|Over a week ago|
CLPS wins bid for bank card processing services company » 08:0411/1611/16/20
CLPS Incorporation announced that it has won the IT services provider bid for a well-known bank card processing services company in China. CLPS, through its Shanghai subsidiary, and the Client have signed the Procurement of IT Services Provider Agreement. Both parties have agreed to cooperate in the development, operation, maintenance, and testing of the bank card issuance core system and peripheral value-added products, as well as in providing consulting and data analysis services.
|Over a quarter ago|
CLPS signs partnership agreement with China-listed financial IT company » 08:0406/1206/12/20
CLPS announced that it…
CLPS announced that it has signed a Memorandum of Cooperation with a Chinese company listed on one of the domestic Chinese stock exchanges. The Partner is an established financial IT company in China and one of China's leading financial asset risk management solution providers. As such, the Partner has maintained high market share in its sector for many years. Through the Memorandum, CLPS and its Partner have agreed to leverage each other's advantages and resources, including advanced technology research efforts, new product development and promotion, information technology and management talent training initiatives, domestic and overseas market business development, and financial IT project delivery. In addition, both parties will explore joint investment opportunities going forward.
CLPS says 'growth strategies remain unaffected' by COVID-19 outbreak » 07:0303/2003/20/20
CLPS announced that its…
CLPS announced that its growth strategies remain unaffected by the global outbreak of the coronavirus disease since January. In addition, as part of the effort to combat the COVID-19 global outbreak, CLPS has enhanced its support to its clients in the healthcare industry. At the same time, CLPS remains well-equipped to meet the growing demand of its services. Upon learning about the outbreak in January, CLPS took the initiative to establish an internal COVID-19 Outbreak Response Group to minimize the impact of COVID-19 and to ensure the safety of its staff. Spearheaded by the Chairman of the company, 20 additional management staff have proactively participated in this initiative, including the CEO, the COO, the acting CFO, the general manager of each business group, and the functional department heads. Since its founding, the response group has routinely monitored employee health through the "CLPS Staff Health Status Tracking Questionnaire" daily health survey, powered by an independent cloud-based application. The survey helps management understand the necessary preparations and arrangements to be made before and after a staff member returns to work based on the information provided in the survey, the availability of the Company's medical resources, and local government policies, among others. As of the date of this press release, CLPS has zero confirmed cases of COVID-19 amongst its staff. In addition, at the height of the COVID-19 outbreak in China, CLPS enhanced its level of support for services provided to its clients in the healthcare industry, such as in the areas of research and development, testing, and maintenance of diagnostic medical imaging equipment including PHILIPS and AGFA. CLPS remains committed to its social responsibilities and is dedicated to fighting against the COVID-19 outbreak. Paul Yang, Chairman and President of CLPS, commented, "CLPS has taken progressive precautionary measures to ensure that our staff are protected against the novel coronavirus while doing our best to optimize our operations. I am confident that through cooperative and prudent action, we can soon overcome this outbreak. This ongoing crisis has not affected the growth strategies of CLPS thus far. We remain on track to delivering on our growth strategies, and I would like to extend my gratitude to our shareholders for their unwavering support during this challenging time."
CLPS establishes Qinson Credit Services subsidiary » 07:0402/0402/04/20
CLPS announced that it…
CLPS announced that it established a new company, Qinson Credit Card Services, a wholly-owned subsidiary based in Hong Kong, on December 31, 2019, to cater to the credit card service demands of the financial industry. The establishment of this subsidiary is in-line with the Company's strategic business development plan. By integrating the Company's credit card service resources and its in-depth knowledge and successful applications of advanced technologies such as big data, blockchain, and robotic process automation, Qinson Credit Card is well positioned to provide clients a full range of credit card services and to meet growing demand from new application scenarios and innovations in the credit card business.
CLPS establishes California subsidiary » 08:4301/3001/30/20
CLPS established CLPS…
CLPS established CLPS Technology, in San Francisco, California, on January 2. The formation of CLPS California is part of the company's 2020 global expansion strategy, which focuses on the U.S. market.
CLPS jumps over 60% after integrating Singapore subsidiaries » 11:3012/2412/24/19
On Monday, CLPS announced…
On Monday, CLPS announced that it has recently completed the business integration of Infogain and RiDiK , its two subsidiaries in Southeast Asia, into the Company's Singapore Division. After the integration, CLPS Singapore is expected to achieve total revenue growth of over 200% year over year for fiscal year 2020. CLPS Singapore's financial growth rate is forecasted to be in the double-digit percentage point after fiscal year 2020 due to strong demands for fintech services in Southeast Asia. CLPS acquired Infogain and RiDiK, both Singapore-based IT services providers, in August 2018 and September 2019, respectively. The integration of the two subsidiaries enables the Company to achieve overall management and operational efficiency, provide exemplary services to clients, drive overseas business expansion, enhance the Company's share of IT services in the Southeast Asia market, and support the Company's future international business development. Mr. Henry Li, Chief Operating Officer of CLPS, commented, "The Company remains committed to its international business expansion strategy. We believe that CLPS Singapore will further enhance our competitiveness in serving the Southeast Asia market and will serve as a gateway to our global expansion." Shares of CLPS are up $2.65 per share or 60.5% in a shortened session on Tuesday to $7.03 per share.