id:NVDA,include:true&securitylistName=&securityGroup=&securitylistSecurityId=&correlations=&startDate=&endDate=&zoom=1&chartView=&title=¬e=&format=real&recessions=false&splitType=single&scaleType=linear&units=false&source=false&liveData=false"eLegend=true&legendOnChart=true&displayTicker=false&partner=seeking_alpha_635&chartType=presentation&useEstimates=false
WiMi has a larger gross profit margin than that of other AR stocks. Thus, it makes a lot of sense that WiMi's EV/Sales is larger than that of other AR stocks.
Source: Ycharts
In fact, the company's sales growth is larger than that of other AR stocks. Other AR stocks report sales growth of 11%-38%. The company's sales growth is equal to 41%. As a result, I believe that the company could trade even at 28x-30x sales, and many analysts would agree.
Source: Ycharts
Conclusion
WiMi Hologram Cloud reports more gross profit margin than competitors. It is also targeting a massive market in China, which grows at double digit year on year. In my view, if investors carefully research the company's business model and the market, investments in AR technology will increase. Consequently, I would expect the company's valuation to grow. There are many risks, and WiMi Hologram Cloud may be a bit speculative. But, we need some risk to make some money.
------------------------------------------------------------------------
source
https://www.gurufocus.com/news/1173195/retransmission-wimi-hologram-ar-focuses-on-led-lighting-products
NEW YORK, NY / ACCESSWIRE / June 22, 2020 / Time has changed. Through years of original research and development, WIMI Hologram Cloud (NASDAQ:WIMI), a world-renowned holographic giant, has created the third-generation 6D optical field holographic technology products with an imitation of over 98%. The user experience can be described as stunning and impressive. The so-called 6D refers to the combination of 3D shooting outward and 3D shooting inward in content production, that is, VR ball multi-lens camera shooting and holographic AR ball shooting inward. The content produced can be used in both VR and AR.
WIMI will ensure that the user experience can reach the highest simulation experience in the world by means of 6D holographic optical field technology revolution, and improve the naked eye visual imitation of virtual digital products to more than 100% real level, so as to give users the most real naked eye simulation effect.
WIMI issued by holographic devices on the market reaction, and its LED products industry, the building of the transparent glass LED is a concentration of microelectronics technology, electronics technology, computer technology, information processing technology as one of the high-tech products, is a kind of technology, similar to the projection screen is actually a carrier, have the effect of a curtain. Compared with the traditional display, it adds more interest to the product display, bringing unprecedented visual experience and brand new experience to users. It enables the audience to see the product information on the screen while seeing the real product, and conduct touch interactive experience on the information.
The LED transparent glass display case released by WIMI is very prominent, realizing the interconnection of network and multimedia technology, and releasing information in the way of multimedia. The transparent display can simultaneously display and release information, and interact with customers in a timely manner. High light transmittance LIQUID crystal display, can see the internal goods through the broadcast program screen, the combination of dynamic product advertising information and static objects such as terminal products, window, strengthens the customer's brand experience and shopping experience. Transparent panel adopts advanced technology and unique liquid crystal molecule plane switching mode, and the Angle of view can reach 80° in all directions. The display applies colorless partial technology, the color range increases greatly, the picture is more delicate and lively, no matter what Angle you can enjoy color saturation, lifelike image. Customers can set the volume according to different periods of time, which is very suitable for the humanized management of high-end hotels, hospitals, communities and other places. Touch function can be added, and unique high-tech hard screen can be used to avoid water ripple when touching the screen, making the picture clearer and more stable, and the image smoother and natural.
Trillion advertising market, micro - beauty holographic has long been targeted at this piece of cake. For brands, thousands of years of unchanged print advertising technology, the same giant posters and photoelectric effect, has been unable to attract customers' attention, hard wide conversion rate is becoming increasingly worrying. In addition, as big data artificial intelligence is everywhere, data capture and analysis of offline advertising cannot meet customers' needs. In the market environment guided by attention economy, reform is necessary.
The holographic cloud advertising platform developed by Weimei Hologram will overturn the communication and effect of the traditional advertising. Customers can directly watch the holographic stereoscopic advertisement and have an immersive feeling. Whether the product itself or the creative effect of the advertisement above will be refreshing, can attract a large number of potential consumers to take the initiative to watch. In addition, the holographic cloud AI-MBT technology is used to track and analyze various data of customers and provide effective data support for advertisers. Current application fields: holographic indoor advertising, holographic outdoor advertising, high-altitude holographic advertising, holographic airport/subway advertising, holographic in-store (outside) display of well-known brands, holographic event advertising display, etc.
VR/AR will become the ecological killer application of 5G: 5G has many innovations such as high speed, large flow, low delay and multi-connection. In the 5G era, the transmission features of high speed and low delay are expected to significantly improve the user experience of VR/AR products. 5G+ cloud rendering greatly improves application display effects, reduces hardware costs, and promotes the popularization of VR/AR. Technological innovation continues to make breakthroughs and promote product upgrading, further clearing the way for the popularization of VR/AR. International giants are accelerating their layout, and the industrial ecology is gradually improving. VR/AR has broad application prospects in technology, video, game and other fields. China occupies an important position in the field of VR/AR in the world.
With the gradual landing of VR/AR applications, THE practicability of VR/AR as a tool has become increasingly prominent, and it shows great application potential in the video, marketing, music and game markets, which is expected to promote revolutionary changes in the next generation of interactive entertainment industry. The commercial use of 5G brings faster network speeds, lower delays and more opportunities across industries, and pushes the valuation of THE AR industry to new heights. In people's expectation, AR is a brand new interactive means, transforming the expression of traditional industries, and all this is just beginning.
Media Contact:
Company: WIMI
Name: Tim Wong
Tele: +86 10 89913328
Email: bjoverseasnews@gmail.com
SOURCE: WIMI
-----------------------------------------------------------------------
I`m a shockholder of the company since 28. May 2020
My personal vision for WiMi Hologram Cloud Inc. (WIMI):
If Wimi's strategy in the semiconductor market for holographic applications and cloud services, as well as AR, AI, VR and KI, generated a hundredth of Apple's sales, a market capitalization of $ 15 billion would be achievable in the future.
Recent WIMI News
VPR Brands LP Reports Record Annual Financial Performance for Fiscal Year 2023 • VPRB • Apr 19, 2024 11:24 AM
Coinllectibles' Subsidiary, Grand Town Development Limited, Acquires Rare Song Dynasty Ceramics Worth Over USD28million • COSG • Apr 18, 2024 8:03 AM
ILUS Provides Form 10-K Filing Update • ILUS • Apr 17, 2024 9:54 AM
Glucotrack Announces Expansion of Its Continuous Glucose Monitoring Technology to Epidural Glucose Monitoring • GCTK • Apr 17, 2024 8:00 AM
Maybacks Global Entertainment To Fire Up 24 New Stations in Louisiana • AHRO • Apr 16, 2024 1:30 PM
Cannabix Technologies Begins Certification of Contactless Alcohol Breathalyzer, Re-Brands product series to Breath Logix • BLOZF • Apr 16, 2024 8:52 AM
