Cogobuy and Chanjet Enter Strategic Cooperation

HONG KONG, March 10, 2015 /PRNewswire/ -- A leading e-commerce company dedicated to serving China's electronics manufacturing industry, Cogobuy Group ("Cogobuy" or the "Company", stock code: 400.HK) operates the largest transaction-based e-commerce platform for IC and other electronic components in China. Cogobuy is pleased to announce that the Company and Chanjet Information Technology Company Limited ("Chanjet", stock code: 1588.HK), a wholly owned subsidiary of Yonyou Software Company Limited, entered into a strategic cooperation. The first time ever strategic collaboration with Chanjet will help Cogobuy build its integrated "one-stop shop" enterprise service platform.

Chanjet is the leading provider of enterprise software and services designed for micro and small scale enterprises (MSEs) in China. Under this strategic cooperation, Cogobuy can provide Chanjet's enterprise software and services to a large number of customers in the Cogobuy e-commerce platform as well as companies registered in the INGDAN.com platform. Combining Chanjet's strength in the software industry, this collaboration will support Cogobuy to further develop its integrated "one-stop shop" enterprise service platform.

Cogobuy used IC components sales business as the entry point to establish trade relations with customers while building database in relation to the customers and transactions. Based on these data, Cogobuy has developed into diversified business expanding from providing hardware to software as well as providing other value added services for enterprises. For instance, Cogobuy's strategic partnership with Microsoft cloud not only allows Cogobuy to provide cloud-based and big data services structured on Microsoft Azure to enterprises customers on the Cogobuy platform but also facilitates the development of Cogobuy's IoT ecosystem. Since the beginning of 3Q2014, Cogobuy has begun providing new supply chain financing services to its existing and new customers. Cogobuy will continuously provide customers with more value-added services to create new revenue streams.

Moreover, INGDAN.com has implemented initial strategic cooperation with Baidu, JD.com, Tencent, 360 and other large Internet enterprises to provide all-round services in the supply chain, product promotion, distribution and financial support areas. Along with the cooperation, Cogobuy jointly foster intelligent hardware innovators by developing a one-stop services platform with a focus on supply chain services for IoT innovators.

Looking forward, Mr. Jeffrey Kang, Executive Director, Chairman and CEO of Cogobuy Group, said: "As the first O2O company in China's technology manufacturing industry, Cogobuy's innovative online business model can significantly reduce the cost of acquiring new customers so that the number of new customers will continue to increase rapidly. From September 2013 to September 2014, the number of Cogobuy's online transaction customers grew 175%, and its total Gross Merchandise Value ("GMV") grew 132.4%. Looking ahead to 2015, the increasing number of new customers and additional services will promote the Company's results to maintain high growth."

About Cogobuy Group

Cogobuy Group is a leading e-commerce company dedicated to serving the electronics manufacturing industry in China. The Company operates the largest transaction-based e-commerce platform for IC and other electronic components in China as measured by GMV in 2013. Through the e-commerce platform, including 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 an online and offline platform focusing on the hardware innovation sector. The platform provides information of hardware innovation, knowledge of the supply chain and supply chain demand docking for IoT innovation 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/

For investor and media enquiries

Please contact Ms. Wanyee Ho / Ms. Amy Guo at [email protected].

This press release is issued by Financial PR (HK) Limited on behalf of Cogobuy Group. For further information, please contact:

SOURCE Cogobuy Group

Related Links

http://www.ingdan.com/