HONG KONG, Sept. 03, 2021 (Globe NEWSWIRE) — Not long ago, TickerWin, the top marketplace analysis agency, has introduced a exploration report “VIYI Algorithm, with Top Custom-made Central Processing Algorithm Products and services, Its Annual Profits Amplified by 176.8%”. The central processing algorithm services is a company centered on a sequence of algorithms like analytical algorithms, advice algorithms and acceleration algorithms, which can empower downstream industries with higher demand from customers for facts evaluation and computing energy optimization, and use to world-wide-web advertising and marketing, net activity purposes, finance, retail, logistics and other industries. In view of big downstream demands, the overall industry of central processing algorithm products and services is substantial. Main gamers in the central processing algorithm assistance field involve digital marketing and advertising provider companies, on-line video game assistance providers and algorithm alternative service suppliers.
With the immediate enhancement of the laptop or computer market and the online sector and the boost of web penetration amount in China, the range of internet buyers and world wide web facts in China have greater drastically. The internet sector is the major software industry for central processing algorithm expert services, and net applications’ need for computing energy are escalating.
According to the report,VIYI Algorithms, Inc. (“VIYI Algo”), a Cayman Islands exempted company working in China, announced that it would go general public by a merger with Venus Acquisition Corporation, a particular reason Acquisition Enterprise (SPAC). In link with the transaction, VIYI algorithms is valued at $400 million. Upon completion of the transaction, Venus will be renamed MicroAlgo Inc. The listing merger will be done in the third quarter of 2021.
VIYI is committed to the enhancement and application of bespoke central processing algorithms. VIYI delivers comprehensive solutions to clients by integrating central processing algorithms with program or components, or the two, to streamline their digital products and services for conclusion-end users or technological progress reasons, thereby aiding them improve the quantity of clients, make improvements to conclusion-user pleasure, accomplish direct value cost savings, reduce electric power intake, and achieve technological plans. The vary of VIYI’s products and services incorporates algorithm optimization, accelerating computing energy without the will need for components updates, lightweight data processing, and info intelligence providers. VIYI’s capacity to effectively supply software program and components optimization to VIYI’s shoppers through bespoke central processing algorithms serves as a driving drive for VIYI’s extended-expression enhancement.
VIYI’s total revenues improved by roughly RMB 196.6 million, or 176.8%, from around RMB 111.2 million for the yr ended December 31, 2019, to around RMB 307.8 million (USD 47.2 million) for the yr finished December 31, 2020, owing to an increase of about RMB 38.6 million (USD 5.9 million) in central processing algorithm support earnings, and an raise of about RMB 158. million (USD 24.2 million) in clever chips and providers profits. Around 78.6% of the raise in smart chips and solutions profits was because of to the acquisition of Fe-da Electronics.
VIYI generates revenues when VIYI completes its efficiency obligation to provide associated solutions based mostly on the particular phrases of the contract, which are normally centered on a particular action, e.g., cost for every perception (“CPM”) for on-line display screen. In excess of 90% of VIYI’s contracts with these shoppers are centered on the CPM charging design. Revenues generated from cell online games incorporate royalty payments from licensee operators of VIYI’s cellular game titles and service fees collected from match developers for working with VIYI’s game portal. VIYI’s central processing algorithm solutions income improved by around RMB 38.6 million, or 34.7%, from somewhere around RMB 111.2 million for the 12 months finished December 31, 2019, to about RMB 149.8 million (USD 23. million) for the year finished December 31, 2020. This maximize was mostly attributable to the increase in the selection of impressions as a final result of enhancement from VIYI’s algorithm solution.
Intelligent chips and companies revenues consist of revenues created from the resale of clever chips. VIYI generates revenues when the command of products and solutions is transferred to buyers, as evidenced by customers’ signed acceptances. VIYI also generates revenues from program progress. VIYI layouts program for central processing units based mostly on customers’ precise requirements. Revenues from software growth are recognized over time throughout the enhancement interval.
VIYI commenced producing revenue from the resale of clever chips and linked software program advancement in September 2020 and also through our acquisition, which amounted to approximately RMB 158. million (USD 24.2 million) for the 12 months ended December 31, 2020. VIYI expects that as the demand for personalized optimizations by way of VIYI’s proprietary algorithms grows, VIYI’s clever chips and services income will carry on to develop. For semiconductor software methods connected to algorithm optimization, VIYI options to combine algorithm optimization application demand from customers situations, give corresponding central processing algorithm alternatives to fulfill industry need, and promote the application and popularization of algorithm optimization engineering in the semiconductor field.
Industry chief in slicing edge know-how protected by intellectual house legal rights
The CIC Stories indicates that VIYI is the industry chief in phrases of the quantity of intellectual house. As of May well 25, 2021, VIYI owns 370 proprietary mental home rights, which include things like 273 copyrights of which 270 are software program copyrights, 37 patents, 23 registered logos, 18 exceptional legal rights for the structure structure of built-in circuit, and 19 domain names. The large amount of mental home at VIYI’s disposal as in comparison to VIYI’s opponents exemplifies VIYI’s dedication to investigate and enhancement and lengthy-time period development.
VIYI leverages its fixation on keeping in the forefront of technological improvement to enable customers examine remedies and requirements that are yet to be discovered. VIYI then gives proprietary central processing algorithm remedies to fulfill those people requires.
There are other corporations addressing a variety of aspects/verticals of the central processing algorithm provider market in the PRC. The central processing algorithm support sector is remarkably fragmented and evolving. With respect to VIYI’s central processing algorithm solutions, VIYI competes against other providers engaged in very similar services like VIYI.
VIYI believes the principal competitive aspects in VIYI’s current market are:
• company and products and solutions characteristics and functionality
• ability for customization, configurability, integration, safety, scalability, and reliability
• excellent of systems and investigation and improvement capabilities
• skill to innovate and quickly respond to buyer requires
• the breadth of use circumstances supported
• diversified customer base
• interactions with important individuals in VIYI’s customers’ field verticals
• adequate cash assist
• platform extensibility and skill to integrate with emerging technologies these kinds of as AI and cloud computing and
• manufacturer recognition and popularity.
VIYI thinks it competes favorably on the basis of the previously mentioned aspects nonetheless, VIYI expects competitiveness to intensify in the long term. VIYI’s means to keep on being aggressive will mostly count on the top quality of its programs, the efficiency of VIYI’s gross sales and marketing endeavours, the quality of VIYI’s buyer provider, and VIYI’s potential to receive or establish complementary technologies, goods, and enterprises to increase the features and operation of VIYI’s programs.
China’s increased demand for central processing algorithm services in world wide web ad and the on the web video game business.
Powerful central processing algorithm options can empower downstream industries going through high need for data examination and computing electricity optimization, which applies to internet advertising, internet activity applications, finance, retail, logistics, and other industries. Simply because of huge downstream needs, the overall marketplace of central processing algorithm expert services is huge.
In accordance to the CIC Report, revenue of central processing algorithm providers derived from world wide web advertisement and on-line gaming by itself has grown from RMB 2.2 billion in 2016 to RMB 6.9 billion in 2020, representing a CAGR of 32.7%. This current market is envisioned to maintain a fast advancement craze, expanding at a CAGR of 15% for the duration of the period of time from 2020 to 2025. VIYI believes that its position as an sector leader in a rapidly-rising market with favorable market tendencies will tremendously reward VIYI in acquiring sustainable and rapid development in the long run.
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Terry Chan, Head of Study Dept
TickerWin Market Study
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