Clps Incorporation Stock Price, News & Analysis

CLPS Incorporation (NASDAQ: CLPS) announced the establishment of CLPS Technology (Philippines) Corp. in Metro Manila as part of its global expansion strategy in Southeast Asia. This subsidiary aims to support international clients and penetrate the domestic financial IT market. Following the acquisition of Ridik, CLPS has also designated Singapore as its Southeast Asia headquarters. The company appointed Srustijeet Mishra as director and president of CLPS Philippines, emphasizing the goal of enhancing service delivery to clients and exploring further opportunities for growth in the region.

CLPS Incorporation (Nasdaq: CLPS) announced the completion of a Capital Increase Agreement with Minshang Creative Technology Holdings Limited, giving them a 53.33% stake in MSCT Investment Holdings Limited. This partnership will focus on developing a next-generation loan trading SaaS solution and exploring global fintech services. The software, designed for personal loans and mortgages, is expected to launch in Hong Kong and Southeast Asia by early 2022, with expansion into Japan and the U.S. planned thereafter.

CLPS Incorporation (Nasdaq: CLPS) has released a letter to shareholders detailing its commitment to transparency, corporate governance, and global expansion. The company reported a 53.9% increase in overseas revenue, reaching $6.6 million for the six months ending December 31, 2020. CLPS has formed strategic partnerships, including a joint venture in blockchain technology and cooperation agreements for financial software in Southeast Asia. The company emphasizes sustainable growth while thanking its stakeholders for their support.

CLPS Incorporation (Nasdaq: CLPS) announced a strategic investment, acquiring a 15% ownership stake in Beijing UniDev Software Co., Ltd. through its subsidiary ChinaLink Professional Services. This partnership aims to enhance CLPS's IT solution delivery capabilities, focusing on digital transformation solutions for banks and companies in Mainland China. Both companies intend to collaborate on R&D for technology-based products, which is expected to drive revenue and expand market share domestically and internationally.

CLPS Incorporation (Nasdaq: CLPS) has announced a joint venture with Columbus Century Development Co. to develop blockchain-based digital asset solutions for financial institutions. The deal, formalized on June 4, 2021, stipulates a shareholding structure of 55% for CLPS and 45% for Columbus. This venture aims to integrate blockchain technology with CLPS's big data capabilities, enhancing digital asset services such as custody, trading, and NFT distribution. This partnership is expected to reduce operational costs for financial institutions and accelerate technology adoption in the sector.

CLPS Incorporation (Nasdaq: CLPS) announced a strategic partnership with Minshang Creative Technology Holdings Limited (MCT) on May 24, 2021. This collaboration aims to develop next-generation loan trading software and enhance global financial technology services. Under a Capital Increase Agreement, CLPS will acquire a 53.33% stake in MSCT Investment Holdings Limited, owning the software's intellectual property. The improved software will target markets in Hong Kong and Southeast Asia, bolstering CLPS's competitive edge and accelerating its overseas technological innovation.

CLPS Incorporation (Nasdaq: CLPS) announced its participation in two upcoming virtual investor conferences. The Pan-Asia Regional Investor Conference 2021 will take place from June 2-4, 2021, and the Lytham Partners Summer 2021 Investor Conference will be held from June 14-16, 2021. Participation is by invitation only, and interested parties can schedule one-on-one meetings through designated representatives. CLPS specializes in IT consulting for the banking, insurance, and financial service sectors, with multiple delivery centers globally.

CLPS Incorporation (Nasdaq: CLPS) announced progress on its robotic process automation (RPA) solutions, highlighting significant improvements in operational efficiency for clients, particularly in sectors like finance and logistics. Since 2018, CLPS has developed RPA solutions that streamline operations, reduce costs, and enhance transaction accuracy. The company aims to integrate artificial intelligence with RPA, as the demand for digital transformations rises. CLPS continues to innovate in RPA technology while maintaining its commitment to delivering customized services to clients.

CLPS Incorporation (Nasdaq: CLPS) announced significant updates regarding its global expansion strategy on April 15, 2021. The company established a subsidiary in the Philippines, enhancing its presence in Southeast Asia, where it reported a 53.9% increase in overseas revenue to $6.6 million for the six months ended December 31, 2020. Amidst the COVID-19 pandemic, CLPS maintained operational stability while providing IT services in the fintech sector. Additionally, the company is pursuing mergers and acquisitions to support business growth.