Press Releases
 
WIMI Hologram's US IPO Listing a Strong Technology Play

BEIJING, 8 July 2019 -- (ACN Newswire) -- WIMI Hologram's IPO prospectus for the US capital markets, filed with the Securities and Exchange Commission (SEC) on June 27, makes clear the company's position on technology. Since its inception, WIMI has devoted most of its research and development resources to software development. Its software engineering team is responsible for building the company-wide software platform, supporting the integration of its products and applications within its cloud infrastructure, and producing WIMI's holographic AR-related and MR-related software and solutions, licensed to its entertainment industry customers.

WIMI has developed an innovative business model with fundamental strengths that positions it for continued leadership. It is the leading holographic augmented reality (AR) application platform in China, in terms of total revenue in 2018, according to Frost & Sullivan, and has built the most comprehensive and diversified holographic AR content library among all holographic AR solution providers in China. Its mission is to be the creator of the largest holographic AR ecosystem in China.

Content Production

Set out in the Company's prospectus, WIMI's leading holographic AR content production capabilities are built around image acquisition, object recognition, automated image process, and computer vision technologies. It's engineering team and visualization design team work closely to consistently advance such visualization-related technologies and harness them to design and produce innovative holographic AR contents. Through real-time computer vision algorithms which provide an accurate pose estimation, scene recognition and tracking can be performed within seconds. Such cutting-edge algorithms also allow WIMI to perform visualization of photorealistic high-resolution renderings of products on a pixel basis.

While most peer companies may identify and capture 40 to 50 blocks of image data within a specific space unit, WIMI can collect 500 to 550 blocks, according to Frost & Sullivan. WIMI's speed of image processing is 80% faster than the industry average, leading to improved operational efficiency. During scene reconstruction, WIMI's automated image processing tools can perform noise cleaning and feature enhancement on the image it initially captured, enabling them to create best-in-class holographic AR designs with an industry-leading simulation degree.

Content Library

WIMI has built a comprehensive holographic AR content library as compared with peers in China. The formats of its holographic AR contents range from 3D models to holographic short videos. As of December 31, 2018, WIMI owned 4,654 ready-to-use AR holographic contents that were available to be adapted to its holographic AR products and solutions covering a wide category, including animals, cartoon characters, vehicles and foods. Among them, 2,961 proprietary and licensed intellectual properties ("IP") were for education scenarios, 851 for tourism, 739 for arts and entertainment and 103 for popular science. In addition, the Company's content library is also enriched by copyrighted contents it has licensed from third parties. It cooperates with various content owners, including brands, film producers and talent agencies, to adapt high-quality, popular IPs into holographic AR formats.

WIMI believe that the next-generation cloud delivery technology provides the flexibility and scalability necessary for holographic AR experience. Cloud technology is of high importance to build its comprehensive holographic AR ecosystem. It has developed its cloud architecture to work effectively in a flexible cloud environment that has a high degree of elasticity. Meanwhile, benefiting from its cloud storage and connecting capabilities, users of our integrated holographic AR software are able to access its large-size holographic AR content library on their native devices.

Big Data Capability

WIMI has developed advanced data analytics capabilities to derive actionable insights from the large amounts of data it collected from products and third-party sources. Currently, it has infiltrated a solid end-user base of approximately 350 million from which we are able to collect raw data. The Company's processing capabilities enable it to manage extremely large volumes of data and deliver real-time analysis at scale, making it possible to continue to improve and innovate its products and services. It's data mining and user behavioral data analytics technologies allow it to build and segment context-rich user profiles and apply such analysis in numerous applications. For instance, it has created over 2,000 user tags by analyzing user data collected through holographic AR advertising services. WIMI is also in the process of developing ads performance tracking and evaluation tools.

WIMI has developed a professional media player 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 effect.

Experienced Management Team and Market Potential Across the Holographic AR Value Chain

Finally, WIMI 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. This management team becomes the subject of the next article in this series. 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 from RMB 3.6 billion in 2017 to RMB 454.8 billion in 2025.

Source: U.S. SEC - FORM F-1, WiMi Hologram Cloud Inc., Securities and Exchange Commission (SEC), June 27, 2019.
Contact: Insight Data Institute, Mr Ronald Sims, +44 2076981963, , http://www.insightdatatalking.com.

# # #


Submitted by ACN Newswire, ACN Newswire on Monday, 8 July 2019 at 3:58 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

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

Various Benefits of Marijuana and The best way to Get Weed 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
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
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.


    Resources
  • 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.