WiMi Hologram Cloud

WiMi Hologram Cloud, Inc. offers augmented reality based holographic services and products. It operates through the following segments: AR Advertising services, AR Entertainment, and Semiconductor Business. The AR Advertising services segment uses holographic materials which are integrated into advertisement on the online media platforms or offline display. The AR Entertainment segment mainly include three sub categories: SDK payment channel services, software development and mobile games operations and technology developments. The Semiconductor segment includes sale of products and sale of software. The company was founded in May 2015 and is headquartered in Chaoyang, China.

WiMi Hologram Cloud, Inc. engages in the provision of holographic services and products. It operates through the following segments: AR Advertising Services, AR Entertainment, and Semiconductor Business. The company was founded in May 2015 and is headquartered in Chaoyang, China.

BEIJING, Aug. 24, 2021 /PRNewswire/ -- WIMI Hologram Cloud (NASDAQ: WIMI), a leading holographic AR application technology provider in China, today announced the establishment of the "Holographic Metaverse Division" to develop the underlying Metaverse holographic technology and to explore the "next generation Internet". Metaverse reflects human beings' exploration of the essence of things and the origin of the universe, and their pursuit of an idealized world.

WIMI Announces the Establishment of The Holographic Metaverse Division, Laying out the Metaverse Underlying Holographic Technology Research And Development

BEIJING, July 28, 2021 /PRNewswire/ -- WiMi Hologram Cloud Inc. (Nasdaq: WIMI) ("WiMi" or the "Company"), a leading Hologram Augmented Reality ("AR") Technology provider, today announced that it has won the "2021 Best Growth Value" award (the "Award") at the 10thannual China Finance Summit (the "CFS"). The Company received the Award as a result of its strong brand influence and the public's excellent evaluation of the Company.

WiMi Wins "2021 Best Growth Value" Award at the 10th Annual China Finance Summit

BEIJING, June 10, 2021 /PRNewswire/ -- WiMi Hologram Cloud, Inc. ("WiMi" or the "Company") (NASDAQ: WIMI) today announced that WiMi, VIYI Algorithm Inc., ("VIYI Algo"), a company controlled by WiMi, and Venus Acquisition Corporation (Nasdaq: VENA) ("Venus"), a publicly traded special purpose acquisition company, have entered into a definitive merger agreement. A newly created merger subsidiary of Venus will be merged with and into VIYI Algo with VIYI Algo being the surviving entity and becoming Venus's wholly owned subsidiary.

WiMi Hologram Cloud Inc. Announces Merger of VIYI Algorithm Inc. and Venus Acquisition Corporation

BEIJING, May 25, 2021 /PRNewswire/ -- WiMi Hologram Cloud Inc. (Nasdaq: WIMI) ("WiMi" or the "Company"), a leading Hologram Augmented Reality ("AR") Technology provider, today announced that it won the "2020-2021 Advanced Unit in Science and Technology Innovation" award at the 18th China Scientist Forum. The Company received the award based on its excellence in technological innovation achievement and the public's exceptional evaluation of the Company.

WiMi Hologram Wins "2020-2021 Advanced Unit in Science and Technology Innovation" Award at 18th China Scientist Forum

BEIJING, April 29, 2021 /PRNewswire/ -- WiMi Hologram Cloud Inc. (Nasdaq: WIMI) ("WiMi" or the "Company"), a leading Hologram Augmented Reality ("AR") Technology provider, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the Securities and Exchange Commission (the "SEC"). The Company reported that its revenues increased by approximately RMB 446.8 million, or 140.0 %, from approximately RMB 319.2 million for the year ended December 31, 2019 to approximately RMB 766.0 million (US$ 117.4 million) for the year ended December 31, 2020.The Company reported non-GAAP net income, which is defined as net income (loss) before the impact of stock compensation expenses, of RMB 40.3 million (US$ 6.2 million) for the year ended December 31, 2020.

WiMi Hologram Reports 140.0% Year-over-Year Revenue Growth to US$ 117.4 million in 2020

BEIJING, April 27, 2021 /PRNewswire/ -- WiMi Hologram Cloud Inc. (Nasdaq: WIMI) ("WiMi" or the "Company"), a leading Hologram Augmented Reality ("AR") Technology provider, today announced that it has obtained a patent for head-mounted display (HMD) for holographic AR systems. This patent is the result of the independent research and development, which is conducive to further improve the intellectual property protection system, maintain the leading position in technology and enhance the core competitiveness of the Company.

