HKTDC’s autumn fairs draw 156,000 buyers

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Hong Kong, 14th November: During the autumn trade fair season, the Hong Kong Trade Development Council (HKTDC) attracted nearly 156,000 buyers from 165 countries and regions to its seven trade fairs. Comparisons with 2018 figures were not released. Increases were recorded in the number of buyers from Turkey, Brazil, Iran, Vietnam and Macau.

 

More than 9,600 exhibitors attended the seven trade fairs, including: Hong Kong Electronics Fair (Autumn Edition), electronicAsia, jointly organised with MMI Asia, Hong Kong International Lighting Fair (Autumn Edition), Hong Kong International Optical Fair and Hong Kong International Wine & Spirits Fair, all held at the Hong Kong Convention and Exhibition Centre (HKCEC), and Hong Kong International Outdoor and Tech Light Expo and Eco Expo Asia, jointly organised with Messe Frankfurt (HK) and held at AsiaWorld-Expo (AWE).

Alibaba generates US$38 billion of GMV on “Singles Day”

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Hangzhou, 11th November: The Alibaba Group, the leading e-commerce company in China, announced that the company generated RMB 268.4 billion (US$38.4 billion) of gross merchandise volume (GMV) during its now famous Global Shopping Festival on 11th November 2019. The event is also known as “Singles Day.” The GMV figure grew by 26% compared to the figure in 2018.

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Sino Splendid narrows loss in first nine months

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Hong Kong, 8th November: Last week, Hong Kong-listed Sino Splendid (formerly China.com) announced its financial results for the nine months ended 30th September 2019. Revenues in the period were US$8.3 million, a 7.2% increase compared with the same period in 2018. The company recorded a loss of US$738,000 in the nine-month period, compared with the loss of US$1.4 million in the same period last year.

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Alibaba increases stake in Cainiao

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Hangzhou, 8th November: Last week, the Alibaba Group, the leading e-commerce company in China, announced that the company has increased its stake in Cainiao Smart Logistics Network Limited. The additional investment valued at RMB 23.2 billion (US$3.3 billion) increases Alibaba’s holding from 51% to 63%.

Cainiao, which focuses on technology-driven logistics and infrastructure services, has developed a range of robust international and cross-border fulfillment solutions to facilitate and support Alibaba’s international e-commerce business. Cainiao has also introduced IoT (Internet of Things) solutions and smart supply chain solutions designed to improve efficiency in the supply chain. According to the company, this additional investment will enable Cainiao to strengthen its smart logistics network and allow innovation in its business models, services and technological capabilities.

Baidu records rare loss in Q3

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Beijing, 6th November: Earlier this week, Baidu, the leading Chinese language Internet search provider, released its financial results for the quarter ended 30th September 2019. Revenues in the quarter were US$3.9 billion, flat compared with the previous year. The company posted a rare net loss (US$892 million), compared with a profit of US$1.8 billion in the same quarter of 2018.

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Hannover Milano forms alliance with Haiming

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Shanghai, 24th October: International exhibition organiser, Hannover Milano Fairs Shanghai Limited and the Haiming International Exhibition Group, a Chinese exhibition organiser, announced that the two companies have signed a strategic cooperation agreement and they will jointly organise the ICE ASIA (International Cold Chain Exhibition) beginning in 2020.

ICE ASIA, will be held concurrently with the International Trade Fair for Materials Handling, Automation Technology, Transport Systems and Logistics (CeMAT ASIA). The show will focus on cold transport, logistics and information technology for professionals in the integrated cold chain services industry.

Shenzhen World venue is officially completed

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Shenzhen, 24th October: A completion ceremony of the Shenzhen World Exhibition & Convention Center was held on 28th September marking the official completion of the new mega venue.

Shenzhen World occupies a total of 1.21 million m2 of land and the building features a total floor area of 1.605 million m2 – of which 400.000 m2 is indoor exhibition area. The venue will host five core large-scale activities: exhibitions, conventions, live entertainment, sports events and F&B functions.

Messe München hosts two shows in India

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Mumbai, 25th October: Messe München recently concluded both IFAT India and LASER World of PHOTONICS INDIA earlier this month at the Bombay Exhibition Centre (BEC) in Mumbai.

Running from 16th to 18th October, IFAT India featured 311 exhibitors and attracted almost 10,000 trade visitors. It occupied an exhibition of 14,500 m2 according to the organiser. The show focused on developing sustainable waste management solutions and modernizing environmental infrastructure.

The 8th edition of LASER World of PHOTONICS INDIA was held from 17th to 19th October covering 7,300 m2. The three-day show attracted over 4,500 visitors and it featured 142 exhibitors. The show targeted professionals from the following industries: automotive, manufacturing, science and academia, medical, defence, and machine tool manufacturing.

HKTB appoints new Executive Director

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Hong Kong, 29th October: Earlier this week, Hong Kong Tourism Board (HKTB) announced the appointment of Mr. Dane Cheng as Executive Director of the HKTB, effective from 1st November 2019. He replaced previous Executive Director Anthony Lau who stepped down from the role at the end of July.

Mr Cheng graduated from the Chinese University of Hong Kong and he has held senior positions in general management, marketing, communications and international affairs around the region. Cheng has more than 30 years of experience and industry knowledge focused on travel and tourism.