HONG KONG, Jan. 22, 2021 /PRNewswire/ -- CLPS Incorporation
(Nasdaq: CLPS) ("CLPS" or "the Company"), today announced its
strategic investment, through its wholly owned subsidiary,
ChinaLink Professional Services Co. Ltd., in Shanghai Shier
Information Technology Co., Ltd. ("SSIT"), an e-commerce services
provider. CLPS has indirectly taken 35% ownership stake in SSIT as
part of the Company's growth strategy to diversify its business
model.
SSIT develops and offers e-commerce platform products integrated
with rebate program as its main and unique feature. Its products
include the "Group Store", an online one-stop shop platform
exclusive for an enterprise's employees; and "Duoshouji", a mobile
application available for all Android and iOS users. SSIT has
partnered with over 10 leading e-commerce companies, catering to
hundreds of brands in China and to
its over 100,000 registered users, of which more than 50% are
active users. SSIT has attracted a large scale, long standing, and
loyal customer base as a result of its well-received platform among
the enterprises' users.
The advent of mobile internet and 5G technology defines the
ever-changing trend for acquiring online traffic. This trend is
expected to be a more efficient way compared to traditional and
costly methods such as search engine optimization (SEO), search
engine marketing (SEM) and social media promotion, among
others.
Over the years, CLPS has been focused on the
business-to-business (B2B) model, and its partnership with SSIT now
paves the way to penetrate the business-to-consumer (B2C) through
enterprise employee data outreach. In addition, CLPS and SSIT have
agreed to integrate more financial products and services into the
Group Store as part of an enterprise's development strategy,
leveraging the Company's expertise in the financial industry.
Mr. Henry Li, Chief Operating Officer of CLPS, said, "The
investment in SSIT marks our attempt to enter the B2C business. We
are optimistic that this investment will not only generate and
improve our financials, but will also complement the respective
competitive advantage in B2B and B2C to build an online traffic
platform, a new engine of attracting potential clients and a
vehicle to fulfill our future business model diversification."
About CLPS Incorporation
Headquartered in Hong Kong, CLPS Incorporation (the
"Company") (Nasdaq: CLPS) is a global leading information
technology ("IT"), consulting and solutions service provider
focusing on the banking, insurance and financial sectors. The
Company serves as an IT solutions provider to a growing network of
clients in the global financial industry, including large financial
institutions in the US, Europe, Australia, Southeast
Asia and Hong Kong, and their PRC-based IT centers. The
Company maintains 18 delivery and/or research & development
centers to serve different customers in various geographic
locations. Mainland China centers are located
in Shanghai, Beijing, Dalian, Tianjin,
Baoding, Chengdu, Guangzhou, Shenzhen, Hangzhou,
and Suzhou. The remaining eight global centers are located in Hong
Kong SAR, USA,
UK, Japan, Singapore, Malaysia, Australia,
and India. For further information regarding the Company,
please visit: http://ir.clpsglobal.com/, or follow CLPS
on Facebook, LinkedIn, and Twitter.
Forward-Looking Statements
Certain of the statements made in this press release are
"forward-looking statements" within the meaning and protections of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements include statements with respect to the
Company's beliefs, plans, objectives, goals, expectations,
anticipations, assumptions, estimates, intentions, and future
performance, and involve known and unknown risks, uncertainties and
other factors, which may be beyond the Company's control, and which
may cause the actual results, performance, capital, ownership or
achievements of the Company to be materially different from future
results, performance or achievements expressed or implied by such
forward-looking statements. All such statements attributable to us
are expressly qualified in their entirety by this cautionary
notice, including, without limitation, those risks and
uncertainties related to the Company's financial and operational
performance in the second half and full year of fiscal 2020, its
expectations of the Company's future performance, its preliminary
outlook and guidance offered in this presentation, as well as the
risks and uncertainties described in the Company's most recently
filed SEC reports and filings. Such reports are available upon
request from the Company, or from the Securities and Exchange
Commission, including through the SEC's Internet website
at http://www.sec.gov. We have no obligation and do not
undertake to update, revise or correct any of the forward-looking
statements after the date hereof, or after the respective dates on
which any such statements otherwise are made.
Contact:
CLPS Incorporation
Rhon Galicha
Investor Relations Office
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com
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SOURCE CLPS