INGDAN and Haier Join Up to Build Smart Homes

Cogobuy Group, the largest e-commerce platform serving the electronics manufacturing industry in China, has, in a recent announcement, said that INGDAN.com, the it’s intelligent hardware innovation platform, has formed a partnership with Haier to develop Smart Home Infrastructure.

Meanwhile, INGDAN.com and Haier recently jointly hosted the “2016 Haier U+ Makers Competition.” The competition included more than 200 startups and supported INGDAN.com and Haier’s joint ongoing build-out of a global smart home ecosystem.

Together, INGDAN and Haier have created the China Smart Life Industry Alliance (CSLIA) for the promotion and development of China's smart home industry. Through the partnership, Haier uses INGDAN to source smart technology solutions and become more proactively engaged in smart devices R&D for Haier product upgrades. INGDAN, for its part, attracts hundreds of small to medium-sized home appliance manufacturers at scale to transform their traditional home appliances into smart home appliances.

“We are glad to see early, positive results from the partnership between Haier and Cogobuy. As consumers move towards products that enable higher living standards, more and more traditional manufacturing enterprises are turning to INGDAN.com for transformation and product upgrades with more smart features,” said Jeffrey Kang, CEO, Cogobuy Group. “In addition to Haier, we are also working with other renowned household electrical appliance manufacturers in China. We expect growing demand from large traditional manufacturers to accelerate INGDAN.com's monetization, and grow GMV and earnings for Cogobuy Group. As we near the end of 2016, these developments point to our continued strong performance in the coming year.”

Additionally, in less than a week, the Shenzhen-Hong Kong Stock Connect will be launched on December 5th. As a participant in the scheme, the Group is anticipating further benefits and shareholder diversification.

Partnerships and thought leadership like this is critical to the development and adoption of consumer IoT, and seeing it happen in China, the biggest single consumer market  in the world, is extremely encouraging.