| Market Capitalization (Millions $) |
26 |
| Shares
Outstanding (Millions) |
19 |
| Employees |
202 |
| Revenues (TTM) (Millions $) |
60 |
| Net Income (TTM) (Millions $) |
49 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
To meet our clients demands, we provide AR-based holographic services and solutions, with an emphasis on creating an innovative, immersive, and engaging holographic AR experience for our customers and end users. We also provide enterprise customers with central processing algorithm services and computer chip products, as well as sell full solutions for central processing algorithms and related services that include software and hardware integration. Our holographic AR advertising services and holographic AR entertainment items are the foundation of our AR service and product offerings.
The core of our holographic AR business is holographic AR technologies used in software engineering, content production, cloud and big data.
We believe that the application demand for holographic 3D vision in the semiconductor sector is growing rapidly and represents huge market potentials. Starting in July 2020, we began to develop our semiconductor business by establishing two joint ventures, ICinit Limited and VIDA Semicon Co., Limited, and one wholly-owned subsidiary, Lixin Technology Co., Ltd. In September 2020, we established VIYI, and acquired 100% equity interests of FE-DA to further develop our semiconductor business. For our semiconductor business, we engage in the provision of central processing algorithm services and computer chip products to enterprise customers and the sales of comprehensive solutions for central processing algorithms and related services with software and hardware integration.
Our holographic AR advertising software enables users to insert into video footages real or animated three dimensional ('3D') objects that integrate seamlessly within the scene of such footages. Our online holographic AR advertising solution embeds holographic AR ads into films and shows that are hosted by leading online streaming platforms in China. Through our proprietary image and video recognition technologies, our software enables users to analyze the underlying video footages at a pixel level to identify ad spaces that can be augmented by 3D objects. Advertisers and their agencies purchase these ad spaces through application programming interfaces, or APIs, integrated with our systems, specifying their target audience and budgets and typically providing the 3D models to be embedded in the videos. When the ad space is detected and 3D objects are generated, the 3D objects are embedded into the underlying streaming videos automatically on a batch-processing basis as determined by our software.
As compared with traditional forms of digital ads, we believe that ads generated using our holographic AR technology have the following key benefits:
Engaging and interactive. Holographic AR ads tend to create a more engaging, memorable experience that likely stimulates the purchase impulse. Holographic AR ads encourage engagement between the consumers and brands, creating a relationship that is more interactive than other forms of ads.
Natural and non-disruptive. As compared with traditional banner ads and video-based ads that flash and spin on the screen, holographic AR ads are naturally blended with the scenes in the films or TV shows, which helps to overcome advertising blindness and create a natural, non-disruptive viewing experience.
Cost-effectiveness and flexibility. Our technologies identify appropriate ad space that can be used repeatedly for ads of multiple brands. While video-embedded 3D objects provide substantially the same level of reality as compared to tangible ads, they tend to be more cost-effective as they save the costs associated with shooting a commercial.
We generate revenues from our mobile payment middleware by sharing revenues with app developers at an agreed-upon percentage.
Company Address: Room#1508, 4th Building Beijing 100020
Company Phone Number: 5338-4913 Stock Exchange / Ticker: NASDAQ WIMI
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25.48% 