Cogobuy Launches Strategic Cooperation with Baidu Jointly Building Intelligent Hardware Ecosystem

Jul 02, 2015, 08:09 ET from Cogobuy Group

HONG KONG, July 2, 2015 /PRNewswire/ -- Cogobuy Group ("Cogobuy" or the "Company" , stock code: 400.HK), the largest e-commerce services platform for the enterprise procurement of electronics manufacturing industry in China, is pleased to announce that the Company has entered a strategic cooperation with Baidu Inc. ("Baidu") to jointly establish an intelligent hardware ecosystem and facilitate the smooth operations of intelligent hardware ecosystem resources services.

As a leading enterprise in the Internet sector, Baidu has abundant resources in several areas, including healthcare, education and cloud computing. By cooperating with Baidu, Cogobuy and its "INGDAN.com platform" and "IngDan Experience Center" -- will join the IoT Industry Alliance to establish an intelligent hardware ecosystem. Meanwhile, Cogobuy and Baidu will jointly consolidate their industry advantages and resources to widen intelligent hardware ecosystem's project and access resources. In addition, the parties will explore prospects for the development of the vertical IoT industry, and cooperate in the promotion of solutions development and commercialization. Under the framework of the IoT Industry Alliance, Cogobuy and Baidu will jointly develop cloud service access and hardware industry chain cooperation while also providing support to small and medium IoT enterprise startups. The parties will have the priority to cooperate with each other regarding the business scope of the agreement.

Mr. Jeffrey Kang, CEO of Cogobuy Group, said: "The strategic collaboration between Cogobuy and Baidu hits a sweet spot, and we will together consolidate our industry advantages and resources, explore prospects for the development of the vertical IoT industry such as healthcare, education and cloud computing, and cooperate in the promotion of solutions development and commercialization. The future will be the era of IoT, and entrepreneurs cannot make any achievements without support from supply chain services. In the future, we will continue to work with all cross-sector resources to establish the largest IoT opening ecosystem in the world."

Dr. Zhang Ya-Qin, President of Baidu, said: "Cogobuy is the first company to introduce Internet into electronic manufacturing enterprises and is the largest electronic manufacturing supply chain platform in China providing services to more than 3 million small and medium electronic manufacturing enterprises. With the enterprise data provided by Cogobuy, Baidu can provide better services to small and medium enterprises."

About Cogobuy Group

Cogobuy Group is the largest e-commerce service platform for the enterprise procurement of China's electronics manufacturing industry. 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 ir@cogobuy.com.

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

SOURCE Cogobuy Group



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