CLPS Establishes Wholly-Owned Subsidiary Ridik Indonesia In Jakarta To Expand SEA Footprint And Advance Smart Ecosystem Development

Benzinga·03/25/2025 12:32:46

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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.

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