INGDAN.com Partners with Intel on Building Robotics Ecosystem

HONG KONG, June 7, 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, has signed a cooperative agreement with Intel (NASDAQ: INTC), a global leader of innovation in intelligent technologies, cloud computing, data centers, the Internet of Things, and PC solutions, to partner in building a robotics ecosystem. The partnership is also expected to strengthen INGDAN.com's presence in the robotics industry.

Through the agreement, Intel will be providing core chips, robotic modules, and reference design services to robotics companies on INGDAN.com's platform, while INGDAN.com will be providing supply chain services, technological support, project financing, and marketing services. The project is part of a larger vision to build a leading, global robotics ecosystem that will bridge academia, research, application, and production, and shorten the pathways to commercialization and lower barriers to entry for robotics startups.

Mr. Jeffrey Kang, CEO of Cogobuy Group, said: "We are pleased to be partnering with Intel to build a global robotics ecosystem that includes hardware, software, artificial intelligence, and Internet services. We anticipate the number of enterprises registering on our platform to rise as a result of Intel becoming our main supplier of underlying hardware components and design. The robotics industry is currently worth USD 70.9B (RMB 466B), and is projected to grow to USD 135.4B (RMB 888.7B) by 2019, according to data from the International Data Corporation (IDC) and Analysis International. As a platform that bridges the gap between global leading technology knowhow and the production power in China, INGDAN.com is positioned to capture a large portion of the growing robotics market and to provide startups on its platform with the widest array of components and services. We expect to attract over 1,000 thousand robotics startups and 300 suppliers to our platform in 2016 alone."

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."

For further information, please refer to the Company's website at http://www.ingdan.com/

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SOURCE Cogobuy Group