WiMi announced the patent of holographic AR head-mounted display, by using retina scanning display (RSD) and semi-permeable membrane array planar waveguide technology

The stock price of WiMi Hologram Cloud Inc (NASDAQ: WIMI) increased by over 3% during intraday trading. This is why it happened.

WIMI Stock: Over 3% Increase Intraday Explanation

BEIJING, April 23, 2021 /PRNewswire/ -- WiMi Hologram Cloud Inc. (Nasdaq: WIMI) ("WiMi" or the "Company"), a leading Hologram Augmented Reality ("AR") Technology provider, today announced that it has obtained a patent (the "Patent") for its holographic real-time imaging system with atomized particle sizes between 2μm to 4μm. The Patent has demonstrated the ongoing progress of WiMi's independent R&D efforts and enabled WiMi to further refine its IP protection system, fortify its technology leadership, and enhance its core competitiveness.

WiMi Hologram Obtains Patent for Holographic Real-Time Imaging System with Atomized Particle Sizes between 2μm to 4μm

BEIJING, April 13, 2021 /PRNewswire/ -- WiMi Hologram Cloud Inc. (Nasdaq: WIMI) ("WiMi" or the "Company"), a leading Hologram Augmented Reality ("AR") Technology provider, today announced that it has established a partnership with an electronic subsidiary of Toyota Group ("Toyota"). Toyota was the world's largest automaker by total revenues in 2020 and is the world's first automaker to produce more than 10 million vehicles in a year.

WiMi Hologram Announces Partnership with Electronic Subsidiary of Toyota Group

The stock price of WiMi Hologram Cloud Inc (NASDAQ: WIMI) increased by 8.02% yesterday. This is why it happened.

WIMI Stock Price Increased 8.02%: Why It Happened

BEIJING, April 1, 2021 /PRNewswire/ -- WiMi Hologram Cloud Inc. (Nasdaq: WIMI) ("WiMi" or the "Company"), a leading Hologram Augmented Reality ("AR") Technology provider, today announced that its electric vehicle ("EV") holographic AR product "WiMi HoloAR HUD" has obtained a Federal Communications Commission ("FCC") certification to enter the U.S. market. The certification documents state that the exterior designs, data transmission protocols, and radiation patterns of "WiMi HoloAR HUD" have been tested and certified by the FCC.

WiMi Announces that its Holographic AR Product "WiMi HoloAR HUD" Has Been Approved by the FCC to Enter the U.S. Market

BEIJING, March 25, 2021 /PRNewswire/ - WiMi Hologram Cloud Inc. (Nasdaq: WIMI) ("WiMi" or the "Company"), a leading Hologram Augmented Reality ("AR") Technology provider, today announced that it closed a registered direct offering of an aggregate of 11,173,335 units at a purchase price of US$7.50 per unit for a total offering size of approximately US$83.8 million. Each unit consists of one American Depositary Share (the "ADS"), each representing two Class B ordinary shares of the Company, and 0.4 warrant to purchase one ADS at an exercise price of US$8.60 per ADS, subject to adjustments.

WiMi Hologram Cloud Inc. Announces Closing of $83.8 million Registered Direct Offering

Management is diluting shareholder value at an alarming rate.

Why WiMi Hologram Cloud Got Crushed Today

Hologram Augmented Reality Technology provider WiMi Hologram Cloud Inc (NASDAQ: WIMI) inked an agreement with institutional investors to sell 11.2 million ADS at $7.5 per unit to raise $83.8 million in gross proceeds under an institutional offering. The offer price signified a 14.7% discount to the March 22 closing price of $8.79.

WiMi Hologram Cloud Raises $83.8M Via Institutional Share Sale In Private Offering At 15% Discount

BEIJING, March 23, 2021 /PRNewswire/ -- WiMi Hologram Cloud Inc. (Nasdaq: WIMI) ("WiMi" or the "Company"), a leading Hologram Augmented Reality ("AR") Technology provider, today announced that it entered into securities purchase agreements with certain institutional investors in connection with a registered direct offering of an aggregate of 11,173,335 units at a purchase price of US$7.50 per unit for a total offering size of approximately US$83.8 million. Each unit consists of one American Depositary Shares (the "ADSs"), each representing two Class B ordinary shares of the Company, and 0.4 warrant to purchase one ADS at an exercise price of US$8.60 per ADS, subject to adjustments.

