Cogobuy Launches Strategic Cooperation with Lenovo to Build Intelligent Hardware Open Ecosystem

HONG KONG, May 29, 2015 /PRNewswire/ -- Cogobuy Group ("Cogobuy" or the "Company," stock code: 400.HK), the largest e-commerce service platform for the enterprise procurement of electronics manufacturing industry in China, along with its INGDAN.com platform (Hardeggs platform) -- a leading intelligent hardware innovation business platform of the Company -- announced the signing of a cooperation agreement with the intelligent devices and services platform of Lenovo Group, the world's leading innovative technology company, to jointly promote the rapid development of intelligent hardware sector and provide the best hardware and software services for intelligent hardware entrepreneurs. With the in-depth cooperation, INGDAN.com and Lenovo will jointly create a new business model and construct an integrated intelligent hardware ecosystem.

This strategic cooperation between two leading enterprises -- INGDAN.com and Lenovo -- is a win-win situation. On one hand, supported by Cogobuy, the largest enterprise procurement e-commerce services platform in China's electronic manufacturing industry, INGDAN.com has access to top IC components from world-leading suppliers. On the other hand, INGDAN.com has already obtained great coverage with nearly a thousand intelligent hardware projects, thousands of supply chain suppliers, and millions of followers on its platform. Combined with its inherent advantages, INGDAN.com can provide services with a focus on supply chain support to Lenovo. Meanwhile, by leveraging on its millions of followers and exhibition opportunities in its "IngDan Experience Center," INGDAN.com can also provide marketing promotion for Lenovo's products. Meanwhile, Lenovo's "Cloud Services" and its industrial designs can be adopted by INGDAN.com platform's projects to accelerate the development progress. Moreover, INGDAN.com platform's products can be sold at Lenovo Experience Stations.

Mr. Jeffrey Kang, CEO of Cogobuy Group, said: "The collaboration between INGDAN.com and Lenovo is a perfect match in the construction of an intelligent hardware ecosystem, which creates great synergies making 'one plus one equals to more than two.' For a year, INGDAN.com has been accelerating its strategic deployment in the intelligent hardware area. With a series of in-depth cooperation not only with Baidu, JD Group, WeChat, 360 and other Internet institutes, but also with Microsoft, Intel, Broadcom, Freescale and other electronic manufacturing enterprises as well as cooperation with the Zhongguancun government, Cogobuy devotes itself to building an ecosystem for the electronics manufacturing industry. The Internet is a catalyst of innovation. Under the era of 'Internet+', intelligent hardware represents an upgrade in the traditional electronics manufacturing industry. With its inherent advantages in 'supply chain' and its innovative business model, Cogobuy has accelerated the transformation and upgrade of the traditional industry. Taking only three years to become a listed company on the Hong Kong Stock Exchange, Cogobuy has become a representative of the 'Internet+ electronics manufacturing industry'."

About Cogobuy Group

Cogobuy Group is the largest e-commerce service platform for the enterprise procurement of China's electronics manufacturing enterprise. By providing IC components procurement services, Cogobuy is addressing a market of more than 3 million electronic manufacturing SMEs. We believe the transaction based relations will enable us to establish an integrated procurement services platform, providing data collection and analysis, hardware, software, supply chain finance and other business related services. As a typical representative of "Internet +", Cogobuy was successfully listed on the Hong Kong Stock Exchange on July 18, 2014. In 2014, the total GMV of Cogobuy has reached RMB8.4 billion.

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].

SOURCE Cogobuy Group