Weekly Newsletter
Kuala Lumpur, 18th September: Malaysia’s newest venue, the Malaysia International Trade & Exhibition Centre (MITEC) has signed an MOU with UBM Malaysia agreeing to host four events between 2019 and 2023 as well as a biennial event during the years 2019 to 2028.
Read MoreHong Kong, 12th September: Last week, the 36th September Hong Kong Jewellery & Gem Fair (September Fair) opened with a record-breaking number of exhibitors. It featured more than 3,700 exhibitors from around the world. The event used both major venues in Hong Kong, AsiaWorld-Expo (AWE) and the Hong Kong Convention and Exhibition Centre (HKCEC).
Organised by UBM Asia, the September Fair ran from 12th to 16th September at AWE and from 14th to 18th September at HKCEC. The fair occupied an exhibition area of more than 135,000 m2 at the two venues. Diamonds, coloured gemstones and pearls were showcased at AWE, while finished jewellery collections and packaging, tools, equipment and industry-related-related technologies were showcased at HKCEC.
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London, 14th September: Last week, B2B media group, Tarsus Group, announced three transactions: the acquisition of the remaining 50% stake in its Mexican joint venture, the acquisition of a further 25% interest in AMB Tarsus Exhibitions Sdn Bhd in Southeast Asia, and plan to establish a strategic partnership with the Streamline Marketing Group (SMG) in the UAE.
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Read MoreHangzhou, 10th September: Alibaba Group, the leading e-commerce company in China, announced its Chairman, Jack Ma, will step down next year on 10th September 2019.
Read MoreHong Kong, 12th September: In its previous financial year (which ran from July 2017 to June 2018), the Hong Kong Convention and Exhibition Centre (HKCEC) announced that it hosted a total of 1,061 events, including 118 exhibitions, 166 conferences and hundreds of corporate meetings, banquets and entertainment events. The venue welcomed over 8.2 million visitors during the year, including exhibitors, trade buyers, conference and meeting delegates, event visitors, banquet guests and restaurant customers.
Read MoreLondon, 6th September: The world’s largest exhibition organiser, Informa Exhibitions, has appointed Mart Temple-Smith as Managing Director of the Group’s Fashion Exhibitions business, following the combination of Informa PLC and UBM earlier this year.
Read MoreSingapore, 6th September: This week, the Singapore Tourism Board (STB) announced who will replace former chief executive Lionel Yeo who stepped down in May this year. STB has appointed Keith Tan as its new Chief Executive with effect from 29th October.
Read MoreBangkok, 10th 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 2018. Revenues in the quarter were US$13 million, an increase of 25% over the same quarter in 2017. However, the company’s profits in the quarter dropped 26% down to US$386,000.
Read MoreMumbai, 10th September: UBM India, UBM plc’s subsidiary, together with BolognaFiere launched the inaugural edition of Cosmoprof India at Sahara Star Hotel in Mumbai, running from 10th to 11th September 2018.
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Read MoreHong Kong, 4th September: This week, the Hong Kong Trade Development Council (HKTDC) opened its Hong Kong Watch & Clock Fair at the Hong Kong Convention and Exhibition Centre (HKCEC) running from 4th to 8th September 2018. The event featured some 830 exhibitors from 25 countries.
Read MoreJapan, 5th September: As planned, ICC Kyoto will open a new hall in October this year, adding 2,000 m2 of capacity to the venue. This almost doubles its original capacity.
Read MoreSingapore, 29th August: Messe Düsseldorf Group, an international exhibition organiser, opened two medical fairs last week, MEDICAL FAIR ASIA 2018 and MEDICAL MANUFACTURING ASIA 2018. The fairs were held at the Marina Bay Sands from 29th to 31st August.
Read MoreMumbai, 5th September: UBM India, a UBM plc subsidiary, opened a new food and hospitality show, Food and Hotel India (FHIn), on 5th September 2018. The inaugural event is held at the Sahara Star Hotel in Mumbai and runs until 7th September.
Read MoreHong Kong, 31st August: The SEEC Media Group, a Hong Kong-listed media company, announced its financial results for the first half of 2018. Revenues were US$10.6 million, a decline of 37% year-on-year. The company reduced its loss to US$12.5 million, compared with a loss of US$26 million recorded in the first half of 2017.
Read MoreLondon, 5th September: Earlier this week, London-listed ITE Group plc announced plans to sell ITE Expo LLC to Shtab-Expo LLC. ITE will receive US$9.4 million over the nine years following completion of the transaction together with additional variable consideration of up to US$5.9 million.
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Read MoreHangzhou, 23rd August: Last week, China’s largest e-commerce company, the Alibaba Group, announced its results for the quarter ended 30th June 2018. The company recorded revenues of US$12.2 billion, up 61% over same period last year. However, net income posted a decrease of 41% year-on-year, down to US$1.3 billion. Diluted earnings per share in the quarter were RMB 3.30 (US$0.50).
The company attributed the decrease in profit to a one-time increase in share-based compensation expense relating to Ant Financial’s awards.
About 86% of Alibaba’s total revenues were generated from its core e-commerce business amounting to US$10.5 billion. Revenues from Alibaba’s China B2B business, primarily generated through 1688.com, grew by 37% to US$340 million; while the international B2B business, primarily from Alibaba.com, generated revenues of US$278 million, a year-on-year 14% increase. In total, B2B revenues for the quarter accounted for just 5.1% of overall revenues.
Beijing, 24th August: Hong Kong-listed HC Group has released its interim results for the six months ended 30th June 2018. The company’s revenues jumped 182% in the period, reaching US$573 million. Profit in the first half was US$29 million which represents an increase of 78%. Diluted earnings per share were RMB 0.1705 (US$0.026).
Beijing-based HC Group re-organised its business segments. More than 81% of HC Group’s revenues were generated from its transaction services (formerly B2B trading platform and financing services), amounting at US$467 million, which is five times more than last year. The growth was mainly due to the continuous optimization and upgrade of the transaction platform owned by the Group, and the realization of the ecological cycle cultivated over the years.
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