Subscriber Discussion

Looking For Information On Remark Holdings

Being asked by a customer for facial rec and people counting technology from this company. Website is full of stock photos and buzzwords. Just wondered if IPVM had run across this company before.

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Hikvision camera with interface made by them. I saw them in action

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The company has one amazing stock chart:

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And they evidently own bikini.com. They also own KanKan, an AI platform that I assume is based on the Chinese character 看 (kan) to see.

From their website, here is their most recent presentation from the end of 2018. Most recent 10Q I found was Q3 2019, with declining revenue:

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The company seems vaguely familiar but I find no other reference to them or KanKan on IPVM. I asked Joey to look into them.

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Undisclosed Manufacturer #1,

This is what we know, so far:

  • Remark Holdings CEO Kai-Shing Tao announced "Shipments and Implementations Have Begun in the United States and Japan" on its family of AI Thermal Solutions.
  • The announcement preceded a 2-week period of stock increase, that since began to decline on May 12.
  • The Thermal Kit (TK-1) is described as a standalone or all-inclusive solution, including "bi-spectral thermal camera", "mounted tablet device", "thermal kiosk", and a "centralized control system for real-time video and audible alerts".

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  • Undisclosed Manufacturer #1 also asked about facial rec and people counting offerings, and KanKan AI's website claims an "independent deep learning algorithm". These are some unverified marketing stats:

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This is what we don't know, so far:

  • Out of the hardware pieces, which original manufacturer(s) are used or are they relabelling or manufacturing any parts in-house?
  • Is their facial-recognition algorithm actually developed in-house? Are they also developing or integrating their VMS?
  • How many units have they shipped to the U.S. and Japan, and how many are they selling in the next 1 to 3 months?
  • What are the prices for the all-inclusive solution, thermal cameras, tablet, and VMS subscription?
  • The company disclosed a partnership with Walmart and Remark's digital health portfolio company Sharecare to "improve the health of the retail giant's associates", on May 8. We are not yet able to verify any specifics of the deal or determine Walmart's other potential partners they are testing for employee health. However, they claim that they will give associates access to the Sharecare app for "timely and actionable steps to improve their health".
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Thank you for the update!

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Btw, this 2018 Wired article has information on Remark Holdings: This US Firm Wants to Help Build China’s Surveillance State | WIRED

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Update: NY Post: Barstool’s Dave Portnoy slammed by short-seller over Remark stock.

Shortseller Wolfpack Research posted:

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Below is Wolfpack's video:

I don't know if Day Trader Davey is a comedian or not but a sample video from him below:

We do not plan to cover / do a post on this for now but as the situation evolves we may.

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Maybe he was in Vegas, staying at all the Casino's to do live demonstrations of his proprietary US Made product? It is Vegas after all. Can he write off those expenses?

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New article on them: A surveillance AI firm with hidden ties to China is seeking US infrastructure contracts

Remark Holdings, whose AI-based surveillance technologies have deep but mostly hidden ties to China, already has a partnership with a Florida high-speed rail provider. Now, the company wants to pursue additional U.S. infrastructure projects.

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