ACCESS Newswire
26 Mar 2020, 08:35 GMT+10
NEW YORK, NY / ACCESSWIRE / March 25, 2020 /WIMI Hologram Cloud is going to IPO on NASDAQ Global Market. It shows the rapid growing of China's AR market. WIMI's holographic AR entertainment revenue increased by approximately RMB 7.7 million (USD 1.1 million), or 17.3%, from approximately RMB 44.0 million (USD 6.3 million) for the year ended December 31, 2018 to approximately RMB 51.7 million (USD 7.4 million) for the year ended December 31, 2019. The increase was primarily attributable to an increase in mobile games service fee recognized in 2019. The company has developed powerful, cutting-edge holographic AR technologies.
Software Engineering
Since WIMI's inception, the company has devoted the majority of WIMI's research and development resources to software development. WIMI's software engineering team is responsible for building the company-wide software platform, supporting the integration of WIMI's products and applications within WIMI's cloud
Content Production
WIMI's leading holographic AR content production capabilities are built around image acquisition, object recognition, automated image process, and computer vision technologies. WIMI's software 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, the company are able to perform scene recognition and tracking within seconds. Such cutting-edge algorithms also allow us 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, the number of data blocks the company can collect reaches 500 to 550, according to Frost & Sullivan. According to Frost & Sullivan, WIMI's speed of image processing is 80% faster than the industry average, leading to improved operation efficiency. In the course of scene reconstruction, WIMI's automated image processing tools can perform noise cleaning and feature enhancement on the image the company initially captured, enabling us to create best-in-class holographic AR designs with an industry-leading simulation degree.
The company has built a comprehensive holographic AR content library as compared to WIMI's peers in China. The formats of WIMI's holographic AR contents range from 3D models to holographic short videos. As of June 30, 2019, the company owned 4,654 ready-to-use AR holographic contents that were available to be adapted to WIMI's 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, WIMI's content library is also enriched by copyrighted contents the company has licensed from third parties. The company cooperates with various content owners, including brands, film producers and talent agencies, to adapt high-quality, popular IPs into holographic AR formats.
Name: Tim Wong
Email: [email protected]
Tele: +86 10 89913328
SOURCE: WiMi
Get a daily dose of Nashville Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Nashville Herald.
More InformationDHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...
ZAGREB, Croatia: A massive concert by popular Croatian singer Marko Perković, known by his stage name Thompson, has drawn widespread...
WASHINGTON, D.C.: Elon Musk's entry into the political arena is drawing pushback from top U.S. officials and investors, as his decision...
CULVER CITY, California: TikTok is preparing to roll out a separate version of its app for U.S. users, as efforts to secure a sale...
WASHINGTON, D.C.: President Donald Trump claimed he was unaware that the term shylock is regarded as antisemitic when he used it in...
PARIS, France: A strike by French air traffic controllers demanding improved working conditions caused significant disruptions during...
OTTAWA, Canada: With Canada Post struggling to maintain operations amid labour unrest, rivals like FedEx and UPS are stepping in to...
NEW YORK, New York - U.S. and global markets showed a mixed performance in Tuesday's trading session, with some indices edging higher...
PARIS, France: French military and intelligence officials have accused China of orchestrating a covert campaign to damage the reputation...
NEW DELHI, India: Birkenstock is stepping up its efforts to protect its iconic sandals in India, as local legal representatives conducted...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...
NEW YORK, New York - Monday's trading session saw mixed performances across U.S. and global markets, with several major indices posting...