Golden Path Acquisition Corporation intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2018 and is based in New York, New York.
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- Qualcomm for holographic augmented reality.
- Unity for holographic digital twins.
- A B2B provider of holographic AR technology, similar to what powers Microsoft's HoloLens.
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- Holographic AR Advertising Services: Provides holographic augmented reality advertising solutions for various industries.
- Holographic AR Entertainment Services: Develops and offers holographic augmented reality content and applications for the entertainment sector.
- Holographic AR Technology Solutions: Offers specialized holographic augmented reality technology platforms and software for enterprise clients.
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MicroCloud Hologram (HOLO) primarily sells its holographic technology services to other companies, operating on a business-to-business (B2B) model. Their offerings include holographic AR content, technology services, and SDK technical support.
According to their public filings, MicroCloud Hologram's major customers are primarily categorized as:
- Third-party internet companies
- Advertising agencies
- Content providers
MicroCloud Hologram does not publicly disclose the specific names of its major customer companies. Therefore, specific company names and their corresponding stock symbols cannot be provided. Their customer base typically consists of diverse entities within these categories rather than a few predominantly large, publicly traded corporations whose names would be explicitly identified.
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MicroCloud Hologram (HOLO) Management Team:
Guohui Kang, Chief Executive Officer & Director
Mr. Kang has served as the Chief Executive Officer and Director of MicroCloud Hologram Inc. since September 2022. Prior to this, he was the chief executive officer of Shanghai Mengyun Holographic Technology Co., Ltd. starting in 2016. From 2011 to 2016, he served as the general manager of Haotian Investment Co., Ltd. Earlier in his career, from 2002 to 2010, he was the sales manager and director of Shenzhen Qixin Technology Co., Ltd., and from 1999 to 2002, he worked as a refrigeration system design engineer at Guangdong Midea Group. He graduated from Wuhan University of Technology in 1999.
Bei Zhen, Chief Financial Officer
Ms. Zhen has been the Chief Financial Officer of MicroCloud Hologram Inc. since September 2022. In October 2019, she founded Shenzhen Aixi Culture Communication Co., Ltd., where she also served as chief executive officer. Her experience includes serving as the director of the Corporate Finance Department in Sun Hung Kai Financial Group from December 2015 to October 2019. Before that, from April 2012 to December 2015, she worked in the Fund Department of Shenzhen Innovation Investment Group Co., Ltd. From July 2011 to February 2012, she was an assistant to the chief executive officer of the Global Asset Management Department of HSBC.
Guolong Qi, Chief Operating Officer
Mr. Qi serves as the Chief Operating Officer of MicroCloud Hologram Inc.. He has an average tenure of 3.2 years within the management team.
Jianbo Zhou, Chief Technology Officer
Mr. Zhou has been serving as the Chief Technology Officer of MicroCloud Hologram Inc. since September 2022. Before joining MicroCloud Hologram, he served as the chief executive officer of Shenzhen Bowei Vision Technology Co., Ltd. in 2018. From July 2005 to September 2010, Mr. Zhou was involved in the development of the WCDMA Base Station System with ZTE, contributing to the commercial deployment of the 3G system in various locations, including Hong Kong and France, for China Unicom. He also developed several patents during this time.
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The clear emerging threat to MicroCloud Hologram (HOLO) is the **rapid development and increasing market dominance of comprehensive augmented reality (AR) and mixed reality (MR) platforms by major technology companies.**
Companies such as Apple (with products like the Apple Vision Pro), Meta (with its Quest series and metaverse investments), and Microsoft (with HoloLens) are investing billions into creating sophisticated AR/MR hardware, expansive software ecosystems, developer tools, and content distribution channels. As these platforms mature and achieve broader consumer and enterprise adoption, they are establishing the dominant standards and infrastructure for immersive digital experiences.
HOLO, which provides specialized "holographic AR solutions and advertising services," operates within this broader AR landscape. However, if these major platforms become the primary gateway for AR experiences, HOLO could face significant challenges. Businesses and advertisers may increasingly choose to build AR applications and advertisements directly within these dominant ecosystems due to their vast user bases, comprehensive development support, and established distribution channels, potentially marginalizing niche or independent providers like HOLO whose proprietary solutions may struggle to integrate or compete effectively against such powerful and integrated offerings. This parallels how the emergence of comprehensive smartphone platforms like Apple's iOS ecosystem fundamentally threatened more specialized mobile players like Research in Motion's BlackBerry, which lacked a comparable broad platform appeal and developer support.
