Just read an article on 22nd Aug from Roc Tian - SVP Appen...

Just read an article on 22nd Aug from Roc Tian - SVP Appen China, he quoted Morgan Stanley and Goldman Sachs research, that the potential Chinese Metaverse market is around 800 billion US dollars, and their AR/ VR industry will reach 95billion US dollars annually by 2025.

Dr Tian was commenting on relationship between AI and AR/VR while promoting Appen China with their over 1000 employees. His comment was published on PR newswire before China host international AI exhibition next week, followed by other AI events in coming months. The summary of his talk is Appen China will grow in line and become part of the trend of Chinese AR boom.

The message received from the article is Appen’s competence may not standout in current US economic situation, but it’s well established Chinese branch is in hottest area now, with rare competition in that market at least till 2022/2023. I am not overwhelmed at the growth of Appen Chinese, this thing may grow a leg or become a key factor in the next couple of months. At the end of the inflation term when everyone else’s spending back to normal, APX should at least prove their business is lucrative and go back to 1b MC, which is the reason for investors to hang on.