| WiMi Turned an Annual Loss into a Significant Profit, with Cash Reserves Reaching a Record High |
Beijing, April 22, 2025 (GLOBE NEWSWIRE) -- WiMi Turned an Annual Loss into a Significant Profit, with Cash Reserves Reaching a Record High BEIJING, April 22, 2025/ - 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, 2024, with the Securities and Exchange Commission (the “SEC”). The company reported that its operation result made a significant turnaround, transitioning from a net loss of around RMB 510.4 million in 2023 to a net income of approximately RMB 103.3 million (USD 14.4 million) in 2024. |
globenewswire.com |
2025-04-22 13:00:00 |
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| WiMi Files Its Annual Report on Form 20-F |
BEIJING , April 22, 2025 /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, 2024, with the Securities and Exchange Commission (the "SEC"). The company reported that its operation result made a significant turnaround, transitioning from a net loss of around RMB 510.4 million in 2023 to a net income of approximately RMB 103.3 million (USD 14.4 million) in 2024. |
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2025-04-22 12:00:00 |
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| WiMi Hologram Cloud Inc. to Hold Extraordinary General Meeting on March 25, 2025 |
BEIJING , Feb. 24, 2025 /PRNewswire/ -- WiMi Hologram Cloud Inc. (Nasdaq: WIMI) ("WiMi" or the "Company"), a leading AR services provider in China, today announced that it will (i) terminate the Deposit Agreement dated March 20, 2020, among the Company, JPMorgan Chase Bank N.A. (the "Depositary"), and the holders of American depositary shares (the "ADSs") from time to time, effective April 2, 2025, and (ii) hold its extraordinary general meeting of shareholders (the "EGM") at Room#1508, 4th Building, Zhubang 2000 Business Center, No. |
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2025-02-24 08:00:00 |
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| WiMi Announces the Launch of AI Applications Based on the AI Open-Source Model DeepSeek |
BEIJING , Jan. 27, 2025 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WiMi) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that they are developing a series of innovative AI applications based on the advanced AI open-source model DeepSeek. This move marks WiMi's deep strategic investment and active exploration in the field of artificial intelligence, aiming to integrate DeepSeek's powerful capabilities to provide users with a more intelligent and personalized service experience. |
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2025-01-27 11:10:00 |
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| WiMi Develops FPGA-Based Homogeneous and Heterogeneous Digital Quantum Coprocessors |
BEIJING , Jan. 7, 2025 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WiMi) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that the development team, by leveraging the flexibility and programmability of FPGAs, has proposed an innovative solution: an FPGA-based digital quantum coprocessor. This solution aims to overcome the limitations of existing quantum hardware and advance the development of quantum computing technology. |
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2025-01-07 17:45:00 |
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| WiMi Develops Quantum Error Mitigation Technology Based on Machine Learning |
BEIJING , Dec. 23, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WiMi) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced the development of an innovative solution: Machine Learning-based Quantum Error Suppression Technology (MLQES). This technology not only breaks through the error bottleneck in quantum computing but also demonstrates the potential to enhance the accuracy of quantum circuits through classical control and hybrid computing methods, without requiring additional quantum resources. |
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2024-12-23 11:00:00 |
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| WiMi Develops FPGA-Based Digital Quantum Computer Verification Technology |
BEIJING , Dec. 18, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WiMi) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that their R&D team has developed a revolutionary technology — FPGA-based digital quantum computer verification technology. This technology offers a completely new approach to quantum computing by using digital quantum bits, or discrete finite state machines. |
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2024-12-18 11:00:00 |
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| WiMi Develops a New Design Solution for Simulating Quantum Computing Concepts Using FPGA |
BEIJING , Dec. 17, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WiMi) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that they announced the development of a new design solution based on FPGA to simulate quantum computing concepts, aiming to provide a more practical and feasible approach for quantum computing research and applications. Quantum computing is based on the principles of quantum mechanics and operates using qubits, offering the potential to surpass classical computers in solving certain specific problems. |
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2024-12-17 10:30:00 |
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| WiMi Explores Blockchain-Based Distributed Collaborative Computing |
