HONG KONG, Feb. 19, 2017 /PRNewswire/ -- Cogobuy Group ("Cogobuy" or the "Company," stock code: 400.HK), the largest e-commerce platform serving the electronics manufacturing industry in China, is pleased to announce it has observed substantial transaction volume for its optical communication products and expects a doubling of related orders as compared with last year. The increase is likely to boost business volume in 2017, aided by the new investment cycle for carriers with growing demand for optical communication, Optical Transport Network ("OTN") upgrading, and 4.5G/5G construction.
With its business partners, Cogobuy provides customers with the major components of fiber optic systems, including optical modules and optical chips, and constitutes a competitive product line to offer the optimal communication module, as well as Fiber-To-The-Home (FTTH), 4G/5G LTE, and Internet Data Center (IDC) core programmes, keeping up with demand for optical communications infrastructure. Under the "13th Five-Year National Informatization Plan", the Chinese government is raising the required ratio of FTTH users to total broadband users from 56% in 2015, to 80% in 2020, which will further grow demand for optical products and likely benefit Cogobuy's related product transactions.
Mr. Jeffrey Kang, CEO of Cogobuy Group, said: "Growing demand for data and communications is driving the market to seek channels that are capable of bigger and faster data transmission. As optical communication gradually matures and FTTH continues to grow in popularity, optical communication components are becoming a significant part of the telecommunications equipment market in 2017. With a firm foundation in this market, Cogobuy is well positioned to take advantage of new market opportunities, deepen our collaborative relationships with the main industry suppliers, and expand the scale of our optical business, for strong and sustainable growth."
About Cogobuy Group
Cogobuy Group is the largest e-commerce service platform serving the electronics manufacturing industry in China. Through the e-commerce platform, which includes a direct sales platform, an online marketplace, and a dedicated team of technical consultants and professional sales representatives, the Company provides customers with comprehensive online and offline services across pre-sale, sale and post-sale stages. The Company serves mainly SME electronics manufacturers.
For further information, please refer to the Company's website at http://www.cogobuy.com/
This press release is issued by Financial PR (HK) Limited on behalf of Cogobuy Group.
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SOURCE Cogobuy Group