Weekly Newsletter
Hong Kong, July: Recently, the Hong Kong Trade Development Council (HKTDC) published its annual report for the financial year ended 31st March 2018. Revenues generated from the HKTDC’s exhibitions and missions were US$250 million, slightly higher than last year’s figure. The HKTDC’s total revenues, including a government subvention of US$49 million, were US$360 million – also similar to the previous year’s numbers.
Read MoreJakarta, 29th June: The inaugural edition of Hotelex Indonesia& Finefood Indonesia will be held from 18th to 20th July 2018 at Jakarta International Expo (JIExpo) in Jakarta. The event is expected to feature more than 200 companies from 26 countries, covering an exhibition space of more than 10,000 m2.
Read MoreChina, 27th June: Last week, Alibaba Group formally established the Luohan Academy, a global research program aiming to address the emerging economic consequences and social disruption generated by the digital economy.
Read MoreAmsterdam, 27th June: The board of the International Congress and Convention Association (ICCA) announced this week that its long-serving CEO, Martin Sirk, will step down from his position at the end of this month.
Read MoreTokyo/New York, 2nd July: Tokyo-based media company, Uzabase, has announced its plans to acquire Quartz for between US$75 million and US$110 million, depending on Quartz’s financial performance in 2018.
Read MoreAsia, 2ndJuly: Earlier this week, Interpublic Group (IPG) announced that the company bought global data market firm, Acxiom Marketing Solutions for US$2.3 billion.
Read MoreShare price movement
Read MoreHong Kong, 26th June: Last week, the Hong Kong Exhibition and Convention Industry Association (HKECIA) released the results of its annual exhibition survey. A total of 135 exhibitions with a gross size over 2,000 m2 were held during 2017. Among them, 87 were classified as “trade” and “trade and consumer” exhibitions. The remaining 48 exhibitions were purely “consumer” exhibitions, which were not included in the survey.
Hong Kong, 19th June: UBM Asia’s June Hong Kong Jewellery & Gem Fair (June Fair) opened on 21st June at the Hong Kong Convention and Exhibition Centre (HKCEC) and it featured 1,998 exhibitors from 38 countries and regions.
Read MoreGuangzhou, 27th June: The 25th South China International Exhibition on Printing Industry (Printing South China 2018) and the China International Exhibition on Label Printing Technology (Sino-Label 2018) were held at the China Import and Export Fair Complex in Guangzhou. The events attracted 76,228 visitors from over 100 countries, including 10,516 from overseas.
Read MoreChina, 14th June: Earlier this month, GL events announced that the company had signed a memorandum of understanding to acquire a majority stake in ZhongZhiXing Group (ZZX), a company specialised in “event engineering and logistics” as well as event services. ZZX also offers digital solutions its clients.
Hong Kong, 22nd June: Last week, Hong Kong-listed Pico Far East Holdings announced its interim results for the six months ended 30th April 2018. Revenues were US$292 million – representing year-on-year growth of 34%. Profit in the first half increased slightly, by 3.4%, reaching US$16 million. Diluted earnings per share in the six-month period were HK$0.1037 (US$0.013).
Read MoreMelbourne, 22nd June: The Melbourne Convention and Exhibition Centre (MCEC) has appointed Carolyn Johnson as its Director of Marketing and Communications, effective from 9th July 2018.
Share price movement.
Read MoreShanghai, 14th June: Last week, UBM Sinoexpo, subsidiary of UBM plc, announced that the company acquired 70% interest in the Shanghai International Franchise Exhibition (SFE). No financial details of the acquisition were disclosed.
Organised by Shanghai Exhibition-Conference Limited (SEC), SFE was launched in 2005. It is held twice a year – a spring and an autumn edition. The exhibition is reportedly one of the largest franchising events in China. Exhibitors are mainly from the food, beverage and retail sectors. At the spring 2018 edition, the exhibition attracted 221 exhibitors with over 450 brands and more than 50,000 visitors.
London, 18th June: On 18th June, Informa plc, a London-listed media group with interests in international exhibitions, events, business intelligence and academic publishing group, announced that the company completed the deal to acquire UBM plc.
Today, Informa employs more than 11,000 people worldwide. The company owns and operates more than 500 exhibitions brands covering 15 industries. Informa also owns a complementary portfolio of confex/conference brands, a range of specialist information and market intelligence brands and maintains strong capabilities in B2B consulting and marketing services.
Kuala Lumpur, 18th June: Earlier this week, China’s largest e-commerce company, Alibaba Group, officially opened its first national office in Malaysia. Located in Kuala Lumpur, according to the company, the new national office will deepen the Alibaba Group’s strategic cooperation with Malaysia. The new office will serve as a ‘one-stop solution centre’ for local businesses, and help Malaysian businesses identify global cross-border trade opportunities, as well as to support the country’s technology innovation through cloud computing services.
During the opening ceremony, Alibaba announced the launch of a new campaign, “Malaysia Week”, which will run from 6th to 12th July 2018. The new campaign is an online initiative designed to promote Malaysian products to Chinese consumers.
Worldwide, 14th June: Last week, Clarion, one of the world’s leading event organisers, announced a new strategic global partnership with VDE Association, a leading technical association based in Germany. The two organisations will come together to organise energy events.
Under the terms of the partnership, Clarion and VDE will work together to organise a series of Utility Week events in Africa, Asia-Pacific and Europe. A key focus of the cooperation is to support small- and medium-sized utilities and new start-up companies. The event will feature mentorship opportunities, matchmaking platforms in addition to the core content.
Shanghai, 6th June: FIBO China, a fitness event based in Shanghai, will be held in a new location. The next edition of FIBO China will be held at the National Exhibition & Convention Center (NECC) running from 16th to 18th August 2018.
Occupying an exhibition area of 40,000 m2, FIBO China is expected to feature 350 exhibitors and more than 25,000 visitors. Jointly organised by Reed Exhibitions and Reed Sinopharm Exhibitions, the event will showcase products such as multifunctional sports flooring, access control systems, energy saving solutions, shower systems and air purification systems.
Chengdu, 13th June: Travel Trade Market (TTM), a travel show, has entered into a cooperation agreement with the China Outbound Tourism Research Institute (COTRI), a leading independent research institute. COTRI offers consulting and research services focused on the Chinese outbound tourism market.
Organised by Europe Asia Global Link Exhibitions (EAGLE), a joint venture between Italian Exhibition Group (IEG) and VNU Exhibitions Asia, TTM will be held from 5th to 7th September 2018 at Western China International Expo City in Chengdu. Under the terms of the agreement, COTRI will organise events during TTM with the aim of promoting European destinations to second tier cities in China.
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