BEIJING , Dec. 11, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WiMi) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that they are exploring an innovative solution: a blockchain-based distributed collaborative computing architecture specifically designed for in-vehicle digital twin networks. This architecture cleverly integrates the decentralized nature of blockchain with the simulation and predictive capabilities of digital twins, aiming to address the challenges of resource collaboration and decision-making in the Internet of Vehicles (IoV). |
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2024-12-11 12:40:00 |
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| WiMi Explores a Blockchain Sharding Storage Model for Multi-View Applications |
BEIJING , Nov. 27, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WiMi) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that they are exploring a blockchain sharding storage model optimized specifically for the storage needs of multi-view data. Sharding storage is an advanced architecture in blockchain technology that divides the blockchain network into multiple independent "shards," with each shard responsible for processing and storing a portion of the data. |
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2024-11-27 12:30:00 |
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| WiMi Researches Consensus Algorithms for Blockchain-based Internet of Things Applications |
BEIJING , Nov. 20, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WiMi) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that they are actively exploring consensus algorithms for blockchain-based Internet of Things (IoT) applications, aiming to address the compatibility issues between IoT devices and blockchain networks. The consensus algorithm for blockchain-based Internet of Things applications can be dynamically adjusted based on the specific requirements of the IoT. |
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2024-11-20 12:30:00 |
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| WiMi Developed a Decentralized Cloud Manufacturing Model Based on Blockchain(BC) |
BEIJING , Nov. 11, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, has developed a decentralized cloud manufacturing model based on blockchain (BC), called Decentralized Cloud Manufacturing Application (DCMApp). DCMApp utilizes the decentralized and immutable nature of blockchain to facilitate protocol and communication between resource providers and clients through blockchain-based smart contracts (SC). |
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2024-11-11 10:00:00 |
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| WiMi Researches Reinforcement Learning-Based Blockchain Federated Learning Framework to Optimize Model Aggregation Strategy and Security |
BEIJING , Nov. 8, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WiMi) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced the initiation of exploring the integration of Reinforcement Learning (RL) into the federated learning framework. RL, as a significant branch of machine learning, has become a crucial tool for optimizing the federated learning process due to its decision-making capabilities in complex environments. |
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2024-11-08 12:30:00 |
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| WiMi is Working on a Blockchain-Enhanced Federal Learning Privacy-Preserving Mechanism |
BEIJING , Nov. 1, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it is working on the Federal Learning on Blockchain (FLoBC), aiming to address two core challenges in the current data science field by integrating cutting-edge advances with blockchain technology and federated learning. The two challenges are data privacy protection and efficient training of large-scale machine learning models. |
prnewswire.com |
2024-11-01 13:00:00 |
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| WiMi Announced the Cluster-Based Sharding Blockchain Strategy Used for IoT Collaborative Computing |
BEIJING , Oct. 24, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that cluster-based sharding blockchain strategy can be used for collaborative computing in the Internet of Things. The cluster-based sharding blockchain strategy is a distributed system designed to improve scalability and processing by partitioning the blockchain network into multiple smaller "slices" or "shards". |
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2024-10-24 14:30:00 |
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| WiMi Hologram Cloud Inc. reports H1 2024 revenue and profit growth, significant cash reserve improvement |
BEIJING , Oct. 15, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced its unaudited financial results for the six months ended June 30, 2024. Financial Highlights for the Six Months Ended June 30, 202 4 Our total revenues increased by approximately RMB 26.1 million, or 10%, from approximately RMB 264.8 million for the six months ended June 30, 2023 to approximately RMB 290.8 million (USD 40.8 million) for the six months ended June 30, 2024. |
prnewswire.com |
2024-10-15 12:00:00 |
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| WiMi Announced a Machine Learning-Based Blockchain Hybrid Consensus Algorithm |
