CLPS Incorporation (the “Company” or “CLPS”) (Nasdaq: CLPS), today announced the establishment of its wholly-owned subsidiary, PT Ridik Fintech Services (“Ridik Indonesia”) in Jakarta, Indonesia. This strategic move accelerates CLPS’s regional footprint in Southeast Asia (SEA), reinforcing tailored IT solutions to local enterprises while advancing smart ecosystem development for Indonesia’s domestic market.
In a report by the U.S. International Trade Administration1, Indonesia’s digital economy is among the fastest growing in SEA, projected to exceed $130 billion by 2025, based on a joint analysis from leading industry experts. As the region’s largest economy, Indonesia represents a critical growth market for CLPS. The localization team will align closely with market needs, leverage domestic industry insights, and build a collaborative network that bridges global technological expertise with Indonesia’s evolving business landscape.
Mr. Srustijeet Mishra, Chief Executive Officer of CLPS SEA &Â USA, stated, “We will capitalize on our existing global client relationships and our expertise in artificial intelligence, robotic process automation, big data, and cloud computing to accelerate the growth and penetration of the Indonesian market. The establishment of Ridik Indonesia further enhances CLPS’s influence and competitiveness in the SEA region.”
Mr. Raymond Lin, Chief Executive Officer of CLPS, said, “Southeast Asia remains a key growth driver for CLPS, with a 101.7% year-over-year revenue increase in the region during the first half of fiscal 2025. Ridik Indonesia is not only an expansion of our business operations but also a demonstration of our commitment to localizing our international operations. We are dedicated to empowering Indonesia’s digital transformation journey by investing in domestic talent, fostering cultural alignment, and collaborating with in-country partners.
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