INGDAN.com Partners with Japan's Leading Technologies Facilitating AI Development in China

HONG KONG, July 12, 2018 /PRNewswire/ -- Cogobuy Group ("Cogobuy" or the "Company", stock code: 400.HK; with its subsidiaries (the ''Group'')), a platform providing artificial intelligence and internet of things ("AIoT") business solutions in China, is pleased to announce its subsidiary, INGDAN.com has invested in GIPP Co., Ltd.*, a joint venture company of InfoDeliver and globally renounced Japanese electronics manufacturer - SONY. The joint venture will be responsible for the overseas management and operation of about a hundred thousand patents from over ten top-tier Japanese technology companies and providing business development advisory based on IngDan's ample industry resources.

As the China's leading AloT business service platform, IngDan has been introducing core AI technologies and chips from China and abroad to create its robust AloT ecosystem and supporting innovative projects in China. In recent years, the Japanese government has vigorously promoted AIoT; in March 2017, Japan's Ministry of Economy, Trade and Industry launched the Connected Industries Concept to promote the integration of manufacturing, robotics and big data and accelerate the development of smart industries.

In response, IngDan worked with many Japanese companies with cutting-edge technologies. Through the joint venture, IngDan will introduce those companies' technologies, from materials, chips, robots and smart cars etc., into the IngDan AIoT business service platform and to China, and to further enrich ecosystem resources, and promote Chinese enterprises in emerging industries.

Mr. Jeffrey Kang, CEO of Cogobuy Group, said, "After three years of careful development, the IngDan platform has grown into a huge AIoT ecosystem supporting a complete industrial chain for chips, modules, technology solutions suppliers, and finished product manufacturers. Our recent establishment of the joint venture in Japan shows that the IngDan business model is ready for introducing more outstanding Japanese technology suppliers to different industries in China. During the past, our major technology suppliers were mainly from the US, we see introducing Japanese leading technologies through the new joint venture as a new growth driver to the Group."

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About Cogobuy Group

Cogobuy Group is headquartered in Shenzhen, with offices and branches across major cities in China, including Hong Kong, Shanghai, Beijing, Wuhan, Chengdu, Nanjing, Hangzhou and Xi'an, as well as overseas branches in the United States, Singapore, Israel and Japan. The Group is comprised of Cogobuy.com, an IC Components Direct Sales Platform and INGDAN.com, the leading AIoT Business Service Platform. Cogobuy's AIoT ecosystem connects cloud computing and AI core technologies with the Group's expertise in edge computing, machine learning and deep customization. With the ecosystem, the Group aims to provide AIoT solutions to vertical industries such as smart cars, smart homes, robotics and customized AIoT chips. For further information, please refer to the Company's website at http://www.cogobuy.com/

SOURCE Cogobuy Group