Cogobuy, Partnership With Samsung to Connect Samsung's ARTIK™ IoT Platform

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Monday, September 18th, 2017

[HONG KONG] Cogobuy Grou, the largest e-commerce platform serving the electronics manufacturing industry in China, is pleased to announce on September 18 that 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."

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