Share price movement in B2B media companies involved in Asia
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Alibaba increases investment in Lazada
/China/Singapore, 19th March: China’s leading e-commerce company, Alibaba Group, has announced plans to invest an additional US$2 billion in the Lazada Group, an e-commerce platform operating in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
Read MoreHKTDC’s FILMART features 850+ exhibitors
/Hong Kong, 19th March: The Hong Kong Trade Development Council (HKTDC) opened its 22nd edition of the Hong Kong International Film and TV Market (FILMART) this week, featuring more than 850 exhibitors from 37 countries and regions.
Read MoreGlobal Sources spring shows to feature 9,000+ booths
/Hong Kong, 20th March: Global Sources will open its spring trade show series next month at Hong Kong’s AsiaWorld-Expo (AWE), featuring more than 9,000 booths. The series includes four shows: Global Sources Electronics – Consumer Electronics, Global Sources Electronics – Mobile Electronics, Global Sources Gifts & Home, and Global Sources Fashion.
Read MoreICC Sydney aims to bring mega events back to Sydney
/Sydney, 20th March: After opening in late 2016, the International Convention Centre Sydney (ICC Sydney) has succeeded in bringing back some large-scale business events to Sydney.
Read MoreSino Splendid posts large loss in 2017
/Hong Kong, 21st March: Earlier this week, Hong Kong-listed Sino Splendid (formerly China.com) announced its full year financial results for the year ended 31st December 2017. The company reported revenues of US$12 million in the year, down 7.1% year-on-year. Sino Splendid also posted a large net loss of US$23 million in 2017.
Read MoreUBM launches a new technology event in Singapore
/Singapore, 5th March: International exhibition organiser, UBM, will launch a new technology event, ConnecTechAsia, running from 26th to 28th June 2018 at two venues in Singapore, Marina Bay Sands (MBS) and Suntec Singapore.
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Read MoreMIFF opens with over 600 exhibitors
/Kuala Lumpur, 8th March: Organised by UBM Malaysia, the Malaysian International Furniture Fair (MIFF) featured 622 exhibitors, an increase of 13% over last year’s edition.
Positioned as the largest international furniture fair in the Southeast Asia, MIFF 2018 took place from 8th to 11th March. The fair was held in two separate venues. It occupied a total of 18 halls in the new Malaysia International Trade and Exhibition Centre (MITEC) and it also filled the Putra World Trade Centre (PWTC), covering a gross exhibition area of 100,000 m2.
IEG and VNU Exhibitions Asia form JV
/Shanghai, 7th March: Last week, VNU Exhibitions Asia and the Italian Exhibition Group (IEG) agreed to form a new joint venture, Europe Asia Global Link Exhibitions (EAGLE) in order to develop trade show businesses in both China and Italy.
The new JV will develop IEG’s business interests in Asia particularly in the wellness, green technology, hospitality and tourism sectors; while VNU Exhibitions Asia will have additional opportunities to develop its commercial relationships with the leading companies in Asia under the terms of the JV.
Australia offers new fund for business events bids
/Australia, 15th March: The Australian government has established a new programme, the Boosting Business Events Bid Fund with initial financing of A$12 million (US$9.4 million). The fund is designed to attract more global conferences, conventions and exhibitions to Australia over the next three years.
The program will be managed by Tourism Australia through its Business Events Australia unit. It is Australia’s first federal government-funded business events bidding fund and it will be tasked with providing financial support to help secure events in across Australia. The fund will begin accepting applications on 1st May.
Alibaba Cloud opens first data center in Indonesia
/Indonesia, 15th March: Earlier this week, Alibaba Cloud, a subsidiary of the China’s largest e-commerce company, the Alibaba Group, announced the launch its first data center in Indonesia. The centre aims to serve the small- and mid-sized enterprises (SMEs) in Indonesia with reliable, scalable cloud services.
The new data center will offer cloud services ranging from “elastic computing” and database management to networking and security. Alibaba has expanded its business in Indonesia in recent years. The company acquired a minority share in e-commerce player, Tokopedia, last August. In addition, Alibaba’s financial service company, Ant Financial, has teamed up with Emtek, a media conglomerate, to launch digital payments services in Indonesia. Finally, Alibaba also has a majority stake in Singapore-based e-commerce platform Lazada which also operates in Indonesia.
Baidu merges its mapping unit with AI division
/Beijing, 13th March: Baidu, the leading search engine in China, announced that it will merge its mapping unit, Baidu Maps, with its artificial intelligence (AI) division, AI Technology Platform System. The move is part of Baidu’s overall strategic focus on expanding its business beyond its traditional search and advertising revenue streams.
The restructuring also aims to improve the popular mapping service by consolidating and coordinating resources with its AI technology. Baidu’s management stated that it plans to develop high definition-maps, a technology used in autonomous driving.
Pico Thailand’s revenues jump 67%
/Bangkok, 9th March: Last week, Pico Thailand, the Thai-listed subsidiary of Pico Far East Holdings, released its financial results for the quarter ended 31st January 2018. Revenues in the quarter were US$13 million, which represents an increase of 67% compared with the same quarter last year.
Pico Thailand posted a net profit of US$468,000 in the quarter, compared with a net loss of US$222,000 the same period in 2017. Earnings per share in the quarter were Baht 0.067 (US$0.0022).
Share price movement in B2B media companies involved in Asia
/Figure 1: BSG B2B Media Index vs. All Tracked B2B Stocks (price movement over past 12 months)
Figure 2: BSG B2B Media Index vs. All Tracked B2B Stocks (price movement since January 2018)
Over 280 delegates gather in Kuala Lumpur for UFI’s Asia Conference
/Kuala Lumpur, March: Last week, UFI, the Global Association of the Exhibition Industry, held the 13th edition of its UFI Asia-Pacific Conference in Kuala Lumpur, attracting more than 280 delegates from 20 countries and regions.
Read MoreGL Events to establish Japan presence
/Tokyo, 20th February: GL Events, global event services company, announced that the company will establish a presence in Japan reflecting its increasing strategic focus on Japan as well as the Asia Pacific region.
Read MoreICC Sydney generates economic impact of US$614 million in 2017
/Sydney, 20th February: After opening in December 2016, the International Convention Centre Sydney (ICC Sydney) has reported an estimated economic impact in New South Wales of A$785 million (US$614 million) during its first year of operations.
Read MoreMAD partners with CPIT Shanghai
/Shanghai, 5th March: MAD Event Management, a U.S.-based event organiser, announced that the company has entered into an agreement with CPIT Shanghai Exhibition Company Limited to develop and organise world-class events in Shanghai.
Read More87,000 buyers at HKTDC’s jewellery shows
/Hong Kong, 5th March: The Hong Kong Trade Development Council (HKTDC) concluded its two jewellery shows earlier this month, featuring a record number of buyers – approximately 87,000 visitors from 145 countries and regions. This represents a 2% increase over last year’s event.
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