INGDAN.com Works with Intel on Cultivating Robotics Ecosystem

In a recent release, Cogobuy Group, an e-commerce platform serving the electronics manufacturing industry in China, has announced that INGDAN.com has achieved a milestone in its collaboration with Intel to build a robotics innovation ecosystem. INGDAN has consolidated core module suppliers for the robotics industry, and provides one-stop support to robotics companies, especially in intelligent modeling and core components with the goal of creating a true robotics ecosystem. In the past twelve months, the company reportedly has engaged and supported 136 AI and robotics companies, assisting them from concept-to-manufacturing, and even identifying a number of promising ventures among them.

Last July, INGDAN.com and Intel teamed up to create this robotics innovation ecosystem, aimed at promoting technological advancement of the industry, incubation, and professional operations. Founding the first ever "Robotics Innovation Center" in Shanghai and INGDAN's new closed ecosystem for resource matching and sharing. The ecosystem currently accommodates more than 1,000 robotics companies and 300 upstream suppliers.

Cogobuy's partnership with Intel was also designed to boost development in the robotics industry. It hosted the Intel AI and Robotics Innovative Ecosystem Forum, and a robotics competition, on July 6, which focused on the future of AI and robotics boom and showcased Cogobuy’s position in the robotics ecosystem alliance.

“After recent calls by Chinese government for a robotics revolution, China's robotics industry is booming,” said Jeffrey Kang, CEO, Cogobuy Group. “According to the latest forecast from the International Data Corporation (IDC), China will more than double its spending on robotics and related services, from $24.6 billion in 2016 to $59.4 billion in 2020. Our partnership with Intel to promote robotics innovation will facilitate the industry's overall efficiency and help more companies manufacture their designs. We are proud to have achieved the establishment of the new robotics ecosystem, and together with Intel, we plan to make it the most cost-effective one in China.”