Cogobuy Group (“Cogobuy” or the “Company,” stock code: 400.HK), the largest e-commerce platform serving the electronics manufacturing industry in China, together with INGDAN.com, the Company’s intelligent hardware innovation platform, recently hosted its first “Xinhuo +” Supplier Conference in partnership with JD.com’s JD Crowdfunding Platform.
Held at the IngDan Experience Center in Shenzhen, the conference served as a platform for intelligent hardware companies to discuss and collaborate on best practices for improving the quality of supply chain resources, lowering production costs, enhancing product manufacturing capacity, and building an intelligent hardware supply chain ecosystem with INGDAN.com.
Through their partnership, INGDAN.com and JD Crowdfunding Platform invited successful IoT startups, including Jike Company Ltd. and Shenzhen Galaxywind Network Systems Company Ltd., to meet with leading suppliers seeking for high-level partnerships. The event matched 117 intelligent hardware companies and 224 suppliers, facilitated order placements from 11 intelligent hardware companies, and generated an estimated gross merchandise volume (GMV) of RMB50 million.
INGDAN.com is a platform connecting global intelligent hardware developers with China-based supply chain resources. With over 3,000 supply chain vendors, the platform provides services to help IoT innovators and entrepreneurs implement their production and business plans. The platform currently has roughly 3.5 million followers and over 4,300 IoT project entries.
With INGDAN.com launching more enterprise services in the future, the Company expects INGDAN.com to increasingly contribute to Cogobuy’s GMV and pipeline of new customers. As of June 30, 2015, the platform contributed RMB339.6 million in the Company’s GMV, or about 10.2% of the total GMV.
Mr. Jeffrey Kang, CEO of Cogobuy Group, said, “In the age of big data, supply chain is an important part of the new value chain. In the past year, Cogobuy has partnered with large Internet companies like Baidu, Alibaba, and Tencent, to provide them with supply chain support. This year’s ‘Xinhuo +’ Supplier Conference is part of our initiative to serve both upstream and downstream companies in electronics manufacturing. We are also committed to building our INGDAN.com at the enterprise-level ‘sharing economy’. In the future, we will make it easier for intelligent hardware companies to buy components from suppliers on INGDAN.com. In some supply chain concentrated regions like Pearl River Delta and Yangtze River Delta, we will focus on offline order collection. Direct matching on our platform will help electronics manufacturers lower costs and use social resources more efficiently, contributing to an ‘Internet plus sharing economy’.”
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 cogobuy.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.”