WiMi Hologram Cloud gains on U.S. nod for VR device

WiMi Hologram Cloud

28/03/2022 14:46

** U.S.-listed shares of Chinese augmented reality firm
 WIMI.O  rise 8.4% to $2.85
    ** WIMI says its virtual reality (VR) head-mounted display
product for consumer market, WIMI HoloVR, has been approved by 
Federal Communications Commission to enter U.S. market
 urn:newsml:reuters.com:*:nPn9m6Nhsa
    ** Co says its device is expected to be main entry point for
new metaverse holographic VR technology in communication, social
and entertainment interactions
    ** More than 3.4 mln shares have traded so far, ~303.6% of
their 30-DMA volume of 1.1 mln shares
    ** Shares are down 6.1% for the year

 (Reporting by Devik Jain in Bengaluru)
 ((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6182 2062; ;))