HONG KONG, Sept. 17, 2017 /PRNewswire/ -- Cogobuy Group ("Cogobuy" or the "Company", stock code: 400.HK; with its subsidiaries (the ''Group'')), the largest e-commerce platform serving the electronics manufacturing industry in China, is pleased to announce INGDAN.com has entered a strategic partnership with Samsung Electronics Co., Ltd. ("Samsung") (OTCMKTS: SSNLF), to connect Samsung's ARTIK™ IoT Platform (ARTIK™) with INGDAN.com users and the INGDAN.com resource supply chain ecosystem, strengthening their respective edges to capture the Trillion-RMB IoT market opportunities in China.
According to the latest market research, 65% of enterprises are currently applying IoT technology enhancements to their products and services, and the number of IoT enabled devices is on track to reach 50 billion globally by 2020. Samsung ARTIK™ is a latest end-to-end integrated IoT platform solution that unifies hardware, software, cloud, security, and partner ecosystems into a single, integrated offering. By providing easy to use, open and enterprise grade APIs (Application Programming Interface), SDKs (Software Development Kit), and tools to mitigate the complexity of IoT, ARTIK™ enables corporates to reduce the time, cost, and risk associated with developing new IoT products and services.
Samsung's partnership with INGDAN.com, the largest IoT innovation business platform in China, is strategic on several levels. INGDAN.com has hosted over 20,000 innovation projects, maintains a substantial client base along the IoT industry chain, and offers competitive integrated solutions—such as its Smart Home Ecosystem with the Haier U+ platform and Unisound, and open AI platform, the Kelper System (K-System), launched in May 2017. The partnership with Samsung ARTIK™ will strengthen INGDAN.com's abilities in providing turn-key AI solutions for chips, software, cloud, and data services helping companies to upgrade or develop AI enabled products and services.
Mr. Jeffrey Kang, CEO of Cogobuy Group, said, "According to China's Ministry of Industry and Information Technology, machine-to-machine or 'M2M' connections in China have surpassed 100 million connections, while market output from core IoT industries has surged from RMB 170 billion in 2009 to RMB 930 billion in 2016, a CAGR of 25%.
As one of the few first movers who foresaw the rise of IoT, Cogobuy spent years laying groundwork for INGDAN.com, which has now hosted over 20,000 projects. Our latest cooperation with Samsung ARTIK™ is expected to further solidify our leading position across China's IoT industries. By bringing together Samsung's cutting-edge technologies and INGDAN.com's client resources, we are confident in our potential to grow in the IoT market in China for years to come."
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 visit the Company's website at http://www.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". For further information, please visit the Company's website at http://www.ingdan.com/
About Samsung ARTIK™
Samsung ARTIK™ is the integrated Smart IoT platform providing path to secure, interoperable, and intelligent IoT products and services. Samsung ARTIK™: unifies hardware, software, cloud, security, and partner ecosystem in a single integrated offering; hides the inherent complexity of IoT behind easy to use, open, and enterprise grade APIs, SDKs, and tools; and enables any device to interact with any 3rd party device, app, or service. Using Samsung ARTIK™ modules, cloud APIs, and tools, enterprises can quickly bring new IoT solutions to market. To learn more about Samsung ARTIK™ smart IoT platform, visit https://www.artik.io/
SOURCE Cogobuy Group