CapitalWatch Interview With Henry Li, Chief Operating Officer of CLPS
"Li" tells CapitalWatch about the impact of Covid-19, global expansion plans, the future of fintech, and more.
CW: Anything that you would like to tell your shareholders about CLPS that they may not know?
Li: For CLPS we adhere to the principle of transparency and regulated management. Everybody in CLPS is committed to bringing value to our shareholders. That is the key message that I would like to share with all the CLPS shareholders.
CW: What do you find attractive most about expanding in California?
Li: The area has a number of fintech companies. Our CEO has visited the area a few times. We’ve also met our customers. We see the business opportunity there. The key customers are over there.
CW: Any other area that the company is looking at expanding to? Potentially Hong Kong or Singapore?
Li: Hong Kong is not only a key market for us. U.S., Singapore, and Asia countries are [part of] our key strategy of global expansion as well. When you see the number from last year (first half of the fiscal year 2020), the global/overseas business revenue increased from 5% to 10%, that’s almost double. We see [a] significant [increase] from the global business. We also see the customers as part of our key drivers. We will set up [our] footprint wherever our customer needs our service. That is our strategy right now.
CW: What does the company have planned next for this year?
Lin: For the future, we will continue to implement our global expansion strategy for sure in the oversea and also [the] domestic market. We will continue to attract more clients from the financial industry but also the fintech industry as well. We will continue to put resources into technology innovation to provide new product value IT service to our clients and also to our potential clients in the market. That will be the plan for us for the rest of the year.
CW: What is the company’s goal in five years?
Lin: In the next five years, we will continue to enhance our global business expansion. That will be one of the key strategies for us. Even during the uncertainty period of Covid-19 we never changed our mind. We continue to put our effort and resources on global expansion. We closely work with our customers globally and at the same time, we will make sure to continue to provide successful business growth in domestic.
http://www.clpsglobal.com/clps-celebrates-15-years-of-providing-globally-competitive-it-services/
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CLPS Reinforces Global Presence; Next Up - San Francisco, CEO Says
In an interview, CEO Raymond Lin said the Sino-U.S. tensions have not hindered the company's cross-border business and its expansion plans in San Francisco.
Anthony Russo
Oct 31,2019,23:30
CLPS Inc., (Nasdaq: CLPS) a fintech provider based in Shanghai, plans to further expand overseas, after posting strong first half-year results a couple of weeks ago.
With CLPS’s investments within the last year in Infogain, RiDik Pte. Ltd. and Lihong Financial Information Services Co. Ltd., the company has spread its business through China and Singapore. Raymond Lin, the co-founder and chief executive officer of CLPS, told CapitalWatch the acquisitions of Infogain and RiDik in Singapore were not expensive, “very reasonable price”.
Looking ahead, Lin hinted towards potential expansions in Hong Kong, the United States, and Australia.
“The financial market in the U.S is very strong, it’s a very good market for our IT services,” Lin told CapitalWatch earlier this week. “In the past three years you will note that China fintech technology is growing fast, more than Singapore, more than Hong Kong, So I want to bring this product this solution to overseas.”
IT services was a large driver for CLPS in the first half, as the solution accounted for 94% of the company’s revenue, at $32 million.
RiDik operates a back office in India, and can support three companies in Singapore, as noted by Lin. Lin also said Around December, CLPS will open its new office in San Francisco, planning to employ over 10 people.
CLPS, which partners with education institutions, will hire 500 graduates from over 10 universities annually. While the U.S. could be an option in the future, Hong Kong and Singapore, will be used for training, Lin said.
In May 2018, CLPS raised $10.5 million in its initial public offering.
“I think after IPO we changed, because we can renew our business model. For example before that we just combined the IT services to the financial institutions,” Lin told CapitalWatch. “Now we try to enter other areas, we try to get more customers.
Lin said he hopes in 10 years CLPS becomes a $10 billions market cap company, “This is our dream”.
https://selectionnewyork.blogspot.com/2020/09/clps-blockchain.html
https://selectionnewyork.blogspot.com/2020/10/clps-selection-data-second-half-of.html
https://www.clpsglobal.com/about-us-2/whats-next/
https://selectionnewyork.blogspot.com/2020/09/1-billion-market-cap.html 👇👇
6/20/20
"Lin (CEO) hopes to see CLPS grow to maintain a market cap of more than $10 billions."
So.....
1+1=2
O. K.
$CLPS TODAY (8/14/21)
Market Cap $67M 👀 (8/14/21)
Market Cap $10B = x 155 !!!!
= + 15 500 % !!
Great.
Great.
$3,7 / share (8/14/21) x 155 (Market Cap $10B)
= $ 555 / share !!!!
Would you like to have a good sleep?
Only 💎 DD!! Not speculation!
