Hangzhou, 1st February: Alibaba Group, the leading e-commerce provider in China has agreed to purchase a 33% stake in Ant Small and Micro Financial Services Group Company (Ant Financial).Read More
Bangkok, 1st February: Last week, the Thailand Convention and Exhibition Bureau (TCEB) reported that more than 350 conventions will be held in Thailand in the first half of 2018. About 45% will be held in Bangkok and the remaining 55% will be held in other cities including Chiang Mai, Pattaya, Phuket, and Khon Kaen.Read More
Hangzhou, 1st February: Last week, the Alibaba Group, the largest e-commerce company in China, announced its results for the quarter ended 31st December 2017. The company reported total revenues of US$13 billion – up 56% year-on-year. The group’s net income recorded 25% growth, amounting to US$3.6 billion.Read More
London, 1st February: London-based Clarion Events, a leading global events organiser, has recently completed a “merger” with Global Sources, a Hong Kong-based exhibition organiser and B2B online marketplace operator. Terms of the transaction were not disclosed. Funds managed by Blackstone, a private equity group, will control the combined group.
After the merger, the combined group will be a global player in the B2B events industry organising some 200 events annually across Asia, Europe and North America, and generating revenues of more than US$370 million.
Although the press release positions this transaction as a merger, it appears to be closer to a Clarion acquisition. According to Blackstone’s press release, Clarion’s management team, including CEO Russell Wilcox and Chairman Simon Kimble, will lead the combined group. The group operate under the name of Clarion Events, while retaining the Global Sources brand in Asia.
Russell Wilcox, commented, “This merger marks an important milestone for both companies as we embark on an exciting new chapter. With the support of Blackstone, the new Group is well positioned to take advantage of our combined scale and global platform. We look forward to working with the Global Sources management, and believe that the remarkable expertise and capability of the combined company offers a very strong opportunity for future growth.”
Source: Blackstone press release
Paris, 30th January: Earlier this week, UFI, the Global Association of the Exhibition Industry, released its latest biannual, Global Barometer Survey, reflecting the state of global trade show industry. The survey revealed that the majority of survey participants anticipate growth in 2018.
More than 70% of companies in the Americas, Europe and Asia-Pacific recorded an increase of their revenues in the second half of 2017, while slightly more than half of companies in the Middle East – Africa region reported growth. Looking ahead to 2018, about 80% of companies in the Americas, Europe, the Middle East and the Asia-Pacific remain optimistic about growth this year. South Africa was the only weak spot with just 25% expecting growth.
The survey was conducted in January and was based on data from 290 companies in 53 countries. The Barometer offers detailed insights on 14 major markets including: Australia, Brazil, China, Germany, India, Indonesia, Italy, Macau, Mexico, Russia, South Africa, Thailand, the U.K. and the U.S.
Kuala Lumpur, 26th January: The upcoming edition of the Malaysian International Furniture Fair (MIFF) 2018 is expected to expand by 25% reaching 100,000 m2. Running from 8th to 11th March, MIFF will be held at two venues – the newly opened Malaysia International Trade and Exhibition Centre (MITEC) and Putra World Trade Centre (PWTC).
Organised by UBM, MIFF 2018 will feature greater international participation, about one-third of the 600 exhibitors will be international – including companies from mainland China, Taiwan, South Korea, Indonesia, Hong Kong, Singapore, Japan, U.S., Turkey, India, Thailand and Vietnam.
DesignRena, a new feature at the show, offers an opportunity for 80 top Malaysian manufacturers to showcase their products in lifestyle setting atmosphere. In addition, the MIFF Timber Mart, targeting wood and products suppliers & buyers and Millennials@Design (MAD), an area featuring ready-to-market furniture by young designers – have both been added to the show.
Karen Goi, MIFF General Manager, said, “MIFF 2018 will be an incredible buying experience for visitors. There will be an exciting mix of merchandise to choose from with the pool of designs, colours and emerging trends converging at the show. There will be products for every budget. Due to the high diversity of buyers from around the world coming here, more and more international exhibitors are looking to MIFF for opportunities to export to third countries, be it to Southeast Asia, Asia or other emerging markets.”
Source: UBM press release
Sabah, 30th January: The Sabah Convention Bureau, which was just established in January 2018, will focus on attracting new events to that region, according to its management.
Sabah is the third Malaysian state to establish its own convention bureau, after Sarawak and Penang. The Sabah Convention Bureau is headed by Gordon Yapp, who previously general manager of Sabah Tourism Board. Yapp reports to the Ministry of Tourism, Culture and Environment Sabah. Yapp stated that his first task is to build a strong team, prepare the bureau to generate leads, and develop marketing collateral.
Yapp commented, “We want to attract regional and Asian corporate incentives and association meetings of up to 3,000 delegates. The key sectors we wish to attract for meetings here in Sabah are related to biodiversity, marine life, education, medical, science and the arts (areas the state is strong in).”
Source: TTGmice article
Bangkok, 1st February: Thailand’s largest exhibition venue, the IMPACT Exhibition and Convention Center, reported the venue would reach its revenue target of 2.7 billion baht (US$86 million) by the end of its financial year in March 2018. In the fourth quarter of 2017, IMPACT hosted 164 events, a 55% year-on-year increase.
Paul Kanjanapas, managing director of IMPACT Exhibition and Convention Center, stated, “The upsurge in clients’ catering service requirements escalated rapidly due to the increasing demand for parties in companies and individuals, particularly from November 2017 to February 2018.”
Source: TTGmice article
Hong Kong, 1st February: The Hong Kong Trade Development Council (HKTDC) officially launched the first phase of its Marketplace App at four consumer fairs last month. The rollout will take place in three phases. This follows a soft launch in November last year.
The HKTDC Marketplace App includes an e-Badge feature, which was reportedly well received and will be introduced at most of the HKTDC’s trade fairs this year. Other features in the new app include: HKTDC product magazines and supplements, the HKTDC Online Marketplace and hktdc.com’s “Small Orders.”
In addition to the Marketplace App, the HKTDC has also revamped its trade fair websites and launched a new Exhibitions Online platform. According to HKTDC’s Assistant Executive Director, Sophia Chong, phases two and three of the app will be rolled out in the next 24 months.
Source: TTGmice article
Table 1: Stock price of selected media companies, as of 30 January 2018
Table 2: Share price movement in B2B media companies involved in Asia
Table 3: PE Ratios of listed Asian B2B media companies
Figure 1: BSG B2B Media Index vs. All Tracked B2B Stocks (price movement over past 12 months)
Figure 2: BSG B2B Media Index vs. All Tracked B2B Stocks (price movement since January 2018)