BEIJING , Oct. 14, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced a machine learning-based blockchain hybrid consensus algorithm that aims to improve the security and trust of the blockchain system. It also optimizes the consensus process through intelligent prediction, anomaly detection and adaptive learning to improve blockchain network performance and reduce resource consumption. |
prnewswire.com |
2024-10-14 14:50:00 |
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| WiMi Announced a Federated Learning Framework Based on Layered and Sharded Blockchain Technology |
BEIJING , Oct. 11, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced a federated learning framework based on layered and sharded blockchain technology, which can solve multiple key issues in federated learning, including information interaction, data security and privacy protection, computational efficiency, and system scalability by combining layered and sharded blockchain technologies to achieve more efficient and secure data collaboration. In the federated learning framework based on layered and sharded blockchain technology, the IoT network is finely divided into a multi-layer structure, and each layer is subdivided into multiple shards, aiming to optimize the information interaction and processing efficiency. |
prnewswire.com |
2024-10-11 15:40:00 |
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| WIMI develops glasses product "WiMi HoloAR Lens" to enhance wearable user experience |
BEIJING , Sept. 26, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced the release of "WiMi HoloAR lens", an augmented reality (AR) headset for the consumer market, to further strengthen the hardware and software development of the underlying holographic technology and to expand the user experience of holographic AR technology in the wearable field. |
prnewswire.com |
2024-09-26 13:00:00 |
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| WiMi Developed a Blockchain-Based Integrated Architecture for Security Maintenance in Cloud Computing |
BEIJING , Sept. 19, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it integrated cloud computing and blockchain technology, and developed a blockchain-based integrated architecture for security maintenance in cloud computing, aiming to create an ecosystem of cloud services that are both efficient and secure, providing a solid guarantee for data integrity and reliability. |
prnewswire.com |
2024-09-19 13:30:00 |
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| WiMi Developed a Blockchain Empowered Asynchronous Federated Learning for Optimizing Model Training |
BEIJING , Sept. 9, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it developed a blockchain-based asynchronous federated learning (BAFL). |
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2024-09-09 14:30:00 |
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| WiMi Hologram Cloud Announced an Identity Management Model Based on Blockchain |
BEIJING , Aug. 23, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that its R&D team delved into the application potential of blockchain in the field of identity management. The decentralized nature of blockchain as an open distributed ledger offers the possibility of constructing a secure, transparent, and tamper-proof trust management system. |
prnewswire.com |
2024-08-23 15:00:00 |
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| WiMi Developed a Payment Channel Rebalancing Model for Layer-2 Blockchain |
BEIJING , Aug. 8, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it developed a layer-2 blockchain payment channel rebalancing model technology. By building an additional protocol layer on top of the main chain, the layer-2 network aims to increase transaction speed and reduce costs without sacrificing the security of the main chain. |
prnewswire.com |
2024-08-08 14:40:00 |
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| WiMi Announced a Secure and Trusted Collaborative Learning Based on Blockchain for IoT |
BEIJING , Aug. 6, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced a blockchain-based trusted collaborative learning (TrusCL) framework for IoT which is a solution for the privacy-preserving and computational requirements of collaborative learning in AIoT environments. The TrusCL framework is combined with Homomorphic Encryption (HE) and Differential Privacy (DP) techniques, both of which are significant in the field of data protection and privacy enhancement. |
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2024-08-06 13:00:00 |
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| WiMi Announced a Blockchain-based Framework for Secure Data Sharing in Smart Cities |
BEIJING , July 29, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced a blockchain-based privacy security protection framework will provide an innovative solution for secure data sharing and collaboration in smart cities, which not only integrates the advantages of decentralization, transparency, and immutability of blockchain technology, but also deeply integrates a variety of advanced encryption and authentication technologies, aiming to establish a sharing ecosystem for IoT data in smart cities that is both secure and efficient, and to ensure IoT data security and integrity. In the blockchain-based privacy and security protection framework, a decentralized network is first created through a secure initialization process where all participating IoT devices and users are subject to strict authentication and registration. |
prnewswire.com |
2024-07-29 13:00:00 |
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