HONG KONG, Jan. 16, 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 that the company is experiencing a strong growth in the field of telecommunication businesses, in particular, telecom networks, wireless and PTN/RPRAN in the beginning of 2017. The Company expects its business in telecom networks, wireless and PTN/RPRAN will achieve over 50% growth rate. The growth is expected to be mainly driven by stronger demand for communication facilities from carriers' higher investments in upgrades of infrastructures as preparation for the coming 5G era. In addition to market expansion, as an important strategic partner of global top-tier chip suppliers, Cogobuy is well positioned to further increase market shares in telecommunication industry.
Mr. Jeffrey Kang, CEO of Cogobuy Group, said: "The significance of 5G technology not only drives higher growth of existing industries including telecom networks, wireless and PTN/RPRAN, but also releases the growth potential of smart vehicles, smart homes, and other emerging areas. With broader applications of Internet of Things("IoT") in the 5G area, we are confident in maintaining our high growth momentum and further diversifying our revenue stream despite of the uncertainties in capital market in the year ahead."
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