CLPS establishing Indonesia subsidiary

CLPS (CLPS) announced the establishment of its wholly-owned subsidiary, PT Ridik Fintech in Jakarta, Indonesia. In a report by the U.S. International Trade Administration, Indonesia’s digital economy is among the fastest growing in SEA, projected to exceed $130B by 2025. 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 FY25.