HONG KONG, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Recently, TickerWin, the leading market research firm, has released a research report "VIYI Algorithm's Scene Solutions: Internet Advertising, Games, Smart Chips, Will Be Listed Together with Venus". According to the CIC Report, revenue of central processing algorithm services derived from internet advertisement and online 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 expected to maintain a rapid growth trend, expanding at a CAGR of 15% during the period from 2020 to 2025.
Effective central processing algorithm solutions can empower downstream industries experiencing high demand for data analysis and computing power optimization, which applies to internet advertising, internet game applications, finance, retail, logistics, and other industries. Because of huge downstream demands, the overall market of central processing algorithm services is enormous.
According to the report, VIYI Algorithms, Inc. ("VIYI Algo"), a Cayman Islands exempted company operating in China, announced that it would go public through a merger with Venus Acquisition Corporation, a special purpose Acquisition Company (SPAC). In connection 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 completed in the third quarter of 2021.
VIYI is dedicated to the development and...
Read Full Story: https://www.globenewswire.com/news-release/2021/08/31/2289236/0/en/VIYI-Algorithm-s-Scene-Solutions-Internet-Advertising-Games-Smart-Chips-Will-Be-Listed-Together-with-Venus.html
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.