IPO at NASDAQ in the United States: China’s 5G Holographic Communication WIMI Hologram Cloud Leads the Global AR+AI Technology
Hongkong, Jul 7, 2019 — Due to changes in the bandwidth of 5G communication networks, high-end holographic applications have been gradually been applied to social media, communications, navigation, home applications and other application scenarios. WIMI Hologram Cloud plans to provide the holographic cloud platform service through 5G communication network. WIMI Hologram Cloud listed the first share of IPO of 5G communication holographic application at NASDAQ in the United States, which will put China’s 5G communication application onto the leading stage of international holographic AI technology.
At the World Mobile Conference, China Unicom demonstrated the 5G holographic communication system based on reality augmentation technology, which attracted much attention at the conference. It is reported that relying on Unicom’s 5G network and with AR equipment as a carrier, this system, equipped with customized application software, is possible to achieve many advanced applications such as remote industrial manufacturing, remote on-site exploration, high-precision technology maintenance quality inspection and telemedicine. The holographic communication technology can effectively break the limitation of space distance, and at the same time, it also contributes to the development of collaborative affairs. China Unicom is taking advantage of the huge potential of holographic communication in many fields.
With the rapid construction of 5G, its large-scale commercialization is not far away. At present, the 5G construction is vigorously promoting all over the world to seize the opportunity. In the communications industry, operators take the lead, and the upstream and downstream enterprises in the industry cooperate with each other closely to provide related equipment and supporting services. Communications equipment companies, including Huawei, ZTE, Ericsson and Nokia are competing fiercely for more orders. The competition for 5G has entered the white-hot stage.
As an emerging industry, the global holographic AR market has great growth potential. Since 2016, it has attracted a lot of investment and made a huge contribution to the growth of the industry. Several organizations, including R&D institutions, are investing heavily in the technology, and are developing solutions for enterprises and consumer groups. For many years, the holographic augmented reality market has been widely used in applications such as games, media and marketing. Its expanding application in different sectors, such as advertising, entertainment, education and retail, is expected to boost demand during the forecast period.
Global Holographic AR Market Size by Revenue, 2016 – 2025E
Note: Hardware refers to the revenue of hardware manufacturers, including AR rendering device, such as AR glasses, AR helmets, etc. as well as holographic imaging devices, such as holographic projectors, holographic cabinets, holographic advertising machines, etc. Software and contents refer to the revenue of participants who provide the addition of AR and holographic contents, ARSDK or technical services. Source: Frost & Sullivan
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.
From the above data, it is not difficult to see that the business growth of the entire WIMI Hologram Cloud is in a benign development trend. From 2017 – 2019, the financial revenue of the three years continued to increase. The amount of revenue that this market feeds back is increasing, and the market is expanding.
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’s product layout commercial application scenarios are mainly concentrated in five major professional fields such as home entertainment, light field theater, performing arts system, commercial publishing system and advertising display system. The international patent protection area reached by WIMI Hologram Cloud will ensure the user experience in China to reach the level of exclamation with the strict patent technology protection and the best holographic AI simulation experience as the guarantee. Until now, the artificial intelligence industry has not formed a large market, and no company can achieve absolute market monopoly. Startup companies keep emerging in the filed of algorithms, frameworks, chips, modules, accelerators and so on.
AR applications are currently mainly used in entertainment, advertising, education and other industries. Their hardware environment is relatively mature and is very beneficial to the development of software and content in these fields. In the long run, applications will also appear in social networking and communications field, although these applications are still limited by hardware technology.
Distribution of China’s AR Market
In the past few centuries, the mainstream visual display media has experienced an extraordinary shift from paper (book) to large screen (television / computer) and small screen (smart phone). Despite the ever-increasing quality of visual display media, it is still far from the ultimate goal – the perfect combination of virtuality and reality, and human has never approached this goal in holographic AR technology. Thus, the motivation to achieve the ultimate goal of visual display media will drive continuous efforts in this field and will ensure that once market conditions are ripe, it will be widely accepted and adopted.
It is indicated in the prospectus that due to the changes in bandwidth conditions of the 5G holographic communication network, the 5G holographic application market will usher in an explosion, and high-end applications such as holographic interactive entertainment, holographic meetings and holographic conferences have gradually spread to holographic social contact, holographic communication, holographic navigation, holographic family application and other directions. WIMI Hologram Cloud plans to support the holographic cloud platform services and 5G communication applications with multiple technologically innovative system based on the core technology of holographic AI facial recognition technology and holographic AI face changing technology.
WIMI conducts the full-dimensional image scanning of the captured objects through building a multi-angle shooting and real-time modeling system to synthesize a three-dimensional model in real time. Six degree matrix type light field: makes comprehensive use of multiple light sources to construct the imaging field of holographic virtual image. Binocular parallax intelligent enhancement system: dynamically tracks object trajectory and adjust the light in the acquisition process to maintain the equilibrium value of binocular difference. Multi-image dynamic fusion system: is a multidimensional image wide-angle acquisition technology in narrow space, and is applied to cloud vision miniaturization holographic stack. Holographic image high-speed processing algorithm: conducts the fast processing of image information and ensure the rendering effect with processing rate up to 10GB/second. Invisible polyester optical imaging film: is a key component of holographic imaging, allowing holographic images to be perfectly displayed. Holographic virtual character painting sound reconstruction technology: uses human bone dynamic capture, image real-time rendering, speech recognition technology and sound simulation technology to present virtual people. Holographic cloud spectrum platform: covers the national image acquisition and restoration, and it is the interactive platform for data storage, image restoration and holographic social attributes.
WIMI Hologram Cloud builds a complete 5G holographic communication application platform through the above system combination to support various online terminal and personal device applications, while expanding various mainstream 5G holographic application of holographic social communication, holographic family interaction, holographic star interaction, holographic online education and holographic online conference, etc. 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 listed the first share of its IPO of the 5G communication holographic application at NASDAQ in the United States, which will put China’s 5G communication application on the leading stage of international science and technology.
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