The Market of China’s 5G Holographic AI Vision Grows Rapidly after WIMI listed IPO on NASDAQ

WiMi Hologram Cloud has the leading AR holographic application platform in China. According to Frost & Sullivan, WiMi Hologram Cloud is already the largest holographic AR application platform in China in terms of total revenue in 2017.

WiMi Hologram Cloud has the leading AR holographic application platform in China. According to Frost & Sullivan, WiMi Hologram Cloud is already the largest holographic AR application platform in China in terms of total revenue in 2017. In addition, WIMI established the most comprehensive and diversified holographic AR content library among all holographic AR solution providers in China. In terms of revenue, number of customers, holographic AR contents and the number of holographic AR patents and software copyright, WiMi Hologram Cloud ranks the first in the Chinese holographic AR industry. Throughout the year 2018, WiMi Hologram Cloud had approximately 4,654 AR holographic contents, 106 software copyrights and 219 technology patents. WiMi Hologram Cloud is dedicated to meeting the entertainment and business needs of customers and end users by its holographic technologies. According to Frost & Sullivan, the holographic AR application platform operated by WiMi Hologram Cloud covers the most extensive types of holographic AR products in China. The comprehensive platform application of WIMI Holographic Cloud is a key factor that distinguishes WiMi Hologram Cloud from its competitors.

There are two types of holographic AR in advertising: volumetric 3D display technology and online APP. For example, Snapchat and Instagram have developed the AR filter ads featureing fast moving consumer goods (“FMCG”) and cosmetics. Another type of advertisement is a “plug-in” advertisement in a television show that promotes the products by manually adding a computer-generated 3D image to the original scene.

In 2016, China’s holographic AR advertising market size reached 900 million yuan, and it is estimated that the compound annual growth rate will be 71.8% in 2016 – 2020, and the compound annual growth rate will be 71.8% in 2020 – 2025 and will up to 143.9 billion yuan in 2025. In 2016, China’s holographic AR advertising market reached 900 million yuan. It is estimated the compound annual growth rate will be 71.8% in 2016 – 2020, and the compound annual growth rate will be 71.8% in 2020 – 2025 and will up to 143.9 billion yuan in 2025. This growth is mainly driven by the boom in the advertising industry and the new retail industry. As advertisers have been pursuing the most cutting-edge visual effects to attract customers, and AR applications in advertisements are constantly diversifying. (* Source: U.S. SEC - FORM F-1, WiMi Hologram Cloud Inc., Securities and Exchange Commission (SEC), June 27, 2019)

In 2016, China’s holographic AR application market is 600 million yuan in entertainment industry. The compound annual growth rate is expected to be 83.5% in 2016 – 2020, and the compound annual growth rate is expected to be 92.8% in 2020 – 2025 and will reach 180 billion yuan in 2025. This growth is attributable to the increasing popularity of entertainment broadcasts, especially live broadcasts, including ceremonies, concerts, evening parties and sports events, where AR has great potential. In addition, the enhancement of live broadcasting capabilities brought by smartphone and other portable digital devices has contributed to this growth.

China values 5G because it will drive many new applications in consumption, and there will be many applications in the industry in the future. 1G to 4G is mainly for consumer applications and 5G should be extended to industrial applications and penetrated into telemedicine, distance education, smart city, automatic driving, agriculture and other aspects. WiMi Hologram Cloud listed IPO in the United States, which will make the world to change its view on China’s 5G holographic AI vision applications.

* Source: U.S. SEC - FORM F-1, WiMi Hologram Cloud Inc., Securities and Exchange Commission (SEC), June 27, 2019

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