2,600+ exhibitors at HKTDC’s Houseware and Home Textiles Fairs

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Hong Kong, 20th April: The Hong Kong Trade Development Council (HKTDC) held its Hong Kong Houseware Fair and Hong Kong International Home Textile and Furnishings Fair from 20th to 23rd April 2018 at Hong Kong Convention and Exhibition Centre (HKCEC). The two concurrent shows featured more than 2,600 exhibitors from 26 countries and regions, attracting close to 49,000 buyers from 112 countries and regions. The total number of buyers increased by 1.5% compared with last year.

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Freeman acquires Info Salons

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Dallas, U.S., 17th April: U.S.-based Freeman, a global provider of integrated event services with estimated revenues of US$2.4 billion, announced that the company has agreed to acquire Info Salons, a provider of registration and attendee database management solutions. The financial details of the acquisition were not disclosed.

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Nangang venue to open Hall 2 in 2019

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Taipei, 19th April: The Taipei Nangang Exhibition Center will add 34,120 m2 in exhibition and meeting space next year. The delayed opening of Nangang International Exhibition Centre Hall 2 is now scheduled to open in March 2019. The estimated cost will be US$240 million. The new space will include exhibition and meeting space as well as a multi-functional conference hall that can be converted into 14 separate breakout rooms. When Hall 2 opens, the venue will feature more than 30 meeting rooms and be able to accommodate more than 5,000 exhibition booths.

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HKTDC concludes Spring Electronics and ICT Fairs

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Hong Kong, 13th April: The Hong Kong Trade Development Council (HKTDC) recently concluded its Hong Kong Electronics Fair (Spring Edition) and International ICT Expo at Hong Kong Convention and Exhibition Centre (HKCEC). The concurrent fairs attracted more than 98,000 buyers from 151 countries and regions, up 4% over last year. Running from 13th to 16th April, the two events featured more than 3,500 exhibitors from 25 countries and regions.

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Made-in-China.com’s revenues up 77% in 2017

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Nanjing, 18th April: Earlier this week, Focus Technology, the holding company of Made-in-China.com, reported its financial results for the year ended 31st December 2017. Total revenues were US$186 million in the year, rising an impressive 77% compared with the 2016 results. However, net profit dropped by 34%, down to US$11 million. The diluted earnings per share in the year were RMB 0.31 (US$0.048).

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Alibaba to fully acquire Ele.me

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Hangzhou, 2nd April: Earlier this week, the leading e-commerce company in China, Alibaba Group, announced the company will acquire the outstanding shares of Ele.me, a leading online delivery and local services platform in China.

 

Alibaba and its affiliate Ant Small and Micro Financial Services Group currently own about 43% of the outstanding voting shares of Ele.me. The transaction will value Ele.me at US$9.5 billion.

 

After the transaction, Ele.me will continue to operate in its own brand and Alibaba will support it through its infrastructure, product offerings and technology expertise. Founder of Ele.me, Zhang Xuhao, will become Chairman of Ele.me and special advisor to Alibaba’s CEO on new retail strategy. Wang Lei, Vice President of Alibaba Group, will become Chief Executive of Ele.me.