Alibaba’s full year revenues jump 51% to US$56b

Hangzhou, 15th May: Earlier this week, China’s largest e-commerce company, the Alibaba Group, announced its financial results for the quarter ended 31st March 2019 as well as its results for the financial year ended 31st March 2019. The company recorded revenues of US$14 billion in the quarter, which was an increase of 51% year-on-year. Net income in the period jumped more than 240%, reaching 3.8 billion.

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Reed acquires PackPlus India

India, 1st May: Last week, Reed Exhibitions, an international leading exhibition organiser, announced that the company has acquired PackPlus, a portfolio of trade fairs serving the Indian packaging industry. Financial details of the acquisition were not disclosed.

PackPlus, previously owned by Next Events, was launched in 2006 and has its flagship annual event in Delhi. Today, the PackPlus portfolio also includes PackPlus South (Bangalore/Hyderabad) and the India Packaging Show in Mumbai.

This is Reed Exhibitions third recent acquisition with Indian elements following the Big7 and Mack Brooks deals earlier in the year.

Gregory Zaraisky, CEO, Reed Exhibitions India, stated, “For a long time we were intrigued by the evolution and progress of PackPlus, and we are delighted to take the baton and add our global experience, energy and resources to this exciting portfolio… The acquisition of PackPlus marks our third deal in India this year and an important step in our strategy. We are extremely committed to the market and the industries we serve. We welcome the PackPlus team into our family and together we will write the next chapter in RX’s growth story in India.”

Sources: Reed Exhibitions press release, Reed Exhibitions China press release, Exhibition News article, Exhibition World article

HKTDC fairs in April attract 236,000+ buyers

Hong Kong, 7th May: Last month, the Hong Kong Trade Development Council (HKTDC) organised seven fairs, which attracted more than 236,000 buyers from 181 countries and regions. That figure represents a 2% increase year-on-year. Over 140,000 of those buyers were from China and overseas, up 4.5% compared with the previous edition.

The HKTDC’s seven fairs were: Hong Kong International Lighting Fair (Spring Edition), Hong Kong Electronics Fair (Spring Edition), International ICT Expo, Hong Kong Houseware Fair, Hong Kong International Home Textiles and Furnishings Fair, Hong Kong Gifts & Premium Fair, organised by the HKTDC, as well as the Hong Kong International Printing & Packaging Fair which was jointly organised by the HKTDC and the CIEC Exhibition Company (HK) Limited.

According to the Hong Kong Tourism Board (HKTB), per capita spending of overnight MICE visitors during the seven trade fairs was HK$8,218 (US$1,050), which resulted in revenues of more than HK$1.3 billion (US$166 million) benefiting Hong Kong’s tourism and other related industries.

Benjamin Chau, HKTDC Deputy Executive Director, said, “The development of innovative technologies and smart products has become a major global trend. The seven April fairs offered an international trading platform for industry players to showcase their latest designs and innovations to global buyers and to test market response at first-hand. In addition, the HKTDC incorporated more innovation and technology (I&T) elements into the fairs to create additional opportunities for industry players and to bolster Hong Kong’s standing as the business hub of Asia and an international trade fair capital.”

Sources: HKTDC press release, Exhibition World article

Vending machine show in Shanghai attracts 20,000+ visitors

Shanghai, 6th May: The 16th edition of the China International Self-service, Kiosk and Vending Show (CVS) concluded in Shanghai last month attracting more than 300 exhibitors, 100 media partners and more than 20,000 professional trade visitors.

Organised by Expo Promoter, the show ran from 25th to 27th April at Shanghai New International Expo Centre (SNIEC). CVS 2019 is positioned as Asia’s largest vending show. The show covered key categories such as automated vending machines, facial recognition technology, smart unmanned stores, 3-D food printing. Overall, CVW covered a total exhibition area of 20,000 m2.

The Shanghai International Unmanned Business Forum was held along side CVS featuring academics, investors, leading retailers, community service providers, and institutions. Discussions covered: unmanned business development, integration between new retail and unmanned retail, as well as industry regulations and key trends.

