DolphinOne 2.0 launches worldwide on the App Store — and Virtual Mind disclosed no users, revenue, or pricing

• Who: Virtual Mind Holding Company Limited (Stock Code: 1520), listed in Hong Kong and incorporated in the Cayman Islands; the platform was built by its subsidiary Dolphinode Company Limited.
• What: DolphinOne 2.0, a multimodal AI creation and intelligent-agent platform, launched globally on the Apple App Store.
• When: The voluntary announcement is dated 20 October 2026; music-generation integration and testing are complete, with rollout following the service launch schedule.
• Capabilities: Image generation, video creation, music generation, digital humans, and AI agents with natural-language-driven creative task orchestration across mainstream models.
• Not disclosed: No registered users, paying subscribers, revenue, costs, pricing, or expected financial impact; enterprise talks are preliminary with no finalized material contracts.

What DolphinOne 2.0 actually does

DolphinOne is positioned as a multimodal AI creation and intelligent-agent platform focused on multi-model integration and application scenario development. Version 2.0 integrates multiple mainstream AI models and generative AI services spanning image generation, video creation, music generation, digital humans, and intelligent agents — a one-stop creation experience for individual users and a technical base for enterprise content solutions, per TipRanks’ summary of the company announcement.

The platform’s AI music generation technical integration and testing have been completed, with music content generation being promoted according to the service launch schedule. Its AI Agent feature handles natural-language-driven creative task arrangement — picking models and invoking image and video creation tools based on what the user asks for.

From invitation-only 1.0 to a global launch

The jump is significant. Version 1.0 was limited to basic technical logic and feasibility studies, open only by invitation to specific users and creative partners. Version 2.0 is now available worldwide on the Apple App Store — though the company notes that actual available functions are subject to version, region, and service availability arrangements.

DolphinOne has been steadily attracting users from domestic and international markets, and version 2.0 will open to more creators and business partners as the team refines features and user experience, with the Group planning to drive adoption through global marketing.

No numbers — explicitly

The voluntary announcement, dated 20 October 2026, is striking for what it refuses to claim: no revenue, no user numbers, no subscription pricing, no financial forecasts. No registered users, no paying subscribers, no costs, no expected financial impact. The business plans and development directions described do not constitute a guarantee of future financial performance or commercial results.

Revenue ideas are all future-tense: individual user subscriptions, enterprise service subscriptions, customised AI solutions, and related technical services. TipRanks lists Virtual Mind’s current market capitalisation at HK$591.6M, with average trading volume of 914,357 and a technical sentiment signal of “Sell” — figures from the market, not the company, which is precisely the point.

Enterprise ambitions, preliminary talks

The Group has initiated preliminary business discussions with several potential enterprise clients around AI content creation, digital marketing, virtual digital humans, and enterprise intelligent agent solutions. These collaborations remain in negotiation and have not constituted any finalized material commercial contracts. The announcement states there can be no guarantee of eventual cooperation or revenue generation.

And the risk section doesn’t sugarcoat the road ahead: DolphinOne is still in continuous product optimisation, market expansion, and commercialisation development, with future performance exposed to market competition, user demand, third-party model supply, technology costs, and enterprise customer conversion. Functions are being rolled out in phases against development, testing, and service-release schedules.

Why this matters

Listed-company AI launches are equal parts product marketing and securities disclosure — and the disclosure side is where DolphinOne 2.0 stands out. A voluntary announcement that says “no metrics” out loud is rarer, and more honest, than the genre usually manages. Virtual Mind itself reflects the pivot economy of Hong Kong small caps: formerly CEFC Hong Kong Financial Investment, it changed its name in March 2022 and now sells itself as an AI platform company.

The real test is the one the announcement can’t answer yet: whether a multi-model creation app with no disclosed traction can convert preliminary enterprise chatter into contracts. Watch for further announcements on DolphinOne business development, the phased rollout of music generation, and any disclosure of user or subscription metrics — the numbers the company chose not to give this time.