CLPS Incorporation completed the acquisition of a 35% stake in Shanghai Shier Information Technology.

CLPS Incorporation, an IT consulting and solutions service provider, completed the acquisition of a 35% stake in Shanghai Shier Information Technology, an e-commerce services provider. Financial terms were not disclosed. "The investment in SSIT marks our attempt to enter the B2C business. We are optimistic that this investment will not only generate and improve our financials, but will also complement the respective competitive advantage in B2B and B2C to build an online traffic platform, a new engine of attracting potential clients and a vehicle to fulfill our future business model diversification," Henry Li, CLPS Chief Operating Officer.