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Cogobuy Selected as a Forbes Asia's Fabulous 50

2017-08-28 08:00
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HONG KONG, Aug. 28, 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 that it has been selected by Forbes as one of the ''Forbes Asia's Fabulous 50" this year, amongst the stellar lineup of high-performance blue chips in the region.

Forbes picked Asia's Fabulous 50 companies from 1,694 public companies across the Asia-Pacific region, representing the region's best of the best in terms of their performance. Annual revenue of the selected companies must reach at least US$1.8 billion (RMB11.097 billon). Companies were then analyzed with a series of more than a dozen financial measures. Companies that are losing money or whose revenues fell below levels attained five years ago are not eligible. The list also excludes companies that have high gearing ratios, are more than 50% state-owned or more than 50%-owned by listed parents.

According to Forbes' description, Cogobuy, together with three other Fabulous 50 companies – Baidu, Alibaba and Tencent, joined China's first industry alliance to tap the booming artificial intelligence industry in July this year.

Please click the below link for official announcement:
https://www.forbes.com/fab50/list/#header:marketValue

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 refer to the Company's website at http://www.cogobuy.com/

Source: Cogobuy Group

Related stocks: HongKong:0400 HongKong:400

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