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The Combination of Venus Acquisition Corporation and Viyi Algorithm Inc Increased Its Revenue by 176.8% in 2020


NEW YORK, June 10, 2021 Venus Acquisition Corporation (Nasdaq: VENA) (“Venus”), a publicly traded particular objective acquisition firm, and VIYI Algorithm Inc. (“VIYI Algo”), a Cayman Islands exempted firm managed by WiMi Hologram Cloud, Inc., introduced immediately that they’ve entered right into a definitive merger settlement. A newly created merger subsidiary of Venus can be merged with and into VIYI Algo with VIYI Algo being the surviving entity and changing into an entirely owned subsidiary of Venus. Upon closing of the transaction, Venus will change its identify to MicroAlgo Inc.

According to the CIC Report, as of 2020, VIYI has captured 5% of the market share for central processing algorithm providers supplied to web commercial and on-line gaming acceleration industries.

VIYI is ideally positioned to develop its income shortly as a number one central processing algorithm service supplier. According to the CIC Report, VIYI is the one firm amongst its opponents to supply central processing algorithm service options in each web commercial and on-line recreation acceleration industries. As a end result, since 2017, VIYI’s income progress has been rising on a cumulative foundation, particularly, VIYI has achieved a year-on-year income progress fee of 31.9% in 2018, 52.6% in 2019, and 176.8% in 2020.

VIYI’s numerous vary of prospects from a number of industries is proof that its central processing algorithm expertise is extremely versatile, which permits VIYI to make sure a continuing stream of income from numerous sources. VIYI primarily offers central processing algorithm options to enterprise prospects in three business verticals: web commercial, gaming, and clever chips, which translate to a variety of prospects together with commercial integration businesses, recreation builders and distributors, electronics producers, web info infrastructure service suppliers, and clever chip designers and integrators. Having the aptitude to service prospects from a variety of industries works to VIYI’s benefit as a result of it might derive enterprise from a number of business sources to make sure a stream of income even when one business faces downturns.

Generally, the central processing algorithm providers of VIYI obtain computing energy acceleration, digital light-weight processing, and clever knowledge administration and processing. These enhancements assist VIYI’s prospects develop and improve their companies’ operational high quality and total effectivity. Currently, VIYI’s central processing algorithm options have the next functions to its present core prospects:

  • For prospects in the web commercial business, VIYI’s proprietary central processing algorithms permit them to successfully optimize commercial content material, match web visitors, and ship focused commercials to extend conversion fee;
  • For prospects in the gaming business, VIYI offers a platform for distributing video games augmented by cloud-based software program and {hardware} optimization and acceleration, dynamic video games advertising and marketing based mostly on gamer desire, and light-weight knowledge processing options to extend VIYI’s prospects’ income;
  • For prospects in the clever chip business, VIYI offers value-added knowledge processing options and optimized {hardware} for extra environment friendly knowledge providers, selling VIYI’s prospects’ effectivity in growing new applied sciences.

For extra info on how VIYI offers providers to its prospects, please see “Business — VIYI’s Business Model.”

In addition, as a result of versatility of VIYI’s central processing algorithm options and VIYI’s confirmed dedication to analysis and growth, VIYI is well-positioned to proceed rising its buyer base to succeed in prospects from a broader vary of industries which are reforming the best way they do enterprise because of this of the quickly growing info expertise, prevalence of smartphones and 5G connectivity, AI, large knowledge, IoT and cloud computing. According to the CIC Report, business verticals reminiscent of authorities, finance, healthcare, manufacturing, schooling, and cultural media demand higher knowledge processing and administration capabilities from an web commercial perspective. VIYI believes that its extremely versatile central processing algorithm options can be ideally suited to fulfill these calls for. For extra info on VIYI’s growth plans, please additionally see “Business — VIYI’s Strategies — VIYI plan to expand its central processing algorithm solutions to cover more applications and different industries.”

VIYI is devoted to the event and software of bespoke central processing algorithms. VIYI offers complete options to prospects by integrating central processing algorithms with software program or {hardware}, or each, thereby serving to them enhance the quantity of prospects, enhance end-user satisfaction, obtain direct price financial savings, scale back energy consumption, and obtain technical targets. The vary of VIYI’s providers embody algorithm optimization, accelerating computing energy with out the necessity for {hardware} upgrades, light-weight knowledge processing, and knowledge intelligence providers. VIYI’s means to effectively ship software program and {hardware} optimization to prospects by bespoke central processing algorithms serves as a driving power for VIYI’s long-term growth.

Central processing algorithms check with a variety of computing algorithms, together with analytical algorithms, suggestion algorithms, and acceleration algorithms. According to the CIC Report, companies engaged in web commercial, recreation growth, clever chip design, finance, retail, and logistics rely on the flexibility to effectively course of and analyze knowledge with optimized computing software program and {hardware} succesful of dealing with the information workload. Bespoke central processing algorithms appropriate to every buyer’s distinct wants assist them obtain this objective.

Currently, VIYI is concentrated on growing and delivering central processing algorithm options to prospects engaged in web commercial and gaming, and clever chips. Moreover, VIYI’s buyer base is quickly rising as a result of enhance in a normal demand for extra environment friendly knowledge processing in numerous industries pushed by the rising web inhabitants and prevalence of AI. According to the CIC Report, income of central processing algorithm providers derived from web commercial and on-line gaming alone has grown from RMB 2.2 billion in 2016 to RMB 6.9 billion in 2020, representing a CAGR of 32.7%. This market is anticipated to take care of a fast progress development, increasing at a CAGR of 15% throughout the interval from 2020 to 2025 in phrases of greenback worth.

In the mid-to-long time period, VIYI will proceed to stick to its strategic mindset. By enhancing upon every iteration of VIYI’s one-stop clever knowledge administration options made potential by its proprietary central processing algorithm providers, VIYI may also help prospects to boost their service effectivity and make mannequin improvements in enterprise, and actively improve the business worth of the central processing algorithm providers in the final subject of knowledge clever processing business.

Tailor Insight (www.TailorInsight.com) offers simple and fast options that permit prospects to seize, monitor, and audit market knowledge from a holistic view all the way down to a person job on market analysis and business development insights.




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