Hangzhou, 23rd March: Earlier this week, Meorient, a Chinese exhibition organiser listed in Shenzhen, released its results for the year ended 31st December 2021. Revenues jumped 93% year-on-year, reaching US$29 million. Despite the improvement in revenues, the company posted a net loss of US$9.0 million in the year, compared with a loss of US$9.9 million in 2020.

Meorient’s management attributed its increase in revenues to a strong performance from its digital events. According to the company, more than 84% of its revenues were generated from its digital events, amounting to US$24 million. This represents a year-on-year growth of 86%.