Cogobuy, established in 2011 by Cogo Group (NASDAQ: COGO) — one of China’s largest electronics components distributors, is an online retailer for electronics components.

Thanks to the success of its parent company, Cogobuy would quickly gain traction. The annual transaction volume through Cogobuy in 2013 increased four fold than the previous year that reached RMB4 billion (more than US$60mn).

Cogobuy is one of the most active backers of smart hardware in China. With the emergence of smart hardware movement worldwide, we saw increasingly more makers, not only from China but also from the rest of the world, began to flight to Shenzhen area, one of China’s manufacturing hubs and where Cogobuy is based. Shenzhen doesn’t only accommodate veteran electronics manufacturers, but also is full of  various, low-cost electronics components.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com