Cogobuy to Hold First International Conference in US Reinforces Leading Position as IoT Supply Platform

HONG KONG, Jan. 12, 2015 /PRNewswire/ -- Cogobuy Group ("Cogobuy" or the "Company," stock code: 400.HK) is a leading e-commerce company dedicated to serving the electronics manufacturing industry in China and operator of the largest transaction-based e-commerce platform for IC and other electronic components in China. INGDAN.com platform (Hardeggs platform) -- a one-stop Internet of Things ("IoT") innovation business platform of the Company, hosts a multinational conference in Silicon Valley in the US today. The event provides an opportunity to discuss the development trends of the IoT and exchange ideas with US IoT elites in the tech sector. The seminar will be the first international event for INGDAN.com platform outside of Greater China.

At the seminar -- "The Makers' Dilemma Conference" -- Internet and IoT specialists and industry leaders from China and the US will discuss the latest trends in the hardware supply chain, the future of IT manufacturing and the development of Open Hardware, etc. The conference not only provides a supportive platform for exchanges in resources and technologies among specialists from China and the Silicon Valley, but also supports the design and development of IoT and demonstrates the strength of Cogobuy in offering IoT supply chain.

Delegates to attend the event include iconic figures in the tech industry such as Jack McCauley, founder of Oculus VR in the US, Chris Anderson, founder of 3D Robotics and Sonny Vu, CEO of Misfit Wearables, a hardware company based in the US.

Cogobuy has begun plans to develop international markets in recent years so as to globalize its business as well as the INGDAN.com platform. Apart from cooperation with Microsoft, JD.com and WeChat, the Company is also working on a possible partnership with large IT website corporations such as Facebook. Earlier this month, the Company participated in the 2015 International CES (2015 International Consumer Electronics Show), the largest consumer IT product exhibitions globally. At the event, the Company demonstrated its business operations and discussed development trends of IoT with peers.

Mr. Kang Jingwei, Executive Director, Chairman and CEO of Cogobuy Group, said, "As a leading e-commerce company in China, we strive our best to contribute to the industry. The conference in the US serves to support makers in the design of IoT and its development, and explore IoT market trends with international specialists. Cogobuy shows it strengths in supporting IoT innovation entrepreneurs and helps them convert their outstanding design concepts into mass production realities. Our goal is to expand our operating scale over the coming years. Meanwhile, we are also focusing on the development of an innovative IT platform -- INGDAN.com -- to foster a leading hardware ecosystem of IoT, and develop INGDAN.com as a global IoT platform. We believe these efforts help accelerate Cogobuy's growth pace to realize its 100 billion yuan-size GMV goal."

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. In 2013, the Company fulfilled orders with a GMV of approximately RMB 3.9 billion. 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 office 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/

SOURCE Cogobuy Group

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