248 business events held in Malaysia in 2023

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Malaysia, 7th October: The Malaysia Convention & Exhibition Bureau (MyCEB) has released its annual report for 2023.

In 2023, MyCEB reported a total of 248 business events were held in Malaysia, featuring 180,703 international delegates. The events generated an estimated economic impact of RM 2.8 billion (US$653 million).

During the year, a total of 106 convention events were held in Malaysia. In addition, 44 exhibition events took place in 2023. The remaining events were corporate meetings & incentives, and international sporting events.

MyCEB also successfully secured 56 business events bids in 2023, which will bring more than 108,000 delegates, contributing to an estimated economic impact of over RM 700 million. (US$163 million).

Informa plans for growth in 2025-2030

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London, 9th October: London-listed Informa PLC released its latest plan for 2025-2030, following the completion of the Ascential plc acquisition.

In 2025, Informa will establish three focused Live B2B Events businesses: Informa Markets to focus on transaction-led B2B events, Informa Connect to focus on content-led B2B events, while Informa Festivals to focus on experience-led events. It is expected to receive revenues of more than £4 billion (US$5 billion), with an underlying revenue growth of over 5% in 2025.

The company also updated its 2024 guidance with revenues of over £3.5 billion (US$4.6 billion), adjusted operating profit of over £970 million (US$1.3 billion) and free cash flow of £740 million (US$970 million).

Stephen A. Carter, Group Chief Executive, said, “The completion of the Ascential acquisition, creation of Informa Festivals and prospective creation of Informa TechTarget will establish leadership and scale in all our chosen B2B market segments, complementing our strength in Academic markets and creating a platform for growth from 2025 to 2030. Over the last four years, our strategy has been to build further strength and depth in B2B businesses, targeting new growth opportunities as the Live B2B Events market segments and becomes increasingly sophisticated, and B2B Digital Services mature.”

Baidu announces management rotation

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Beijing, 8th October: Baidu, the leading Chinese language Internet search provider, announced management rotation.

The current Chief Financial Officer, Mr. Rong Luo, has been appointed as Executive Vice President for in charge of the Baidu Mobile Ecosystem Group (MEG). Meanwhile, the current Senior Vice President and Head of the Baidu MEG, Mr. Junjie, has been appointed as the Interim Chief Financial Officer.

According to Baidu, the management rotation underscores its ongoing commitment to fostering executive leadership development, optimizing organizational structure and supporting its long-term growth objectives.

Mr. Robin Yanhong Li, Baidu's co-founder and CEO, was quoted, “On behalf of the board of directors and senior management, we are delighted to welcome Mr. Rong Luo to his new role as head of the Baidu Mobile Ecosystem Group, and we are confident that his leadership will continue to be instrumental in this position. We also extend our sincere appreciation to Mr. Luo for his significant contributions as our Chief Financial Officer over the past few years. In addition, we will have Mr. Junjie He join our management team with his new role as the Company’s Interim CFO, and we believe his extensive experience in management, investment and finance will be invaluable in driving Baidu’s strategic initiatives going forward.”

Quick takes

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300+ exhibitors at IE expo Shenzhen 2024

Organised by the Guangdong Association of Environmental Protection Industrym Messe Muenchen Zhongmao Co., Ltd., Messe München, and the Chinese Society for Environmental Sciences (CSES), IE expo Shenzhen 2024 took place at Shenzhen World Exhibition & Convention Center, running from 23rd to 25th September,. A total 317 exhibitors from 9 countries and regions showcased cutting-edge products, equipment, technologies, and materials of environmental technology, covering 26,000 m2 of exhibition space and attracting 16,175 trade visitors.

REFCOLD India 2024 attracts 10,000 visitors

REFCOLD India 2024, a leading refrigeration exhibition in India, was held from 3rd to 5th October, at Biswa Bangla Mela Prangan in Kolkata. Over 130 exhibitors displayed innovations in cold chain industries, featuring more than 10,000 visitors to the event.

HKTDC opens 4 tech fairs in October

The Hong Kong Trade Development Council (HKTDC) will host four technology fairs later this month: Hong Kong Electronics Fair (Autumn Edition), electronicAsia, Hong Kong International Lighting Fair (Autumn Edition), and Hong Kong International Outdoor and Tech Light Expo. The four fairs will feature some 6,200 exhibitors from 29 countries and regions.