CLPS Extends Yonyou Partnership to Promote Enterprise Cloud to Overseas Market

CLPS Incorporation (Nasdaq: CLPS) (“CLPS”), through its wholly owned subsidiary, Qinson Credit Card Service Limited (“QCC”), recently extended its partnership with Yonyou (Hong Kong) Company Limited (“Yonyou”) to promote enterprise cloud-based products and services to the overseas market, following the initial partnership signed on March 2021.

The advent of digital transformation has pushed many enterprises to embark on the next-generation technologies and tools for the transformation of data generated from operation and production into valuable digital assets. As a result, digital transformation enables enterprises to achieve significant business value and enhanced competitiveness. As a leading cloud services provider in China, Yonyou delivers its capabilities in various sectors and industries. Yonyou also aims to upgrade its cloud-based product framework with global functionalities to address the growing demand for cloud services in the overseas market.

On the other hand, CLPS will leverage its broad client base and years of experience as an IT services provider to international finance industry to support the customized development and implementation of Yonyou’s enterprise cloud-based products and services in Hong Kong and Southeast Asia markets. Such sectors to be covered include finance, human resources, office automation, manufacturing, procurement, and e-commerce. In addition, the strategy to promote enterprise cloud-based products and services will pave the way for winning and expanding CLPS’s client base in the said regions.

As IT services providers, CLPS and Yonyou have built and maintained industry reputation and rich resources. Both parties will fully showcase their respective competitive advantages to establish an enterprise digital business service ecosystem, which promotes and advances global expansion strategy of both sides.