Share price movement in B2B media companies involved in Asia
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Read MoreChina, 24th March: Earlier this week, GL events announced plans to acquire 60% of Shenzhen Sheng Shi Peng Cheng Exhibition Company subject to approval from the Ministry of Commerce of the People’s Republic of China (MOFCOM). Financial details for the acquisition were not released.
Read MorePenang, 26th March: Recently, the Penang Convention & Exhibition Bureau (PCEB) released its annual review for the year 2018. According to the bureau, the business events sector in Penang recorded an estimated economic impact of RM1.3 billion (US$322.7 million), representing an increase of 31% over the 2017 figures.
Read MoreHangzhou, 21st March: Jack Ma, Alibaba’s co-founder, will step down as chairman of the board of directors at the Alibaba Group in the coming September. Recently, it was reported he has also relinquished his active roles in five subsidiaries.
Read MoreTokyo, 21st March: Messe Düsseldorf, an international exhibition organiser, has appointed Akiko Ohara as General Manager of Messe Düsseldorf Japan, succeeding Dr. Andreas Moerke. After 12 years in Japan, Dr. Moerke will return to a management position at the company’s home base in Germany as of 1st August 2019. The appointment of Ms. Ohara represents the first time Messe Düsseldorf has appointed a woman to the top position in one of its international subsidiaries.
Read MoreShenzhen, 25th March: Messe Frankfurt will launch a new fair for the advanced materials and innovative manufacturing technology and equipment sector in Shenzhen. Formnext + PM South China will run from 9th to 11th September 2020.
Read MoreHong Kong, 26th March: Earlier this week, the HC Group, an online B2B information services provider in China, reported total revenues of US$1.52 billion for the year ended 31st December 2018. That represents growth of 185% year-on-year. The revenue growth was mainly from HC’s smart industries segment – its well-developed B2B trading platform.
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Read MoreHong Kong, 20th March: Last week, Hong Kong-listed Sino Splendid (formerly China.com) announced its full year results for the year ended 31st December 2018. The company reported revenues of US$12 million in the year, increasing slightly by 1.5% year-on-year. Meanwhile, the company narrowed its net loss for the year, down to US$3.7 million compared with the loss of US$23 million in 2017.
Read MoreLondon, 18th March: Earlier this week, international event company, Terrapinn, announced the company has acquired Accounting Business Expo and Accountech Live from National Media.
Read MoreIndia, 13th March: International exhibition organiser, NürnbergMesse, announced the acquisition of India Mattresstech Expo, through its Indian subsidiary, NürnbergMesse India. No financial details for the acquisition were released.
Read MoreBangkok, 14th March: Thailand Convention & Exhibition Bureau (TCEB) unveiled a new initiative for the ASEAN region. Together with Thai Airways, the two organisations jointly launched the ASEAN MaxiMICE campaign, targeting MICE travellers from Indonesia, Malaysia, Philippines and Singapore. According to TCEB, in 2018 ASEAN MICE arrivals grew 58%.
Read MoreHong Kong, 15th March: The Hong Kong Trade Development Council (HKTDC) opened the 23rd edition of the Hong Kong International Film and TV Market (FILMART) this week, featuring about 880 exhibitors from 35 countries and regions.
Read MoreParis/Tokyo, 15th March: Over 300 delegates from 22 countries and regions attended the sold-out UFI Asia-Pacific Conference this week in Tokyo, making it the biggest edition in the event’s 14-year history. Held at Tokyo Big Sight from 14th to 15th March, it marked the first time that UFI has held the annual Asia-Pacific industry conference in Japan.
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Read MoreKuala Lumpur, 8th March: Malaysian International Furniture Fair (MIFF), Malaysia’s largest furniture fair, celebrated its 25th anniversary this year. Some 600 exhibitors from 14 countries and regions attended the exhibition this year.
Running from 8th to 11th March, MIFF was held at two separate venues in Kuala Lumpur, Malaysia International Trade and Exhibition Centre (MITEC) and Putra World Trade Centre (PWTC). According to the organiser, UBM Malaysia (a subsidiary of Informa Global Exhibitions), pre-registered international buyers increased by 10% at this edition with strong numbers from North America, Africa and Eastern Europe.
Shenzhen, 11th March: The inaugural edition of SIGN China – Shenzhen, LED CHINA – Shenzhen and Digital Signage – Shenzhen concluded last month, held at the Shenzhen Convention & Exhibition Center (SZCEC). The co-located events featured over 550 brands.
Organised by UBM Trust, the co-located shows ran from 21st to 23rd February 2019. Three-day shows attracted a total of 24,039 professional buyers – 3,071 visitors, or 13%, were international buyers from 104 countries and regions. Exhibitors covered a wide range of segments from the sign, LED, and digital signage industries, while visitors were primarily from the LED and advertising fields, but other visitor categories included stage lighting, landscape illumination, transportation, retail security surveillance, and hotel & property management.
Malaysia, March: Recently, the Malaysia Convention & Exhibition Bureau (MyCEB) released its annual report for 2018. In total, the bureau supported 300 events during the year, generating an estimated economic impact of RM2.47 billion (US$595 million) for Malaysia. A total of 350,000 delegates attended these events, including 163,000 international delegates.
A total of 195 corporate & incentive events were held in 2018, while the bureau supported 84 association events and 21 exhibitions. Corporate & incentive events featured over 61,000 delegates (of those, 60,399 were international delegates) and generated an economic impact of RM 790 million (US$190 million).
Association events generated an estimated economic impact of RM 1.05 billion (US$253 million), attracting almost 100,000 delegates (including 47,832 international delegates). Exhibitions attracted 190,155 delegates and of those 55,000 were international. The economic impact of those exhibitions was approximately US$152 million.
Singapore, 8th March: According to Singapore Tourism Board (STB), tourism receipts from the business travel and MICE sector generated S$3.4 billion (US$2.5 billion) in the first nine months of 2018, which represents growth of 10% year-on-year. Visitor arrivals in the same period increased 14%, reaching two million.
Singapore will host a number of sizeable business events in 2019 and beyond. Some of the events secured were new to Singapore. Professional services, technology and food & beverage sectors are expected to record growth in the coming two years. It is estimated the professional services and technology sectors will attract 10,500 and 6,000 delegates, respectively in 2019. The F&B sector will also have high-profile events held in Singapore. Food&HotelAsia (FHA), a leading F&B trade show in Singapore, will split into two events – FHA-HoReCa and FHA-F&B – in 2020 and overall, is expected to attract more delegates.
Melbourne, 14th March: Melbourne won the bid the host the 2023 Rotary International Convention. It is expected to draw tens of thousands of visitors.
The bid was led by the Melbourne Convention Bureau (MCB) and supported by the Victorian and Australian governments. Approximately 20,000 Rotary members from over 200 countries and regions will inject over A$88 million (US$63 million) into the Victoria state economy. The convention will be hosted across two venues – Melbourne Convention and Exhibition Centre (MCEC) and Rod Laver Arena at Melbourne & Olympic Parks.
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