Insta360 Founder's Complaint and Product Updates

TapTechNews August 15th news, Liu Jingkang, the founder of Insta360, complained in his WeChat Moments that he hasn't received the approval document for IPO since the on-site verification in 2022, and he hasn't received any regulatory persuasion to withdraw during this period, asking the relevant departments to make a fair determination.

Liu Jingkang's 'late-night sentiment' has sparked quite a bit of discussion in the industry. In response, Liu Jingkang posted again today and responded that he 'doesn't ask for the approval document, just wants to objectively clarify'. In addition, he also mentioned that Insta360 has 5 new products to be released this year.

As TapTechNews knows, Insta360 has so far released many new products such as X4, Go3S, and FlowPro. Insta360 of Ying Shi has a revenue of nearly 4 billion yuan in 2023, with a year-on-year increase of nearly 100%.

Ying Shi launched the Insta360 sports camera X4 on April 16 this year, with an initial price of $549.99. This sports camera weighs 7.2 ounces and is equipped with a 72MP F/1.9 CMOS (equivalent to 16mm), which can continuously record 135 minutes of 5.7K 60FPS panoramic video, and also supports recording 8K 30FPS/4K 100FPS video. It comes with 33 feet of waterproof, is equipped with Flowstate anti-shake technology, and is equipped with a 2290 mAh battery, and can record up to 135 minutes of video at most.

Insta360 of Ying Shi also released the new generation of 4K thumb camera GO3S on June 13 this year, starting from $249.99 for a single camera. This camera is equipped with a newly upgraded high-performance chip, which increases the CPU computing power by 50%, and is also equipped with a new wide-angle lens that can shoot 4K 30fps video, and the number of pixels is almost doubled compared to GO3's 2.7K.