WiMi Hologram Cloud Inc. Announces Pricing of $83.8 million Registered Direct Offering

BEIJING, March 22, 2021 /PRNewswire/ -- WiMi Hologram Cloud Inc. (Nasdaq: WIMI) ("WiMi" or the "Company"), a leading Hologram Augmented Reality ("AR") Technology provider, today announced that it has obtained a patent for an optical holography waveform generation device (the "Patent") to accelerate the industry-wide application of its 3D holographic pulse LiDAR. The Patent is a result of the WiMi's independent research and development and will allow the Company to further improve its intellectual property protection system, solidify its technology leadership, and strengthen its core competitiveness.

WiMi Hologram Obtains a Patent for Optical Holography Waveform Generator to Accelerate LiDAR Industry Application of Its 3D Holographic Pulse LiDAR

China's holographic AR market has huge growth potential with roughly 80% annual growth rates expected over the coming years. New holographic AR applications offer ample opportunities for WiMi Hologram Cloud.

WiMi Hologram Cloud: Huge Ambitions In Explosive Holographic Augmented Reality Sector

BEIJING, March 16, 2021 /PRNewswire/ -- WiMi Hologram Cloud Inc. (Nasdaq: WIMI) ("WiMi" or the "Company"), a leading Hologram Augmented Reality ("AR") Technology provider, today announced its plans to develop WiMi HoloPulse LiDAR, its 3D holographic pulse laser processing device. The Company made the decision to begin the product development process in light of the strong market demand that it has observed from several of its industry application customers since it obtained the patent for its 3D holographic pulse laser processing device.

WiMi Hologram Announces Plans to Develop WiMi HoloPulse LiDAR, Its 3D Holographic Pulse Laser Processing Device

The stock price of WiMi Hologram Cloud Inc (NASDAQ: WIMI) has increased by over 15% pre-market. This is why it happened.

WIMI Stock Price Increases Over 15% Pre-Market: Why It Happened

BEIJING, March 11, 2021 /PRNewswire/ -- WiMi Hologram Cloud Inc. (Nasdaq: WIMI) ("WiMi" or the "Company"), a leading Hologram Augmented Reality ("AR") Technology provider in China, today announced its partnership with China Telecom iCartoons. Under the partnership, the Company will provide holographic virtual social media, live streaming, education, and other holographic virtual solutions to the online platform for original comic content operated by China Telecom iCartoons.

WiMi Hologram Cloud Announces Partnership with China Telecom iCartoons

Hong Kong, March 03, 2021 (GLOBE NEWSWIRE) -- Recently, IDC released the "IDC Global Augmented Reality and Virtual Reality Spending Guide." IDC predicts that the scale of global spending on the AR/VR market will reach $12.07 billion in 2020, a year-on-year increase of 43.8%.

Bank of America holds shares of WIMI Hologram Cloud, the first share of "holographic AR" is favored by Wall Street

BEIJING, March 1, 2021 /PRNewswire/ -- WiMi Hologram Cloud Inc. (Nasdaq: WIMI) ("WiMi" or the "Company"), a leading Hologram Augmented Reality ("AR") Technology provider in China, today announced a strategic cooperation with the Dream Classroom program of China Education Television....

WiMi Cooperates With China Education Television in Holographic Education, Serving Nearly 100 Million Teachers and Students in Rural Areas

BEIJING, Feb. 19, 2021 /PRNewswire/ -- WiMi Hologram Cloud Inc. (Nasdaq: WIMI) ("WiMi" or the "Company"), a leading Hologram Augmented Reality ("AR") Technology provider in China, today announced that it has won the bid for the second phase of China Mobile AND Media Cloud Platform's...

WiMi Wins Bid for Second Phase of China Mobile AND Media Cloud Platform's Remote Interaction Holographic Project

BEIJING, Feb. 5, 2021 /PRNewswire/ -- WiMi Hologram Cloud Inc. (Nasdaq: WIMI) ("WiMi" or the "Company"), a leading Hologram Augmented Reality ("AR") Technology provider in China, today announced the launch of its new electric vehicle ("EV") holographic AR application product "WiMi HoloAR...

WiMi Announces Release of EV Holographic AR Application Product "WiMi HoloAR HUD"

You'll never guess how President Barack Obama fits into this crazy day.

News for WiMi Hologram Cloud Stock (WIMI)