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MicroCloud Hologram (HOLO) operates within the broad and rapidly expanding holographic technology market, offering a range of products and services, including holographic software and hardware solutions, holographic LiDAR for intelligent automotive systems (ADAS), holographic digital twin technology, holographic cloud data processing, and intelligent visual services.
The addressable markets for MicroCloud Hologram's main products and services can be primarily identified within the global holographic display and digital holography markets:
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Global Holographic Display Market: This market is projected to be valued at approximately USD 5.1 billion in 2025 and is expected to grow to USD 28.5 billion by 2034, demonstrating a Compound Annual Growth Rate (CAGR) of 21.0% from 2025 to 2034. Another estimate places the global holographic display market size at USD 10.25 billion in 2024, with a projection to reach USD 107.24 billion by 2033 at a CAGR of 29.8% from 2025 to 2033.
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U.S. Holographic Display Market: Within the United States, the holographic display market is estimated at USD 1.6 billion in 2025 and is anticipated to grow to USD 7.9 billion by 2034, with a CAGR of 19.7%. North America as a whole is projected to hold the largest share of the global holographic display market by the end of 2025, with an estimated 36.5% market share.
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Global Digital Holography Market: This broader market, which includes various holographic applications beyond just displays, was estimated at USD 4.38 billion in 2024 and is projected to reach approximately USD 24.57 billion by 2034, growing at a CAGR of 18.82% from 2025 to 2034. Another report estimates the global digital holography market size at USD 4.22 billion in 2024, expected to reach USD 12.3 billion by 2030, with a CAGR of 20.3% from 2025 to 2030.
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North America Digital Holography Market: North America held a significant share of the global digital holography market, with an estimated 33.5% revenue share in 2024 and 41% in 2023.
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MicroCloud Hologram (HOLO) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
- Increased Demand for Holographic Solutions: The company has experienced a substantial surge in revenue from its holographic solutions, attributed to growing customer demand. This trend is anticipated to continue, contributing to future revenue.
- Strategic Investments in Emerging Technologies: MicroCloud Hologram plans to invest over $400 million in cutting-edge areas such as quantum computing, quantum holography, blockchain development, and AI/AR technologies. These aggressive investments aim to establish a leading position in these sectors and introduce new products and services.
- Expansion of Holographic Digital Human GPT Applications: The company intends to broaden the application of its Holographic Digital Human GPT technology into various industries, including aerospace, automotive manufacturing, and healthcare. This expansion into new markets with advanced AI-driven conversational systems is a significant growth driver.
- Global Market Expansion: MicroCloud Hologram has articulated plans to expand its global footprint, indicating efforts to reach new international markets and increase its customer base worldwide.
- Advancement of Core Holographic Technology Services: The company continues to focus on the development and application of its core holographic technology services, including holographic Light Detection and Ranging (LiDAR) solutions, digital twin technology, and holographic vehicle intelligent vision technology for advanced driver-assistance systems (ADAS). Sustained growth in these specialized offerings will bolster revenue.
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Here is a summary of MicroCloud Hologram's capital allocation decisions over the last 3-5 years:
Share Issuance
- On February 2, 2024, the company effected a 1-for-10 reverse stock split.
- An additional 1-for-20 reverse stock split occurred in October 2024.
- Effective April 21, 2025, a 1-for-40 reverse share split was implemented.
- In March 2025, shareholders approved an increase in authorized share capital from US$10,000,000 divided into 12,500,000 shares to US$400,000,000 divided into 500,000,000 shares.
- The company issued $14,000,000 in Unsecured Convertible Promissory Notes on March 13, 2024.
- An additional $18,000,000 aggregate principal amount of Unsecured Convertible Promissory Notes were issued on April 22, 2024.
- MicroCloud Hologram's quarterly shares outstanding increased from 1.36 million in December 2024 to 14.57 million in June 2025, indicating new share issuances during that period.
Outbound Investments
- As of July 11, 2025, MicroCloud Hologram purchased up to $200 million in Bitcoin and cryptocurrency-related securities derivatives.
- By August 11, 2025, the cumulative investment returns from these crypto assets reached $40.45 million.
- The company plans to deploy over US$400 million from its cash reserves to aggressively invest in quantum computing, blockchain, and quantum holography technologies.
Capital Expenditures
- MicroCloud Hologram projects very low capital expenditures, with plans for approximately CNY 1 million annually from 2025 to 2029.
- The company may extend inter-company loans or make additional capital contributions to its wholly foreign-owned subsidiaries in China to fund their capital expenditures or working capital.
