Weekly Newsletter
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.
Read MoreTaipei, 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.
Read MoreHong 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.
Read MoreHong Kong, 18th April: Hong Kong-based Global Sources opened its Mobile Electronics and Gifts & Home shows this week at AsiaWorld-Expo (AWE), running from 18th to 21st April.
Read MoreNanjing, 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).
Read MoreHong Kong, 6th April: The Hong Kong Trade Development Council (HKTDC) concluded its Hong Kong International Lighting Fair (Spring Edition) at the Hong Kong Convention and Exhibition Centre (HKCEC) attracting more than 20,500 buyers from 114 countries and regions.
Read MoreIndia, 21 March: International exhibition organiser, NürnbergMesse, will organise three woodworking trade fairs in India, Indiawood, Delhiwood and Mumbaiwood, expanding NürnbergMesse India’s portfolio to 15 trade fairs.
Read MoreHong Kong, 11th April: The week, Hong Kong-based B2B media company, Global Sources, opened its Global Sources Electronics show at Hong Kong’s AsiaWorld-Expo (AWE) featuring more than 6,600 booths. It is expected to attract over 65,000 buyers to the event’s two phases, Consumer Electronics and Mobile Electronics.
Read MoreJapan, 4th April: GL Events has announced that the group has partnered with Sunny Side Up, through its local subsidiary, GL Events Japan KK.
Read MoreNew Zealand, 9th April: New Zealand’s Ministry of Business, Innovation and Employment (MIBE) recently released its annual Convention Delegate Survey (CDS). The survey revealed that the total spend by international convention delegates was up 17% compared to 2016.
Read MoreIndia, 9th April: Earlier this week, Messe München India announced the acquisition of Smart Cards Expo and several co-located shows from Electronics Today. Financial details of the acquisition were not disclosed.
Read MoreShare price movement
Read MoreHangzhou, 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.
Kuala Lumpur, March: Recently, the Malaysia Convention & Exhibition Bureau (MyCEB) released its annual report covering 2017. In total, the bureau supported 287 events during the year, which generated an economic impact of US$365 million for the country. These events attracted almost 365,000 delegates – including 120,528 international delegates.
Of the 287 events, 192 were corporate meetings & incentive groups, 68 were conventions and 27 were exhibitions. The 192 corporate& incentive events featured over 51,000 delegates. These events generated an economic impact of US$134 million. Conventions generated an impact of US$91 million – attracting 38,000 delegates (including 23,420 international delegates). The exhibitions attracted 275,022 delegates – and of those 46,000 were international. The exhibitions generated an economic impact of US$140 million.
Sanya, China, 3rd April: The Sanya Exhibition Industry Association, ExpoPromoter and STATA signed a strategic cooperation memorandum on 28th February, aiming to internationalise the exhibition industry in Hainan province in China.
Under the terms of the MoU, the three parties will cooperate to integrate multiple resources and introduce trade show brands with the aim of building international exhibition operations. This will include nurturing a distinctive trade show brand in Hainan as well as training local personnel and attracting international talent.
Beijing, 29th March: Baidu, the leading Chinese-language Internet search provider, has announced the pricing of the initial public offering (IPO) of its subsidiary, iQIYI, Inc. Shares will begin trading at US$18 per American Depositary Share (ADS).
A total of 125,000,000 ADSs, each representing seven Class A Ordinary Shares of iQIYI will be sold. That results in an offering of US$2.25 billion. The company listed on the NASDAQ Global Market under the ticker symbol “IQ”.
Mumbai, 29th March: The Medical Fair India 2018,organised by Messe Düsseldorf India, concluded last month. The event attracted 12,350 trade visitors to the Bombay Convention & Exhibition Centre (BCEC) in Mumbai.
The event is positioned as India’s number one trade fair serving hospitals, health centres and clinics. Medical Fair India was held from 16th to 18th March and it featured 551 exhibitors. Products showcased at the three-day show included medical products, the latest medical device technology, laboratory technology and diagnostic equipment, furnishings, etc.
Hong Kong, 29th March: Last week, SEEC Media, a Chinese B2B media group, released its financial results for the year ended 31st December 2017. Total revenues in the year were US$41 million, an increase of 19% year-on-year. However, the company posted a net loss of US$32 million, compared with a net loss of US$2.1 million in recorded in 2016.
Nearly 80% of SEEC’s revenues were generated from its advertising services (US$32 million), representing a year-on-year increase of 14%. The next largest business segment was their securities broking services, generating revenues of US$4.0 million. This accounted for 9.7% of SEEC Media’s total revenues. That segment grew by 30%compared with the previous year.
Figure 1: BSG B2B Media Index vs. All Tracked B2B Stocks (price movement over past 12 months)
Figure 2: BSG B2B Media Index vs. All Tracked B2B Stocks (price movement since January 2018)
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