HONG KONG, July 10, 2017 /PRNewswire/Korea IT Times-- 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, has achieved a milestone in its collaboration with Intel (NASDAQ: INTC) to build a robotics innovation ecosystem. INGDAN.com's supply chain ecosystem has allowed it to consolidate core module suppliers for the robotics industry, and by providing one-stop support to robotics companies, especially in intelligent modeling and core components, the Company has created a complete robotics ecosystem. In the past twelve months, the Company has engaged and supported 136 AI and robotics companies, assisting them from concept-to-manufacturing, and even identifying a number of promising ventures among them.
Last July, INGDAN.com and Intel teamed up to create a robotics innovation ecosystem, aimed at promoting technological advancement of the industry, incubation, and professional operations. Founding the first ever "Robotics Innovation Center" in Shanghai, as well as INGDAN.com's new closed ecosystem for resource matching and sharing, strengthened the Company's leading position in the robotics industry -- namely product design, manufacturing, and financing. The ecosystem currently accommodates more than 1,000 robotics companies and 300 upstream suppliers, reached the Company's expectations.
Cogobuy's partnership with Intel was also formed to boost development in the industry. The Company hosted the Intel AI and Robotics Innovative Ecosystem Forum, and a robotics competition, on July 6. The event focused on the future of AI and robotics boom, and showcased Cogobuy's leading position in the robotics ecosystem alliance. Many AI and robotics industry experts, promising company founders, government officials, market leaders, and investors participated in the event. We also witnessed the rise of promising teams in the competition securing growth momentum for the industry.
Mr. Jeffrey Kang, CEO of Cogobuy Group, said: "After recent calls by Chinese government for a robotics revolution, China's robotics industry is booming. According to the latest forecast from the International Data Corporation (IDC), China will more than double its spending on robotics and related services, from $24.6 billion in 2016 to $59.4 billion in 2020.
Our partnership with Intel to promote robotics innovation will facilitate the industry's overall efficiency and help more companies manufacture their designs. We are proud to have achieved the establishment of the new robotics ecosystem, and together with Intel, we plan to make it the most cost-effective one in China."
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.
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."
