Cogobuy Establishes AI Application Enabling Device to Capture New Opportunities of Enterprise Transformation

HONG KONG, April 25, 2017 /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 its IngDan Lab has launched a proprietary enabling technology for artificial intelligence ("AI") to facilitate the development of future AI technology applications. The technology is a breakthrough for Cogobuy's "AI plus Internet of Things ("IoT")" platform. With the proprietary technology, the Company believes it can significantly shorten the market cycle of "smart" products, help traditional enterprises work with AI-powered tools, and increase the number of potential customers for Cogobuy.

The IngDan Lab consists of more than 40 senior researchers and engineers from world-renowned Internet technology enterprises and leading universities. The Lab has developed a technology connector for data transmission between sensors and cloud platforms, as well as an AI module that can be used to connect with various sensors, including voice and image, available on its "AI plus IoT" cloud platform. The AI module will cut down on R&D costs and shorten production times for smart home products, toys, and robotics projects, enabling traditional furniture and toy enterprises to make smart upgrades to their product offerings more efficiently.

The reveal of the AI module marks another breakthrough for Cogobuy, following its intelligent voice-controlled supply chain launched last month.

Mr. Jeffrey Kang, CEO of Cogobuy Group, said: "With an enormous demand for AI in the transformation of traditional enterprises, our new AI module has the potential to help—and thus bring in—a large number of new customers from across various traditional industries. With the new technology on offer, we will focus on accelerating our engagement with current and new customers from these industries.

"According to the Three-Year Action Plan for the Development of Cloud Computing (2017 – 2019) recently issued by China's Ministry of Industry and Information Technology, China's cloud computing industry is on track to reach RMB430 billion. In addition to module applications, cloud platforms for AI services are also expected to become trends in the industry's development. With the IngDan Lab's strong R&D team, we are poised to lead the acceleration and distribution of AI in new areas."

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/

SOURCE Cogobuy Group

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http://www.cogobuy.com/