INGDAN.Com Hosts Forum with Shenzhen Automotive Electronics Industry Association

Enhances Cogobuy's Business in Auto Industry

Jan 31, 2016, 23:19 ET from Cogobuy Group

HONG KONG, Feb. 1, 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 that INGDAN.com, the Company's intelligent hardware innovation platform, recently joined the Shenzhen Automotive Electronics Industry Association ("AEIA") to host the INGDAN.com Auto Forum., where INGDAN.com unveiled its '2016 Intelligent Vehicles Development Strategy.'

Highlights of the strategy include the Company's new agreement with Zhiche Auto to provide them with optimized intelligent vehicle solutions. INGDAN.com will also focus on helping international intelligent vehicle startups implement their production and business plans in China. Medium to long term, INGDAN.com will establish a presence in the auto manufacturing value chain by cooperating with well-known vehicle manufacturers.

Nearly 1,500 intelligent vehicle industry projects have utilised INGDAN.com's platform connecting global intelligent hardware developers with China-based supply chain resources. Currently, INGDAN.com is increasingly devoting its efforts to expand into overseas markets. INGDAN.com is currently in discussions with local outstanding companies in Israel to provide its services and establish a presence in the Israeli market.

Mr. Jeffrey Kang, CEO of Cogobuy Group, said: "INGDAN.com's '2016 Intelligent Vehicles Development Strategy' will help us further promote and grow the Company's businesses. Cogobuy previously only provided services to traditional car manufacturers like BYD Auto, but we are now using INGDAN.com's intelligent vehicles resources to broaden Cogobuy's offerings in the automotive sector. We expect this to have a positive effect on Cogobuy's GMV.

"Currently there are over 50,000 automotive aftermarket companies, and high market barriers persist because of a lack of resource sharing. Unfortunately these circumstances have led to product category isolation and stunted technological advancement. Our goal with INGDAN.com's entry into the intelligent vehicles industry is to reduce barriers and help automotIve aftermarket companies connect with traditional car manufacturers directly. This will enable manufacturing resources to be shared by all parties and boost automotIve aftermarket companies' development."

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."

SOURCE Cogobuy Group



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