Press Releases
The Strength of WIMI Hologram in IPO and Nasdaq Trade

BEIJING, 9 July 2019 -- (ACN Newswire) -- WIMI Hologram Cloud Inc filed for its IPO and listing on the Nasdaq Global Market as "WIMI". According to the prospectus filed June 27 with the Securities and Exchange Commission (SEC), WIMI hopes to raise up to US$ 50 million, allocated to research and development, general purposes and strategic mergers and acquisitions as the holographic AR industry leader prepares for the platform growth in its market from RMB 3.6 billion in 2017 to RMB 454.8 billion (US$ 66 billion) by 2025, according to consultants Frost & Sullivan.

China now boasts more than 800 million internet users and 98% of them are mobile. WIMI has developed an innovative business model with fundamental strengths that position the Company for continued leadership in a huge and growing holographic AR market, where it offers a platform solution comprised of leading-edge holographic technology including content production technology, and content creation distribution.

WIMI's Strategies

WIMI seeks to build its AR ecosystem through collaboration with partners and customers, and intends to bring the holographic AR experience to a broader mass market, continue to invest in technology and innovations, strengthen AR content development capabilities and enrich our content library, and explore acquisition or investment opportunities.

- Leading Holographic AR Application Platform in China
WIMI is the largest holographic AR application platform in China, in terms of the total revenue in 2018, according to Frost & Sullivan. In addition, it has built the most comprehensive and diversified holographic AR content library among all holographic AR solution providers in China, according to Frost & Sullivan.

- Market Potential Across the Holographic AR Value Chain
As holography and AR continue to proliferate, China's holographic AR market is fast-growing and evolving. According to Frost & Sullivan, the total market size of China's holographic AR industry in terms of total revenues is expected to grow to RMB 454.8 billion in 2025.

- Cutting-edge Technology Capabilities and High-Quality User Experience
WIMI has developed the professional media player in China specifically designed for holographic AR contents. It has built-in a comprehensive set of setting parameters and editing tools used for holographic AR content playback and allows end-users to playback complex high-fidelity simulations quickly and cost-effectively. End-users are able to adjust the contrast, saturation and vibrancy of the displayed holographic AR content and create their own custom visual effects.

- Experienced Management Team
The Company benefits significantly from the experience of its founder and senior management team, who have been successfully riding the growth wave in China's booming holographic AR industry. WIMI Chairman, Mr Jie Zhao, has been with the company since its inception and possesses deep entrepreneurship and extensive expertise in the internet industry. Prior to establishing WIMI, Mr Zhao founded Weixun Yitong, a mobile internet platform in China.

Mr Fanhua Meng, WIMI Chief Executive Officer, has over ten years of senior management experience in internet companies. Mr Shuo Shi, Chief Operations Officer, is experienced in sales marketing, internet management and culture media. Mr Yanghua Yang, Chief Financial Officer of the company, has over ten years of experience in audit and finance. Mr Chengwei Yi, Chief Technology Officer, has over 15 years of experience focusing on video processing technology, artificial intelligence and signal processing technology.

The Company believes that its management team's collective experience and insight has paved and will continue to pave the way for its success. The management team is supported by a research and development team with strong academic background and industry expertise in audio/video processing, 3D modeling and cloud computing.

WIMI's Industry

With the introduction of the underlying 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 has 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 it is expected at RMB7.8 billion by 2020, with a CAGR of 71.6%, much higher than the online advertising market, which had a CAGR of 32.4%. As AR technology keeps evolving to satisfy advertisers' growing needs, it will be used increasingly in advertisement. Entertainment, including gaming and video, takes a huge share of AR sector as well, and it is expected to have a higher growth rate. The market size of RMB0.6 billion in 2016 is expected at RMB6.8 billion by 2020, with a CAGR of 83.5%.

Driven by the availability of AR SDK, improvements in smartphone performance and prospects of the gaming industry, AR entertainment is expected to have a promising future with market size of RMB180 billion by 2025, indicating a CAGR of 92.6%, and surpassing advertisement to be the biggest application scenario of AR.

Source: U.S. SEC-FORM F-1, WiMi Hologram Cloud Inc, United States SEC, June 27, 2019
Contact: Insight Data Institute, Ronald Sims, +44 20 7698 1963,

# # #

Submitted by ACN Newswire, ACN Newswire on Tuesday, 9 July 2019 at 10:23 PM
Category: Enterprise Technology
Related News

Companies Need to Support and Adopt Local Technology – Encourages local player, Basis Bay
Tuesday, 23 Jul 2019

Global Metrology Market Report | Growth, Trends And Forecast Till 2019-2029
Tuesday, 23 Jul 2019

UNI GOLD COIN (UGC) to be listed on IDAX
Monday, 22 Jul 2019

Represent Your Identity and New Ideas with .id Domain Name
Friday, 19 Jul 2019

Micro Motor Market : Innovative Trends Implemented by Manufacturers Steering Growth until 2022
Thursday, 18 Jul 2019

Related Events

Data & Cloud Tech Summit Singapore
Thursday, 25 Jul 2019

The Print Event ○ Minneapolis, MN ○ August 6 - 7, 2019
Tuesday, 6 Aug 2019

hubraum IBB Tech Meetup: Let’s talk about Startup Funding
Wednesday, 7 Aug 2019

Data-Driven Agriculture Summit
Thursday, 8 Aug 2019

Palo Alto Networks: Live Demo: Gain Visibility and Protect AWS, Azure and Google Cloud
Monday, 12 Aug 2019

Latest News

Key Duties of Construction Employees
Wednesday, 24 Jul 2019

London ScaffoldingService Offers Safety and Security at Workplace
Wednesday, 24 Jul 2019

New Technologies To Make Your Entertainment Better
Wednesday, 24 Jul 2019

Family Hospital MX Helps You Improve Your Aesthetic Appearance
Tuesday, 23 Jul 2019

Your #1 source to order real marijuana online
Tuesday, 23 Jul 2019

Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2019
Today is Wednesday, 24 July 2019

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Consumer Technology
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
News & Media
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!

Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.

  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.

  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Breast Imaging A to Z: How to Read Like (or Better Than) the Experts-Hawaii
  • Update in Orthpaedic Surgery Conference July 22-25, 2019 Grand Hyatt Kauai
  • Echocardiographic Symposium at Vail
  • Microbiome Movement - Oncology Response Summit
  • Neuropsychiatric Drug Development Summit Boston

  • Latest Jobs
    Sorry, there are currently no entries posted here.