Establishment of IngDan Lab Completes INGDAN.com Ecosystem

Feb 21, 2016, 22:05 ET from Cogobuy Group

HONG KONG, Feb. 21, 2016 /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 officially launched IngDan Lab that will provide technical services and global experiences to startups and innovators.

Dr. Shipeng Li, Chief Technology Officer of Cogobuy Group, spearheaded the launch. The lab will further drive INGDAN.com's evolution into the world's leading electronics manufacturing ecosystem, providing innovators with a robust suite of services including hardware prototyping, supply chain resources, software patents, and a dedicated cloud platform.

Entering 2016, Dr. Li and his team are now focused on three key initiatives at INGDAN.com. First, the Company is increasing the level of service to overseas markets. INGDAN.com currently operates subsidiaries in tech hubs such as the US, Hong Kong, Italy, and Israel, and will continue to help startups around the world connect with the best Chinese manufacturers.

Secondly, INGDAN.com is increasing its technology push activity to drive the development of new products and applications. IngDan Lab has been working with tech giants like Microsoft, Baidu, and iFLYTEK, and applying new ideas resulting from these engagements to further optimize its R&D.

INGDAN.com's third initiative is recruiting top talent. The team has begun working with China's top 20 universities with the goal of establishing around ten IngDan technology clubs in the coming year. The clubs will encourage innovation among students and create a pipeline of talent and new technologies.

In technological areas, the IngDan Lab will be conducting R&D in virtual reality ("VR"), with the goal of solving the industry's technical bottlenecks such as data collection, content creation, and improving VR hardware. The team will also focus on technical problems in robotics and artificial intelligence. In the field of intelligent auto industry, INGDAN.com team will maintain close ties with its partner in Israel to promote technical cooperation.

Mr. Jeffrey Kang, CEO of Cogobuy Group, said, "We are very excited about the launch of the IngDan Lab, and are pleased with Dr. Li's enhancements to Cogobuy's and INGDAN.com's business operations and technology platform. As a result, we are increasingly well positioned to capture market share and growth from the rising volume of software applications for intelligent hardware. For example, one area we're excited about is intelligent auto industry. With new government incentives and more big companies entering the market, the intelligent auto industry will only continue to grow in importance. By leveraging its platform, INGDAN.com is already helping traditional car manufacturers match automotive frontrunners and aftermarket companies, removing traditional barriers in the auto industry. And we believe IngDan Lab is going to make significant contributions to the intelligent auto ecosystem."

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/

About INGDAN.com

INGDAN.com is a platform dedicated to connecting global intelligent hardware entrepreneurs and China-based supply chain resources. The platform provides information on hardware innovation, supply chain data and supply chain demand docking for global IoT innovators and entrepreneurs. It is a one-stop hardware innovation business platform with its core being the "supply chain."

For further information, please refer to the Company's website at http://www.ingdan.com/

This press release is issued by Financial PR (HK) Limited on behalf of Cogobuy Group.

SOURCE Cogobuy Group



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