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Stock impact report

CLPS Incorporation Announces Strategic Investment in EMIT, A Financial Big Data Company

CLPS INC COMMON (CLPS)  More Company Research Source: PR Newswire
PDF SHANGHAI, May 15, 2019 /PRNewswire/ -- CLPS Incorporation (Nasdaq: CLPS) ("CLPS" or "the Company"), a leading information technology consulting and solutions service provider focusing on the banking, insurance, and financial sectors in China and globally, today announced a strategic investment in Economic Modeling Information Technology Co., Ltd. ("EMIT"), a financial big data company. Upon closing of the transaction, CLPS will hold a 30% ownership stake in EMIT.Established in 2017, EMIT was founded by a team of PhD faculty members from Shanghai University of Finance and Economics ("SHUFE") in cooperation with SHUFE's Fintech Research Institute. EMIT provides financial modeling and analysis services to financial services companies and delivers a full range of value-added data mining and data analytics IT solutions to its clients that include intelligent investment systems, risk warning systems, and credit card decision engine core systems. EMIT's "financial data modeling platform + fi [Read more]
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