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+0.88%
Close of 9 Nov 2026, in USD
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About MicroAlgo
From its filings with the US Securities and Exchange Commission
MicroAlgo is based in New York, New York and is incorporated in Cayman Islands. Its shares trade on Nasdaq under the ticker MLGO. The SEC classifies its business as computer programming services. In the fiscal year to 31 December 2022, it reported revenue of $87.1m and a net loss of $7.0m. At that date it held total assets of $72.1m and shareholders' equity of $66.8m.
MicroAlgo Inc. (“MicroAlgo” or the “Company”) (f/k/a Venus Acquisition Corporation (“Venus”)), a Cayman Islands exempted company, entered into the Business Combination and Merger Agreement dated June 10, 2021 (as amended on January 24, 2022, August 2, 2022, August 3, 2022 and August 10, 2022, the “Merger Agreement”), by and among WiMi Hologram Cloud Inc. (“WiMi” or the “Majority Shareholder”), Venus, Venus Merger Sub Corporation (“Venus Merger Sub”), a Cayman Islands exempted company incorporated for the purpose of effectuating the Business Combination (as defined herein), and VIYI Algorithm Inc. (“VIYI”), a Cayman Islands exempted company.
Pursuant to the terms of the Merger Agreement, the Company effected a business combination with VIYI through the merger of Merger Sub with and into VIYI, with VIYI surviving as the surviving company and as our wholly-owned subsidiary. In connection with the closing of the Business Combination, the Company changed its name to MicroAlgo Inc.
Our mission is to transform the digital economy by making the way our customers do business more efficiently.
We are dedicated to the development and application of bespoke central processing algorithms. We provide comprehensive solutions to customers by integrating central processing algorithms with software or hardware, or both, thereby helping them increase the number of customers, improve end-user satisfaction, achieve direct cost savings, reduce power consumption, and achieve technical goals.
Quoted from its 10-K, filed 29 Mar 2023. Read the filing on SEC.gov ↗
Company facts
- Sector
- Information Technology
- Industry
- IT Services
- Listed since
- 11 Feb 2021
- Employees
- 71
- Head office
- 340 MADISON AVENUE,19TH FLOOR, NEW YORK, NY, 10173
- Incorporated in
- E9
- Classification
- Services-Computer Programming Services
- Filer status
- Non-accelerated filer<br>Emerging growth company
Leadership
Pay as last reported
- Mr. Jie ZhaoChairman of the Board of Directors, since 2022
- Mr. Min ShuChief Executive Officer, Executive Director, since 2022
- Mr. Li HeChief Financial Officer$34,460
- Ms. Shan CuiIndependent Director
- Mr. Wengang KangIndependent Director$3,920
- Ms. Haixia ZhaoIndependent Director$287
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- MicroAlgo Inc employs 125 full-time employees in New York City.
- VIYI Algorithm Inc develops bespoke central processing algorithms for clients.
- The company provides algorithm optimization services to enterprise customers.
Weaknesses
- MicroAlgo Inc operates as a holding company with limited direct operations.
- The business description text ends abruptly without full details.
- Only three industry verticals are mentioned for customer segments.
Opportunities
- VIYI Algo helps customers increase the number of customers significantly.
- The company offers lightweight data processing to improve efficiency.
- Acceleration algorithms allow computing power increases without hardware upgrades.
Threats
- MicroAlgo Inc listed its shares on 11 February 2021.
- The company operates in the competitive Information Technology sector.
- VIYI Algo must integrate algorithms with software or hardware.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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