Weekly Newsletter
Sydney, 15th September: ReedPOP Australia and the Australia Toy Association have announced plans to launch Play World Australia at the International Convention Centre Sydney (ICC Sydney) running from 29th to 30th September 2018.
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Read MoreHangzhou, 6th September: Last week, Alibaba Group, China’s leading e-commerce company, and Mexico’s Ministry of Economy signed a Memorandum of Understanding (MoU) agreeing to promote Mexican products.
Read MoreMyanmar, 12th September: President of the newly-formed Myanmar Exhibition and Conference Association (MECA), Myo Thant, highlighted this week the need of venue infrastructure investment in Yangon.
Read MoreHong Kong, 6th September: Last week, the Hong Kong Trade Development Council (HKTDC) concluded its fashion event, CENTRESTAGE, attracting some 8,500 buyers from 73 countries and regions, which is an increase of 2.6% over last year’s event.
Read MoreNew Delhi, 4th September: UBM India, a UBM Asia subsidiary, hosted the 6th edition of the Delhi Jewellery and Gem Fair (DJGF) from 9th to 11th September 2017 at Pragati Maidan. The exhibition featured over 280 exhibitors from around the region.
Read MoreChengdu, 11th September: Organised by Hannover Milano Fairs Shanghai, the Chengdu Motor Show (CDMS) 2017 concluded at the Chengdu City New International Convention and Exhibition Center on 3rd September. According to the organiser, CDMS featured some 116 auto brands.
Read MoreSeoul, August: Later this year, Coex, a leading Korean venue and event organiser, will launch its first “expat lifestyle” fair. The Expat Fair will run from 9th to 10th December 2017.
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Read MoreSeoul & Bangkok, 28th August: Coex, a leading Korean venue and event organiser, will launch its first seafood event in Thailand later this year. The ASEAN Seafood Expo & Conference will run from 20th to 21st November 2017 at the Queen Sirikit National Convention Center (QSNCC) in Bangkok.
Read MoreHong Kong, 1st September: The 35th September Hong Kong Jewellery & Gem Fair (September Fair) opens next week and it will feature over 3,680 exhibitors from 56 countries and regions. The event will use both major venues in Hong Kong, AsiaWorld-Expo (AWE) and the Hong Kong Convention and Exhibition Centre (HKCEC).
Read MoreFrankfurt, 30th August: Last month, China South Publishing & Media Group (CNS), a leading publishing and media group in China, announced that the company had bought a minority stake in IPR License, a global rights and licensing trading platform. Financial details of the transactions were not disclosed.
Read MoreBangkok, 5th September: Earlier this week, Pico Thailand, the Thai-listed subsidiary of Pico Far East Holdings, released its financial results for the quarter ended 31st July 2017. Revenues in the quarter were US$11 million, an increase of 9.3% compared with the same quarter last year. The company’s profits jumped an impressive 381% - reaching US$521,000.
Read MoreHangzhou, 25th August: Last week, Shenzhen-listed Zhejiang Netsun reported revenues of US$26 million for the six months ended 30th June 2017. This represents a year-on-year increase of 39%. Profits in the period were US$2.0 million, representing growth of 8.2% compared to the same period in 2016.
Read MoreNanjing, 26th August: Shenzhen-listed Focus Technology, which owns and operates B2B trading platform, Made-in-China.com, has recently announced its financial results for the six months ended 30th June 2017. Revenues were US$93 million, an increase of 118% compared to the first half last year. Net income grew by 73% year-on-year, reaching US$4.9 million. Diluted earnings per share in the first half were RMB 0.14 (US$0.021).
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Read MoreHong Kong, 28th August: Earlier this week, Global Sources announced that funds affiliated with Blackstone, a private equity group, had completed its acquisition of Global Sources.
In a special general meeting held on 24th July, a majority of Global Sources’ shareholders voted in favour of the acquisition. Each issued and outstanding common share will now convert into the right to receive the amount of US$20 in cash, without interest.
Beijing, 24th August: Ele.me, a Chinese online food-delivery company owned by the Alibaba Group, has merged with Baidu Deliveries. Financial details of the deal were not disclosed. The transaction represents a significant consolidation in China’s highly competitive online-to-offline (O2O) food delivery market.
Following the deal, Baidu Deliveries will continue to operate as an independent brand and the existing management team will remain with the business. Ele.me and Baidu Deliveries will be supported with resources from both Alibaba and Baidu. Ele.me is expected to contribute both data and human resources to improve the experience of Baidu Deliveries users.
Melbourne, 20th August: According to the Melbourne Convention and Exhibition Centre (MCEC), its expansion project is well underway as the supporting steel structure is now in place. The expansion will cost more than $A300 million (US$237 million) and will be underwritten by the Victorian Government. In addition to the 20,000 m2 expansion of MCEC, the project will also include a new hotel and a car park.
Construction work is scheduled to be completed by mid-2018 and MCEC reports that 900 new jobs will be created through the project. In addition, during construction, some 700 temporary jobs will be created.
Hong Kong, 29th August: The 36th Hong Kong Watch & Clock Fair will open next week, featuring, more than 820 exhibitors from 24 countries – making it the largest event of its kind, according to the organiser. The event will also feature approximately, 150 premium international watch brands and designer collections in five thematic zones: World Brand Piazza, Renaissance Moment, Chic & Trendy, Craft Treasure and Wearable Tech.
Organised by the Hong Kong Trade Development Council (HKTDC), the Hong Kong Watch Manufacturers Association and the Federation of Hong Kong Watch Trades and Industries, the exhibition will be held from 5th to 9th September at the Hong Kong Convention and Exhibition Centre (HKCEC).
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