Hangzhou, 28th June: Earlier this week, China’s largest e-commerce company, Alibaba Group, announced it will invest approximately US$1 billion in the Lazada Group. The move will serve to increase its stake from the current position of 51% up to 83%.

Melbourne, 29th June: Beginning in 2019, the Asia-Pacific Incentives and Meetings Expo (AIME) will have a new organising company. Melbourne-based Talk2 Media and Events has been appointed as the new organiser of AIME.

Seoul, 28th June: Reed K. Fairs and SeoulMesse International have announced plans to combine their two beauty and cosmetics shows – InterCHARM Korea

Phnom Penh, Cambodia, 27th June: Cambodia will host its first travel tradeshow in November. Cambodia Travel Mart (CTM) 2017, organised by SlickBooth Holding Event & Public Relations and TTG Events, will run from 17th to 19th November at the Sokha Siem Reap Resort & Convention Center in Siem Reap.

Hong Kong, 26th June: The Hong Kong Trade Development Council (HKTDC) will launch a new event next month. The Hong Kong Sports and Leisure Expo will take place at the Hong Kong Convention and Exhibition Centre (HKCEC) and run from 21st to 25th July.

Hong Kong, 27th June: Earlier this week, Hong Kong-listed Pico Far East Holdings announced its interim results for the six months ended 30th April 2017. Revenues were US$220 million, a year-on-year decrease of 16% compared the same period last year.

Share price movement

Hangzhou, 12th June: As part of its globalization strategy, the Alibaba Group has announced the official launch of Tmall World, with the aim of connecting the 100+ million overseas Chinese market with the more than 1.2 billion products on its flagship Mobile Taobao app as well as on its other online platforms.

Cairns, 19th June: Queensland Treasurer Curtis Pitt recently announced that approximately A$176 million (US$134 million) of funding had been earmarked to upgrade and expand the facilities of the Cairns Convention Centre (CCC).

Hong Kong, 22nd June: Organised by UBM Asia, a UBM plc company, the June Hong Kong Jewellery & Gem Fair (June Fair) opened on 22nd June at the Hong Kong Convention & Exhibition Centre (HKCEC) and will run until 25th June.

Paris/China, 19th June: This week, Publicis Groupe, a leading global digital, data and technology company, announced a new partnership with the Alibaba Group’s subsidiary, Uni Marketing, a big data service provider focused on brand marketing.

Chiang Mai, 16th June: Thailand Travel Mart Plus (TTM+), a Thai travel trade show, has concluded in Chiang Mai following a two-year run. The event will relocate to Pattaya in 2018.

Shanghai, 13th June: Metal + Metallurgy China 2017, positioned as Asia’s largest exhibition serving the metal and metallurgical industries, was held at the Shanghai New International Expo Centre (SNIEC) from 13th to 15th June.

Share price movement

Hong Kong, 8th June: Pico Far East Holdings Limited’s “innovative and disruptive strategic platform,” P3 Innovation has formed a strategic alliance with OurCrowd, a leading global equity crowdfunding platform and venture capital fund based in Israel.

Shanghai, 10th June: The Alibaba Group’s cloud computing arm, Alibaba Cloud, recently announced at its Computing Conference in Shanghai that the company plans to establish two new data centres in Mumbai and Jakarta in the current fiscal year (ending on 31st March 2018).

Bangkok, 12th June: Billed as ASEAN’s largest food and beverage trade show, THAIFEX-World of Asia 2017, concluded recently after hitting a record number of attendees.

Berlin/Shanghai, 12th June: A new trade show serving China’s fresh fruit and vegetable industry will be launched in Shanghai next year. China Fruit Logistica will take place at Shanghai Convention & Exhibition Center of International Sourcing from 14th to 16th May 2018.

Wuhan, 14th June: Later this year in November, Conference & Exhibition Management Services (CMES) will launch its first Wuhan International Tourism Expo (WITE), from 23rd to 25th November 2017, at Wuhan International Expo Center (WIEC).

Bangkok, 9th June: Last week, Pico Thailand, the Thai-listed subsidiary of Pico Far East Holdings, released its results for the quarter ended 30th April 2017.