Baidu’s profits rise 56% in Q3

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Beijing, 30th October: Earlier this week, Baidu, the leading Chinese language Internet search provider, released its financial results for the quarter ended 30th September 2018. Revenues were US$4.1 billion, a 27% increase year-on-year. Net income in the third quarter grew 56%, reaching US$1.8 billion.

The vast majority of Baidu’s revenues were generated from Baidu core business (US$3.15 billion). This represents an increase of 25% year-on-year. In the third quarter, Baidu reported it had about 522,000 active online marketing customers, up 7% year-on-year. Meanwhile, revenue per online marketing customer in the quarter jumped 80% year-on-year to US$6,300.

Messe München acquires Air Cargo India expo

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Munich, 15th October: International trade fair organiser, Messe München, announced it has bought Air Cargo India and Air Cargo Africa from STAT Trade Times, an Indian publishing house. Financial details were not disclosed.

Air Cargo India, a biennial event, takes place in Mumbai. The 7th edition of Air Cargo India was held in February this year, featuring 74 exhibitors and over 2,500 visitors. The 4th edition of Air Cargo Africa attracted 80 exhibitors and recorded 2,126 visitors to the event in 2017. The 5th edition Air Cargo Africa will be held from 19th to 21st February 2019 in Johannesburg.

Terrapinn acquires Solar & Storage Live from Solar Media

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U.K., 17th October: International event organiser, Terrapinn, has announced that it recently acquired Solar & Storage Live from Solar Media Limited. No financial details were announced.

Solar & Storage Live is a U.K. leading solar power and solar storage exhibition and conference. The event will reportedly continue to be supported by Solar Media.

Made-in-China’s revenues drops 29% in Q3

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Nanjing, 25th October: Earlier this week, Shenzhen-listed Focus Technology, which is the owner and operator of Made-in-China.com, reported its financial results for the quarter ended 30th September 2018. Revenues were US$34 million - that represents a decrease of 29% compared with last year. The company’s net income increased slightly by 2.6% in the quarter to US$4.4 million.

The Nanjing-based company also released its results for the nine-months ended 30th September. Focus Technology generated revenues of US$93 million, down 33% compared with the same period in 2017.

Netsun’s revenues up 38% in Q3

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Hangzhou, 25th October: Chinese Online information provider, Zhejiang Netsun, recently announced its financial results for the quarter ended 30th September 2018. Revenues in the quarter were US$17 million representing growth 38% year-on-year. However, net income dropped 42%, down to US$549,000.

For the nine months ended 30th September, Shenzhen-listed Netsun generated revenues of US$47 million - a year-on-year increase of 23%. Net income in the period jumped 56%, reaching US$4.6 million. Earnings per share for the nine-month period were RMB 0.12 (US$0.017).

300 exhibitors join first LEAP Expo in Shenzhen

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Shenzhen, 15th October: The inaugural edition of the LEAP Expo was held from 10th to 12th October 2018 at the Shenzhen Convention and Exhibition Center (SZCEC). About 300 exhibitors and some 16,300 professional visitors attended the show – which covered 15,000 m2 of gross space.

LEAP Expo featured five key themes: Automation and Robotics, Smart Factory, Electronics Manufacturing Solution, Dispensing & Materials, Cable Processing & Interconnection Technology, and Advanced Laser Technology and Application. The event was organised by: Messe München Shanghai, the China Council for the Promotion of International Trade (CCPIT) Machinery Sub-Council, and the Chinese Optical Society-Laser Processing Committee.

Alibaba Cloud opens data centres in UK

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Hangzhou/London, 22nd October: Earlier this week Alibaba Group’s cloud computing arm, Alibaba Cloud, opened two new data centres in the U.K.

Both of the new data centres are located in London and offer 24/7 on-site support. The centres also offer Alibaba Cloud services including: Elastic Computing, Storage, Database, Network, Application Services and Big Data Analytics.

MITEC to host UBM shows in 2019

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Malaysia, 16th October: This week, Malaysia’s newest exhibition centre, the Malaysia International Trade & Exhibition Centre (MITEC), announced two collaborations – one with UBM Malaysia and one with Guangdong Tanzhou International Convention and Exhibition Center (GICEC).

UBM Malaysia will organise eight independent building and environment-related shows under a single show brand, ASEAN Super 8. These events will be held at MITEC beginning in 2019 and they will be held in conjunction with International Construction Week 2019.

Separately, MITEC and GICEC signed a Memorandum of Understanding (MoU) establishing an exclusive collaborative partnership, aiming to increase cooperation and foster greater ties between Malaysia and China. They will jointly promote and support each venue’s portfolio and also exchange business leads linked to trade and public shows.

4,300+ exhibitors at HKTDC’s electronics fairs

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Hong Kong, 13th October: The Hong Kong Trade Development Council (HKTDC) has concluded its 38th Hong Kong Electronics Fair (Autumn Edition) and the 22nd electronicAsia running from 13th to 16th October 2018 at the Hong Kong Convention and Exhibition Centre (HKCEC). The two co-located trade fairs featured more than 4,300 exhibitors from 25 countries and regions.

Positioned as the world’s largest electronics marketplace, the Electronics Fair was organised by the HKTDC, while the electronicAsia was jointly organised by the HKTDC and MMI Asia. Nearly 87,000 buyers from 139 countries visited the four-day fairs. According to the HKTDC, buyer attendance increased from certain key markets including: Canada, Italy, Singapore, Taiwan, the U.K., Brazil, Mainland Chinese, India, Indonesia, Malaysia and Russia. More than 63,500 buyers attended the Electronics Fair, while over 23,400 visitors attended electronicAsia.

Global Sources Electronics show opens in two phases

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Hong Kong, 11th October: Global Sources opened its Global Sources Electronics show on 11th October at Hong Kong’s AsiaWorld-Expo (AWE) featuring more than 7,500 booths.

The event is held in two phases. The first phase, Consumer Electronics, ran from 11th to 14th October and it featured some 3,900 booths. The second phase is Mobile Electronics which, according to the organiser, has become the largest mobile electronics sourcing show in the world. Mobile Electronics runs from 18th to 21st October focusing on the latest mobile devices and accessories, speakers, headphones, AR/VR products and wearable devices.

IT&CMA and CTW Asia-Pacific concludes in Bangkok

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Bangkok, 11th October: The co-located 26th Incentive Travel & Conventions, Meetings Asia (IT&CMA) and 21st Corporate Travel World (CTW) Asia-Pacific concluded last month, attracting over 3,000 delegates.

Running from 18th to 20th September at the Bangkok Convention Centre at CentralWorld Bangkok, a total of 360 exhibiting organisations attended the three-day event. The Asian MICE Cruise Conference was also held for the first time and some 400 major cruise players and stakeholders in the region attended the conference.

UBM brings jewellery fair to Chennai

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Chennai, 15th October: UBM India, a UBM plc subsidiary, will open the first edition of its Chennai Jewellery & Gem Fair (CJGF) on 20th October. The event will run until 22nd October at the Chennai Trade Centre.

The Chennai Jewellers Association will support the new fair. It is expected to attract more than 150 exhibitors. The fair will feature pavilions, an “Artisan Zone”, a designer gallery, a networking night as well as a three-day seminar.

New Exhibition Director at Reed’s IBTM World

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Worldwide, 17th October: IBTM, part of Reed Travel Exhibitions, has appointed David Thompson as the new Exhibition Director for IBTM World.

Thompson has worked for various companies in the industry producing some award-winning events over the past 14 years. According to Reed, Thompson will bring his experience with organising exhibitions and conferences across Europe, the Middle East and the U.S. to IBTM.