INGDAN.Com Enters Strategic Agreement with JD.com, Taobao, Suning Commerce

HONG KONG, May 11, 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, recently announced it has entered a strategic agreement with crowdfunding platforms JD.com (NASDAQ: JD), Taobao Marketplace, Suning Commerce (SZSE: 002024). The agreement facilitates INGDAN.com's entry into E-commerce services, which will further assist intelligent hardware startups in realizing value from their businesses. The partners in the agreement will host a joint conference to announce further details on May 21, 2016.

INGDAN.com had previously established strategic agreements with several crowdfunding platforms including JD Finance, Taobao Crowdfunding, and Alibaba Cdj. Under the agreement, all parties will jointly provide high quality resources for startups to create a crowdfunding "green channel." INGDAN.com's strong resource integration capabilities will provide startups with better access to funding, production, and marketing to help accelerate their growth. Additionally, INGDAN.com's crowdfunding platform partners' extensive experience in production distribution will provide intelligent hardware products with high quality network traffic and distribution channels.

Mr. Jeffrey Kang, CEO of Cogobuy Group, said: "We are excited to announce this new agreement and INGDAN.com's entry into E-commerce services, which will expand the ways we are able to help intelligent hardware startups. Aiming to become the largest intelligent hardware industry ecosystem in the world, INGDAN.com has already emerged as the largest intelligent hardware platform in China, to provide O2O one-stop services focusing on "supply chain" to its customers. Currently, over 12,000 projects, 8,000 suppliers, and eight million followers are now registered on the INGDAN.com's platform. We are now able to provide e-commerce services such as product launches and B2B distribution, supported further by Ingdan's eight million registered followers and the newly launched IngDan Online Store. Our new partnership with some of the most widely used and highly regarded crowdfunding platforms will also facilitate the promotion and distribution of our clients' intelligent hardware. With these new capabilities, startups on our platform will be able to direct their energy and focus where it belongs: developing great intelligent hardware products."

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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