Cogobuy Q1 IC Components Sales Recover as IngDan's AIoT Business Service Platform Generates Substantial Surcharges
The Company's IC components direct sales recovered in the first quarter of 2018, and INGDAN.com was upgraded into an AIoTBusiness Service Platform.
- The Company's IC components direct sales recovered in the first quarter of 2018, and INGDAN.com was upgraded into an AIoTBusiness Service Platform.
- In the fourth quarter of 2017, the Company set out to transform its corporate development strategy to an AIoT Business Service Platform + IC Component Trading Platform dual business model, primarily dealing in IC and AIoT, to best capture the flood of new opportunities arising from the manufacturing sector.
- INGDAN.com's new AIoT Business Service Platform has three sources of revenue: (i) IC chip sales; (ii) development and sales of the Group's patented AI modules, and (iii) monetization from incubating high-potential AIoT projects.
- The Group is comprised of Cogobuy.com, an IC Components Direct Sales Platform and INGDAN.com, the leading AIoT Business Service Platform.