Source: PR Newswire article

INTERSCHUTZ expands to China

Shanghai, 8th May: Deutsche Messe, an international exhibition organiser, will expand its INTERSCHUTZ portfolio to Shanghai this November under the name, “CEFE powered by INTERSCHUTZ.”

CEFE – China Emergency and Fire Exhibition was first held in 2017, the safety and security industry. With support of INTERSCHUTZ, the world’s leading trade fair for fire and rescue services, civil protection, safety and security, the new show aims to accelerate the development of key technologies and equipment, optimize industrial structure, promote needs-based development in the emergency services industry and improve international communication and cooperation.

CEFE powered by INTERSCHUTZ is organised by Deutsche Messe, the China National Machinery Industry International Company (SINOMACHINT), the Guangzhou Lisheng Exhibition Company, the Guangdong Xinhaijun Development Company and the China Association for Disaster Prevention.

It will take place at Shanghai New International Expo Centre (SNIEC) running from 5th to 7th November 2019. It is expected to occupy an area of about 20,000 m2. Nearly 300 companies will showcase at the new show and it is expected to attract approximately 10,000 industry professionals. Product categories covered will include fire brigades, rescue services, monitoring and early warning systems, preventive fire protection, civil protection and protective equipment.

Dr. Andreas Gruchow, Managing Board member at Deutsche Messe, commented, “By launching CEFE powered by INTERSCHUTZ, we are strengthening the international appeal of the INTERSCHUTZ brand. Exhibitors who enter the Chinese market through us will benefit. And INTERSCHUTZ in Hannover will in turn benefit from the strengthening of our connections to the Chinese market and our ability to attract exhibitors and visitors to the Hannover exhibition venue.”

Source: Hannover Milano Fairs China press release

Sino Splendid’s revenues up 61% in Q1

Hong Kong, 8th May: Earlier this week, Hong Kong-listed Sino Splendid (formerly China.com) announced its results for the quarter ended 31st March 2019. The company reported total revenues of US$3.2 million in the quarter, representing growth of 61% compared with the first quarter of 2018. Sino Splendid posted a net profit of US$170,000 in the quarter, compared with a loss of US$1.1 million in 2018. Earnings per share in the period were HK$0.0035 (US$0.0004).

Sino Splendid attributed the revenue increase to the growth of its Travel Media Business. Its Travel Media Business’ revenues rose 78% year-on-year, reaching US$2.3 million and accounting for 71% of Sino Splendid’s total revenues. The remaining revenues were generated from its financial magazine business (US$674,000) and its money lending business (US$243,000).

According to the company, TTG performed well in the quarter, increases were recorded by the ATF event management project that the company did not organise in the previous year. Travel Trade Publishing also completed three special projects in the quarter: four issues of the ATF 2019 show dailies in Vietnam; three issues of ITB Berlin 2019 show dailies; and three issues of IT& CM China 2019 show dailies. TTG Events organised three separate events in the same period: ATF 2019, IT&CM China in Shanghai, and CTW China also in Shanghai.

Source: Sino Splendid announcement

CCID Consulting narrows loss in Q1

Beijing, 8th May: Hong Kong-listed Chinese media group, CCID Consulting, has recently released its results for the quarter ended 31st March 2019. Revenues in the period were US$4.6 million, representing a 28% increase year-on-year. The company recorded a net loss of US$230,000, less than the loss of US$373,000 in the same quarter last year.

CCID’s information engineering supervision services became its largest business segment, accounting for 53% of total revenues. The business segment generated revenues of US$2.4 million, which represents an increase of 115%. The company’s management maintains that the increase was mainly due to investments and growth of its information business services.

Management & strategy consultancy services, its second largest business segment, generated revenues of US$1.8 million – accounting for 40% of total revenues. That business segment fell by 20% compared with the previous year because of the company’s investment and focus on other segments. The remaining revenues were generated from its market consultancy services – and amounted to US$323,000.

Source: Hong Kong Stock Exchange announcement