Quick takes

HKTDC closes wine & spirits fair and optical fair

The Hong Kong Trade Development Council (HKTDC) concluded its Hong Kong International Wine & Spirits Fair and Hong Kong International Optical Fair last week. The wine & spirits fair attracted over 8,200 trade buyers from 61 countries and regions, while some 13,000 buyers from 94 countries and regions attended the optical fair.

Taobao and Tmall’s 11.11 Shopping Festival records robust growth

The leading e-commerce company in China, the Alibaba Group, announced its China commerce retail business, Taobao and Tmall Group, achieved robust growth in Gross Merchandise Volume (GMV) and a record number of active buyers during this year’s 11.11 Shopping Festival. According to Alibaba, a total of 589 brands surpasses RMB 100 million in GMV, of those, 45 brands even surpassed RMB 1 billion in GMV.

Clarion Events acquires Eaton Hall

Clarion Events, privately owned event and exhibition organiser, announced the acquisition of Eaton Hall, a premier event organiser specializing in highly targeted pre-arranged, face-to-face meetings-based events. After the transaction, Eaton Hall will operate under Clarion Connect, Clarion Events’ newly formed division to strengthen its 1-to-1 focused connection businesses.