Hong Kong, 7th January: The Hong Kong Trade Development Council (HKTDC) concluded its Hong Kong International Licensing Show this week. The event featured more than 400 exhibitors and over 23,000 visitors from around the world.
The HKTDC claims that it is Asia’s largest and the world’s second largest event of its kind. The 17th edition of the Licensing Show ran from 7th to 9th January at the Hong Kong Convention and Exhibition Centre (HKCEC). This year’s event featured pavilions from China, Japan, Korea, Malaysia, Thailand, Taiwan, and the first time from Indonesia.
The 8th Asian Licensing Conference was held concurrently with the Licensing Show running from 7th to 8th January. About 30 global licensing experts shared insights on the latest industry trends across various sessions. More than 1,300 attendees joined the conference during its two-day run.
HKTDC Executive Director Margaret Fong commented, “The licensing industry has been showing an upward trend, with global sales of licensed products reaching US$271 billion in 2017, an increase of 3.3% on the previous year. The regional story was even more impressive, with sales growing by 5.8% to US$31.6 billion and accounting for 11.6% of the world total… The Mainland China market showed an increase of 10.3%, topping the world growth chart and continuing to be a significant driver of the global licensing industry.”