WiMi Hologram Cloud Inc. Stock Price, News & Analysis

WiMi Hologram Cloud Inc. (NASDAQ: WIMI) has announced that its new product, the Hologram Soft Light head-mounted display, has received Federal Communications Commission (FCC) certification, allowing it to enter the U.S. market. This product features significant upgrades in image color management, user comfort, and broad device compatibility. Collaborating with SONY, WiMi enhances image quality while integrating infinity focus imaging to reduce user fatigue. The company boasts a vast AR content library and efficient image processing capabilities, aiming to meet the rising demand for advanced AR solutions.

WiMi Hologram Cloud Inc. (Nasdaq: WIMI) announced the FCC certification of its new product, the "WiMi Hologram Soft Light," allowing it to enter the US market. The head-mounted display model WMH0D3 underwent comprehensive testing, including data transmission and product radiation. The Company aims to launch the product by the end of 2020, featuring enhanced image color management and user comfort through infinity focus imaging technology. WiMi's advanced capabilities include processing images 80% faster than industry standards and a diverse portfolio of 4,654 AR holographic contents.

WiMi Hologram Cloud Inc. (WIMI) announced the acquisition of Fe-da Electronics Company Pte Ltd., enhancing its semiconductor chip business. The deal, involving multiple installment payments over two years, aims to integrate Fe-da's CPU and storage device capabilities. Fe-da Electronics reported revenues of $45.9 million and $70.8 million in 2018 and 2019, respectively, exceeding WiMi's total revenues during the same years. This acquisition is expected to create synergies in technology and market coverage, bolstering WiMi's position in AI and cloud computing.

WiMi Hologram Cloud Inc. (Nasdaq: WIMI), a leader in augmented reality in China, announced the upcoming launch of its new Mixed Reality head-mounted display, the 'WiMi Hologram Soft Light', set for release by the end of 2020. This product aims to meet the growing customer demand for MR displays and features enhancements in color management, user experience, and device compatibility, supported by SONY's image processing technology. WiMi plans to leverage its technical expertise and expand its market share as 5G adoption accelerates, laying a foundation for long-term shareholder value.

WiMi Hologram Cloud, Inc. (NASDAQ: WIMI) has announced its partnership with ICR, LLC, a strategic communications firm, to enhance its investor relations program. CEO Shuo Shi emphasized the aim of increasing disclosure transparency and improving communication with shareholders. ICR's expertise in U.S. capital markets is expected to help WiMi articulate its vision and raise its corporate profile. WiMi is a leader in augmented reality services in China, operating a platform with over 4,654 AR holographic contents and achieving significantly faster image processing rates than competitors.

WiMi Hologram Cloud, Inc. (NASDAQ: WIMI) announced on October 19, 2020, the formation of a new subsidiary, VIYI Technology Inc., to enhance its AI algorithm and cloud computing services. VIYI will be led by CEO Yi Chengwei, previously WiMi's CTO. The focus will be on low latency cloud computing and expanding data services for various applications. Additionally, Shuo Shi has been appointed CEO following Fanhua Meng’s resignation. With over ten years of experience, Shi aims to leverage existing assets and create value for shareholders amidst rapid market growth.

WiMi Hologram Cloud Inc. (NASDAQ: WIMI) announced the successful closing of its public offering of 7,560,000 American Depositary Shares (ADSs) at $8.18 each, raising approximately $61.84 million. The company plans to use the proceeds for research and development in holographic AR technologies, strategic acquisitions, and general corporate purposes. Participants include institutional investors, notably WB Online Investment Limited, affiliated with Weibo Corporation. The offering was facilitated by The Benchmark Company LLC and FT Global Capital Inc.

WiMi Hologram Cloud Inc. (WIMI) has announced a public offering of 7,560,000 American Depositary Shares at $8.18 each, aiming for a total of $61,840,800. This offering is set to close on July 29, 2020, with participation from institutional investors including WB Online Investment Limited, an affiliate of Weibo Corporation. The offering is managed by The Benchmark Company LLC and FT Global Capital Inc. WiMi operates the largest holographic AR platform in China and has a diverse content library, with image processing capabilities significantly faster than industry averages.