Chinese Regulator launches probe into news services

U.S., 11th August: It is being reported that earlier this year, the Cyberspace Administration of China (CAC) released the new regulations imposing more limitations on the news produced and distributed by online platforms. Earlier this month, the Beijing and Guangdong branches of CAC began investigating reports of news content featuring “violence, pornography and rumours disruptive to the social order.”

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HKCEC hosted 8 new exhibitions in FY2016/17

Hong Kong, 8th August: In the previous financial year, the Hong Kong Convention and Exhibition Centre (HKCEC) announced that it hosted a total of 1,102 events, including 116 exhibitions, 104 conferences and hundreds of corporate meetings, banquets and entertainment events. HKCEC’s fiscal year ran from July 2016 to June 2017. Over 5.7 million visitors attended these events. Eight new exhibitions and 36 new conferences were held at HKCEC during the fiscal year.

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NSW earmarks funding to attract business events

Australia, 4th August: Recently, the New South Wales (NSW) government launched its “Regional Conferencing Strategy & Action Plan” which is designed to drive more conventions, meetings and business events to the rural and regional areas of the state. The government has earmarked a budget of A$6 million (US$4.8 million) to fund the initiative.

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BOL’s profit up 13% in Q2

Bangkok, 8th August: Earlier this week, Business Online (BOL), a leading online information service provider in Thailand, reported its financial results for the quarter ended 30th June 2017. Revenues in the period were US$3.2 million, representing year-on-year growth of 5.2%. The company’s net income increased 13% in the quarter – amounting to US$820,000.

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Sino Splendid records large loss in first half

Hong Kong, 8th August: Hong Kong-listed Sino Splendid (formerly China.com) has released its results for the six-month period ended 30th June 2017. Revenues in the first half were US$5.5 million, a year-on-year decrease of 10%. The company attributed the decline to a fall in revenues from its Travel Media Business. The company posted a large loss of US$22 million, compared with a profit of US$3.3 million in the same period of 2016.

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CCID Consulting’s profit jumps 72% in first half

Beijing, 3rd August: Last week, CCID Consulting, an IT research and information service provider in China, posted revenue growth of 15% in the first half of 2017, amounting to US$9.8 million. Profit in the six-month period was US$1.3 million, representing a jump of 72% compared the same period in 2016. Earnings per share were RMB 0.0076 (US$0.0011).

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Baidu’s profits jumps 83% in Q2

Beijing, 27th July: Last week, Baidu, the leading Chinese language Internet search provider, announced its financial results for the quarter ended 30th June 2017. Total revenues in the quarter were US$3.1 billion – representing a 14% increase over the same period in 2016. Net income in the second quarter of 2017 jumped 83% year-on-year amounting to US$651 million. Diluted earnings per share in the period were RMB 11.31 (US$1.67).

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