亿: "亿万" refers to a number, specifically one hundred million (a "wan" being ten thousand, and "yi" being ten thousand times that), though in ancient times it denoted one hundred thousand. It generally signifies an immense quantity, symbolizing wealth and prosperity, and carries the implication of hoping to attain a life of glory, riches, and honor.
南: In the southern direction lies a metaphor for lofty aspirations and grand ideals, embodying the wish for dreams to come true.
Meaning: The name signifies vastness and ambition, carrying a lofty vision for the world.