VIYI Algorithm, A Leading Provider of Algorithm Services, Has $47.17 Million in Annual Revenue From Its Merger With Venus

Venus Acquisition Corporation (Nasdaq: VENA) (“Venus”), a publicly traded particular goal acquisition firm, and VIYI Algorithm Inc. (“VIYI Algo”), a Cayman Islands exempted firm managed by WiMi Hologram Cloud, Inc. (NASDAQ: WIMI), introduced as we speak that they’ve entered right into a definitive merger settlement. A newly created merger subsidiary of Venus will probably be merged with and into VIYI Algo with VIYI Algo being the surviving entity and changing into a completely owned subsidiary of Venus. Upon closing of the transaction, Venus will change its title to MicroAlgo Inc.

According to the CIC Report, as of 2020, VIYI has captured 5% of the market share for central processing algorithm companies 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 offer central processing algorithm service options in each web commercial and on-line recreation acceleration industries. As a consequence, since 2017, VIYI’s income development has been rising on a cumulative foundation, particularly, VIYI has achieved a year-on-year income development fee of 31.9% in 2018, 52.6% in 2019, and 176.8% in 2020.

VIYI’s numerous vary of clients from a number of industries is proof that its central processing algorithm know-how is extremely versatile, which permits VIYI to make sure a relentless stream of income from numerous sources. VIYI primarily supplies central processing algorithm options to enterprise clients in three trade verticals: web commercial, gaming, and clever chips, which translate to a variety of clients together with commercial integration businesses, recreation builders and distributors, electronics producers, web data infrastructure service suppliers, and clever chip designers and integrators. Having the potential to service clients from a variety of industries works to VIYI’s benefit as a result of it could possibly derive enterprise from a number of trade sources to make sure a stream of income even when one trade faces downturns.

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

For clients in the web commercial trade, VIYI’s proprietary central processing algorithms enable them to successfully optimize commercial content material, match web visitors, and ship focused commercials to extend conversion fee;

For clients in the gaming trade, VIYI supplies a platform for distributing video games augmented by cloud-based software program and {hardware} optimization and acceleration, dynamic video games advertising and marketing primarily based on gamer choice, and light-weight information processing options to extend VIYI’s clients’ income;

For clients in the clever chip trade, VIYI supplies value-added information processing options and optimized {hardware} for extra environment friendly information companies, selling VIYI’s clients’ effectivity in creating new applied sciences.

For extra data on how VIYI supplies companies to its clients, please see “Business — VIYI’s Business Model.”

In addition, because of the versatility of VIYI’s central processing algorithm options and VIYI’s confirmed dedication to analysis and improvement, VIYI is well-positioned to proceed rising its buyer base to succeed in clients from a broader vary of industries which might be reforming the way in which they do enterprise because of this of the quickly creating data know-how, prevalence of smartphones and 5G connectivity, AI, large information, IoT and cloud computing. According to the CIC Report, trade verticals comparable to authorities, finance, healthcare, manufacturing, training, and cultural media demand higher information processing and administration capabilities from an web commercial perspective. VIYI believes that its extremely versatile central processing algorithm options will probably be ideally suited to fulfill these calls for.

VIYI derives its income primarily from (i) central processing algorithms companies for the web commercial and web gaming industries and (ii) clever chips and companies, together with software program improvement.

VIYI’s income from central processing algorithms for the yr ended December 31, 2020 was RMB 307.8 million, which represents a rise of RMB 196.6 million, or 176.8%, from VIYI’s whole revenues of RMB 111.2 million for the yr ended December 31, 2019. VIYI’s gross revenue for the yr ended December 31, 2020 was RMB 125.2 million, representing a rise of RMB 61.1 million, or 95.3%, from RMB 64.1 million for the yr ended December 31, 2019. VIYI’s internet revenue for the yr ended December 31, 2020 was RMB 91.5 million, representing a rise of RMB 48.1 million, or 110.7%, from RMB 43.4 million for the yr ended December 31, 2019.

Effective central processing algorithm options can empower downstream industries experiencing excessive demand for information evaluation and computing energy optimization, which applies to web promoting, web recreation purposes, finance, retail, logistics, and different industries. Because of enormous downstream calls for, the general market of central processing algorithm companies is big.

According to the CIC Report, income of central processing algorithm companies 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 development development, increasing at a CAGR of 15% through the interval from 2020 to 2025. VIYI believes that its place as an trade chief in a fast-growing market with favorable trade traits will tremendously profit VIYI in reaching sustainable and fast development in the longer term.

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