HONG
KONG, Nov. 21, 2023 /PRNewswire/ -- ICZOOM
Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B
electronic component products e-commerce platform, announced today
that the Company was named to the influential 2023 China Top 100
Industrial Digitization List. ICZOOM received the prominent award
along with Alibaba B2B, Ouyeel Yunshang, Guolian Co., Ltd.,
Huitongda, Huaneng Zhilian, Shanghai Ganglian, and other
top-ranking companies.
The latest ranking was unveiled at the 10th Industrial
Digitalization Conference with the theme of "New Space, New Engine,
New Channel, and New Support" in Nanjing, China, where more than 300 government leaders,
experts, scholars, entrepreneurs, and investors from across the
country gathered to discuss the new trend of the platform economy
development and industrial digital development.
ICZOOM's CEO, Mr. Lei Xia, commented, "ICZOOM's repeat inclusion
on the influential 2023 China Top 100 Industrial Digitization List
is a huge honor for all of us. This is a testament to our Company's
leadership through our electronic components e-commerce platform,
and the hard work of our entire team. We continue to invest in
enhancing our platform as we strive to extend our leadership
through the continuous upgrading and improvement of our SaaS
technology and services. We believe we have the most robust
platform solution available, as we help small and micro-electronics
enterprises successfully complete their digital
transformation."
As one of the most intuitive modes of industrial digitalization,
the platform economy is supported by a new generation of
information technologies, such as big data, and artificial
intelligence, which play an important role in the efficient
allocation of resources, smooth economic circulation, and enabling
industrial upgrading. It is estimated that China's national industrial digital
transactions will reach 21.2 trillion
yuan, a year-on-year increase of 6.5%, and the level of
industrial digital development has been steadily improving, with a
growth rate higher than that of 4.2% of the national e-commerce
transaction scale, and the momentum is still strong (source:
Toby.com).
The proprietary Internet platform for the electronic components
industry built by ICZOOM is positioned to benefit from this rapid
growth. ICZOOM's comprehensive supply chain service addresses
product selection, matching, order execution and delivery,
intelligent warehousing, smart logistics, financing matching, SaaS
services and other supply chain services for a large number of
small and medium-sized batches/small and medium-sized enterprise
supply and demand orders at a low service cost through online
transactions and emerging technology support such as big data and
artificial intelligence.
About China's Top 100
Industrial Digitalization List
The "Top 100 Chinese Industrial Digitalization List" has been
released by Toby.com since 2015. The final results of the annual
selection are calculated by scientific algorithms based on several
dimensions, such as corporate revenue, GMV data, profit data,
listings, financing data, news dissemination data, enterprise and
website traffic data, and other information publicly disclosed.
About the China Industrial Digitalization Conference
The annual China Industrial Digitalization Conference was held
in Beijing in 2014, Nanchang in 2015, Shanghai in 2016, Ningbo in 2017-2019, and Nanjing in 2020-2023. It is estimated that
more than 80% of the heads of industrial digital enterprises in
China have participated in the
conference, with the largest number exceeding 2,000 people.
About ICZOOM Group Inc.
ICZOOM Group Inc. (Nasdaq: IZM) is primarily engaged in sales of
electronic component products to customers in Hong Kong and mainland China through its B2B e-commerce platform.
These products are primarily used by China based small and medium-sized enterprises
("SMEs") in the consumer electronic industry, Internet of Things
("IoT"), automotive electronics and industry control segments. By
utilizing latest technologies, the Company's platform collects,
optimizes and presents product offering information from suppliers
of all sizes, all transparent and available to its SME customers to
compare and select. In addition to the sales of electronic
component products, the Company also provides services to customers
such as temporary warehousing, logistic and shipping, and customs
clearance. For more information, please visit the Company's
website: http://ir.iczoomex.com/index.html.
Forward-Looking Statements
Certain statements in this announcement are forward-looking
statements. These forward-looking statements involve known and
unknown risks and uncertainties and are based on the Company's
current expectations and projections about future events that the
Company believes may affect its financial condition, results of
operations, business strategy and financial needs. Investors can
identify these forward-looking statements by words or phrases such
as "anticipate," "estimate," "plan," "project," "continuing,"
"ongoing," "expect," "we believe," "we intend," "may," "should,"
"will," "could" and similar expressions. The Company undertakes no
obligation to update or revise publicly any forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results and encourages investors to
review other factors that may affect its future results in the
Company's registration statement and other filings with the U.S.
Securities and Exchange Commission.
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SOURCE ICZOOM