Share price movement

Beijing, 19th August: Earlier this week, Baidu, the leading Chinese language Internet search provider, released its financial results for the quarter ended 30th June 2019. Revenues in the quarter were US$3.8 billion, a moderate increase of 1.4% year-on-year. However, excluding revenues from its divested businesses, Global DU and Du Xiaoman, the revenue increase was 6.0%. Net income in the quarter dropped 62% compared with the second quarter of 2018, down to US$351 million.

Hangzhou, 15th August: Last week, China’s largest e-commerce company, the Alibaba Group, announced its results for the quarter ended 30th June 2019. The company recorded revenues of US$16.7 billion, up 42% year-on-year. Net income jumped 145% compared with the previous year, reaching US$2.1 billion.

Hangzhou, 15th August: Last week, China’s largest e-commerce company, the Alibaba Group, announced its results for the quarter ended 30th June 2019. The company recorded revenues of US$16.7 billion, up 42% year-on-year. Net income jumped 145% compared with the previous year, reaching US$2.1 billion.

Shenzhen, 15th August: Concurrent shows held in south China, Toy & Edu China and the concurrent event Baby & Stroller China will be relocated from Guangzhou to Shenzhen next year. In addition, another concurrent fair will be held, Licensing China.

Sydney, 19th August: International Convention Centre Sydney (ICC Sydney) released its results for the financial year 2018/19. A total of 1.4 million delegates attended some 671 events at ICC Sydney during the year, generating A$896 million (US$629 million) in direct expenditure for New South Wales.

Hong Kong, 16th August: In its previous financial year running from July 2018 to June 2019, the Hong Kong Convention and Exhibition Centre (HKCEC) announced that it hosted a total of 1,000 events, including 119 exhibitions, 159 conferences and hundreds of corporate meetings, banquets and entertainment events. The venue welcomed a record 8.5+ million visitors during the year, including exhibitors, trade buyers, conference and meeting delegates, other event visitors, banquet guests and restaurant customers.

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Shanghai, 9th August: Messe München Shanghai, a subsidiary of international exhibition organiser, Messe München, has unveiled a new leadership team for the company.

Beijing, 8th August: CCID Consulting, an IT research and information service provider in China, posted revenue growth of 43% in the first half of 2019 amounting to US$13 million. Profits in the six-month period were US$1.1 million, representing an increase of 200% year-on-year. Earnings per share in the period were RMB 0.0104 (US$0.0015).

Hong Kong, 8th August: Last week, Hong Kong-listed Sino Splendid (formerly China.com) released its results for the six-month period ended 30th June 2019. Revenues in the first half were US$6.2 million, a year-on-year increase of 16%. The company reduced its loss to US$638,000, compared with a loss of US$1.9 million in the same period in 2018.

Shenzhen, 1st August: The new 400,000 m2 mega venue, Shenzhen World Exhibition & Convention Center which is set to open in the second half of 2019, has announced that the venue will host a new event – the first China Smart Home and Intelligent Building Decoration Expo (Shenzhen) from 10th to 13th July 2020.

Hong Kong, 12th August: The September Hong Kong Jewellery & Gem Fair (September Fair) will take place at AWE and the Hong Kong Convention and Exhibition Centre (HKCEC). Products to be showcased at AWE will include loose gems of diamonds, gemstones and pearls, running from 16th to 20th September, featuring over 1,700 exhibitors. While the show at HKCEC will run from 18th to 22nd September, showcasing more than 2,000 exhibitors of finished jewellery products, packaging, tools and equipment.

Cairns, 8th August: The Cairns Convention Centre has received approval from the Queensland government’s for an A$179 million (US$119 million) upgrade of the venue. The Cairns Convention Centre opened in 1996 and is operated by AEG Ogden.

Share price movement

Guangzhou, July: RAI Amsterdam will bring its Rematec show to Asia later this year through the launch of Rematec Asia 2019 in Guangzhou.

Bangkok, 6th August: Earlier this week, Business Online (BOL), a leading online information service provider in Thailand, reported its financial results for the quarter ended 30th June 2019. Revenues in the quarter were US$4.4 million, a year-on-year increase of 8.2%.

Shanghai, 5th August: The 24th China (Shanghai) International Boat Show (CIBS) and Lifestyle Show Shanghai 2019 concluded at the National Exhibition and Convention Center (Shanghai) (NECC) featuring more than 600 exhibitors and 35,000 visitors from 85 countries.

Hong Kong, 1st August: The Hong Kong Trade Development Council (HKTDC) will open five lifestyle events later this month at the Hong Kong Convention and Exhibition Centre (HKCEC). The five events are: Food Expo, Hong Kong International Tea Fair, Beauty & Wellness Expo, Home Delights Expo and International Conference of the Modernization of Chinese Medicine & Health Products (ICMCM).

Shanghai, 6th August: The 19th Shanghai International Children Baby Maternity Industry Expo (CBME China), a leading trade fair offering child, baby and maternity products, concluded last month attracting 108,067 trade visitors – representing a year-on-year increase of 13%.