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Singapore & Thailand, 25th May: Verventia Pte Limited, the owner of the Singapore and Thailand Yacht Shows, and Asia RendezVous Pte Limited, organiser of the Phuket, Penang and Singapore RendezVous events, announced this week that the two companies had agreed to collaborate and to produce only one yacht show in Thailand and one show Singapore.

Macau, 30th May: Earlier this week, Macau’s Statistics and Census Service (DSEC) released its MICE statistics for the first quarter of 2018. A total of 328 MICE events were held in Macau in the quarter, representing a decrease of 38 events compared with the same quarter last year.

Shanghai, 17th May: Chinaplas 2018, the leading international trade show serving the plastics and rubber industry, concluded its recent edition in Shanghai in late April. The organiser reports that this year’s edition attracted nearly 181,000 professional trade visitors. That figure represents an increase of 22% over the previous edition held in Shanghai in 2016.

India, 24th May: UBM India opened its Concrete Show India 2018 on 24th May at the Bombay Convention and Exhibition Centre (BCEC) in Mumbai. The event concluded on 26th May.

China, 29th May: China’s largest e-commerce company, Alibaba Group and its subsidiary unit, Cainiao, have announced that they have agreed to acquire a 10% stake in ZTO Express, a Chinese express delivery company, for approximately US$1.38 billion.

Seoul, 30th May: The Seoul Tourism Organization (STO) has appointed Jae-sung Rhee, as its President and CEO for a three-year term. Former Executive Vice President of the Korea Tourism Organization (KTO), Rhee joined STO on 23rd April 2018. He worked at KTO for 33 years and has served in the position of director in every department at KTO.

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Bangkok, 22nd May: Earlier this month, international exhibition organiser, the Tarsus Group, held the inaugural edition of its Labelexpo Southeast Asia. The exhibition attracted nearly 8,000 trade visitors from 62 countries.

Shanghai, 18th May: The eighth edition of transport logistic China concluded in Shanghai last week attracting 667 exhibitors and more than 26,000 trade visitors to the three-day show.

Beijing, 21st May: Baidu, Inc., the leading Chinese language Internet search provider, announced the company has entered into an agreement with unnamed investors to sell its stake in the Global DU business, which provides ad and tools apps.

Shanghai, 22nd May: International event organiser, Comexposium, recently appointed a new CEO for the Asia Pacific region. Elaine Chia will officially take on the role of CEO on 16th July 2018. She is replacing Paul Lee, who will officially leave the company at the end of May.

Hong Kong, 9th May: Earlier this month, Hong Kong-listed Sino Splendid (formerly China.com) announced its results for the quarter ended 31st March 2018. The company reported total revenues of US$2.0 million in the quarter, down 12% compared with the first quarter of 2017. Sino Splendid recorded a net loss of US$1.1 million in the quarter compared with a loss of US$773,000 in 2017.

Beijing, 9th May: CCID Consulting, a Hong Kong-listed Chinese media group, has announced its results for the quarter ended 31st March 2018. Revenues in the period were US$3.8 million, representing a 28% increase compared with the same quarter in 2017. The company posted a net loss of US$373,000 in the quarter, compared with a loss of US$522,000 recorded last year.

Share price movement.

Bangkok, 27th April: This week, the China Great Wall International Exhibition Company (GIE), organiser of the China International Pet Show (CIPS), announced that the company has acquired a 50% stake in two pet shows in Bangkok organised by IMPACT. The financial details of the acquisition were not disclosed.

London, 15th May: Earlier this week, UBM plc released its trading update for the current financial year. During the period, UBM’s management reported good growth at some of its key events including Hotelex & FineFood in Shanghai. In addition, the Allworld integration work is also reportedly progressing well and its biennial show, Food and Hospitality Asia (FHA), in Singapore delivered strong growth.

Guangzhou, 15th May: International exhibition organiser, Hannover Milano Fairs Shanghai Limited (HMFS), will cooperate with Guangzhou Best Exhibition Company, to launch a logistics equipment and technology exhibition in southern China.

Hong Kong, 10th May: Last month, the Hong Kong Trade Development Council (HKTDC) organised seven fairs, which attracted more than 230,000 buyers from 176 countries and regions. That figure represents a 3% increase year-on-year. Over 130,000 of those buyers were from China and overseas. Overseas buyer numbers were up 4% compared with last year.

London, 15th May: This week, international event organiser, ITE Group plc, released its interim results for the six months ended 31st March 2018. Revenues for the period were £75.4 million (US$106 million), representing growth of 8% on a like-for-like basis. Profit before tax was £16.0 million (US$22.4 million), compared to £15.4 million (US$21.6 million) in the first half of the previous year. In addition, the company’s forward bookings for FY2019 were reportedly up 31%.