Weekly Newsletter
Hong Kong, 28th March: Hong Kong-based Global Sources will open its spring trade show series in Hong Kong later this month at AsiaWorld-Expo (AWE) featuring more than 9,000 booths. The series includes four exhibitions: Global Sources Electronics – Consumer Electronics, Global Sources Electronics – Mobile Electronics plus Startup Launchpad, Global Sources Lifestyle, and Global Sources Fashion.
Read MoreHong Kong, 29th March: Last week, SEEC Media, a Chinese B2B media group, released its financial results for the year ended 31st December 2018. Total revenues in the year were US$23 million, a decrease of 43% year-on-year. However, the company narrowed its net loss to US$16 million, compared with a loss of US$32 million recorded in 2017.
Read MoreBeijing, 22nd March: CCID Consulting, an IT research and information service provider in China, recently announced its financial results for the year ended 31st December 2018. The company reported that its revenues increased by 24% reaching US$24 million. Net profit in the year was US$4.9 million – representing growth of 77% compared with the same figure in 2017. Diluted earnings per share in 2018 were RMB 0.041 (US$0.0060).
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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.
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