Asia, 10th April: Heiko M. Stutzinger, the current Managing Director of VNU Exhibitions Asia-Pacific, will take on the leadership of VIV worldwide including all trade shows executed by VNU Exhibitions Europe effective 1st April 2019.

Share price movement

Hong Kong, 28th March: Organised by UBM Asia, an Informa PLC company, Asia’s Fashion Jewellery & Accessories Fair – March (3FJ) concluded last month, attracting nearly 5,500 buyers from more than 100 countries and regions. This represents 13% increase over the figure in 2018.

Manila, 27th March: Messe Düsseldorf Asia and Global-Link MP Events International have recently announced their agreement to collaborate by jointly organising the PACK PRINT PLAS Philippines event in Manila.

Kuala Lumpur, 29th March: The recently opened Malaysia International Trade & Exhibition Centre (MITEC) in Kuala Lumpur will complete work on its final phase in September this year, adding more meeting space.

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.

Hong 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.

Beijing, 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).

Share price movement.

 China, 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.

Penang, 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.

Hangzhou, 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.

Tokyo, 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.

Shenzhen, 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.

Hong 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.

Share price movement

Hong 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.

London, 18th March: Earlier this week, international event company, Terrapinn, announced the company has acquired Accounting Business Expo and Accountech Live from National Media. 

India, 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.

Bangkok, 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%.