In the last trading session, the stock price of Remark Holdings Inc (NASDAQ:MARK) gained more than 10% to close the day at $9.76. More recently, Remark issued its financial report for the quarter closed September 30, 2017. Kai-Shing Tao, the CEO and Chairman, expressed that he is delighted to post record revenue growth for Q3 2017. They started advancement on their KanKan Data Intelligence Platform nearly four years ago and have turned a pioneer in the field of Artificial Intelligence. Following their accomplishments in Artificial Intelligence, the company is currently starting to reap the rewards. They are well positioned to venture into the next stage of hyper-growth.
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By using their AI competitive benefits, they have set meaningful associations with international corporations like Sina Weibo and Acxiom. Acxiom has chosen the KanKan AI Platform to offer data-rich, targeted and actionable intelligence solutions for its customer base. Meanwhile, Sina Weibo has executed the KanKan 3D Facial Feature Tracking know-how in the recent release of its 3D augmented reality mobile application with the objective of leading sales by considerably enriching the shopping experience. The application utilizes their industry major “110-dot 3D” Facial Feature Tracking to offer Sina Weibo’s customers the most interactive and accurate 3D AR experience possible.
Tao added that in addition, Remark have finalized two important deals for their KanKan AI Platform. Sefon has awarded a contract to KanKan that uses their powerful computer Object Recognition know-how to fight intellectual property piracy. This know-how can automatically index and tag live and archived video content through real time object recognition.
Also, the China FDA will implement KanKan’s Facial Feature Tracking & Object Recognition know-how to confirm restaurant industry acquiescence with food safety guidelines. Primarily, it will be introduced in Shanghai and subsequently move to other cities to target the around 8 million restaurants across China.
