Business & Finance
Cogobuy to form AI + healthcare industrial center in Xiamen, China under business strategic planning and business growth
8 January 2018 -

e-commerce platform Cogobuy Group (stock code:400.HK) disclosed on Friday the launch of a strategic cooperation agreement with the People's Government of Xiang'an Xiamen to construct the first healthcare industry centre in Xiamen, China, under its " Commercialization + IC Component Trading Platform" dual business model.

The company expects its performance to be back on track this year as the commercialisation service income increases and direct sales business rebounds.

Under the terms of the agreement, the People's Government of Xiang'an Xiamen, Cogobuy and Deloitte Enterprise Consultants (Shenzhen) Company Limited will jointly establish a new healthcare center in Xiamen's Xiang'an District.

Via this agreement, the companies will focus on promoting healthcare projects, establish healthcare industry investment funds as well as the build out of a new healthcare medical data platform. Healthcare has been a new industry which has started adopting AI technology applications. platform now hosts over 1,000 healthcare innovation projects, many of which are likely to be gradually introduced to the new healthcare center. In 2018, serving innovative SMEs in emerging industries and applying AI technologies to upgrade traditional enterprises will be the business key points.