Share price movement in B2B media companies involved in Asia
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Read MoreWeekly Newsletter
Reed acquires PackPlus India
/India, 1st May: Last week, Reed Exhibitions, an international leading exhibition organiser, announced that the company has acquired PackPlus, a portfolio of trade fairs serving the Indian packaging industry. Financial details of the acquisition were not disclosed.
PackPlus, previously owned by Next Events, was launched in 2006 and has its flagship annual event in Delhi. Today, the PackPlus portfolio also includes PackPlus South (Bangalore/Hyderabad) and the India Packaging Show in Mumbai.
HKTDC fairs in April attract 236,000+ buyers
/Hong Kong, 7th May: Last month, the Hong Kong Trade Development Council (HKTDC) organised seven fairs, which attracted more than 236,000 buyers from 181 countries and regions. That figure represents a 2% increase year-on-year. Over 140,000 of those buyers were from China and overseas, up 4.5% compared with the previous edition.
The HKTDC’s seven fairs were: Hong Kong International Lighting Fair (Spring Edition), Hong Kong Electronics Fair (Spring Edition), International ICT Expo, Hong Kong Houseware Fair, Hong Kong International Home Textiles and Furnishings Fair, Hong Kong Gifts & Premium Fair, organised by the HKTDC, as well as the Hong Kong International Printing & Packaging Fair which was jointly organised by the HKTDC and the CIEC Exhibition Company (HK) Limited.
Vending machine show in Shanghai attracts 20,000+ visitors
/Shanghai, 6th May: The 16th edition of the China International Self-service, Kiosk and Vending Show (CVS) concluded in Shanghai last month attracting more than 300 exhibitors, 100 media partners and more than 20,000 professional trade visitors.
Organised by Expo Promoter, the show ran from 25th to 27th April at Shanghai New International Expo Centre (SNIEC). CVS 2019 is positioned as Asia’s largest vending show. The show covered key categories such as automated vending machines, facial recognition technology, smart unmanned stores, 3-D food printing. Overall, CVW covered a total exhibition area of 20,000 m2.
INTERSCHUTZ expands to China
/Shanghai, 8th May: Deutsche Messe, an international exhibition organiser, will expand its INTERSCHUTZ portfolio to Shanghai this November under the name, “CEFE powered by INTERSCHUTZ.”
CEFE powered by INTERSCHUTZ is organised by Deutsche Messe, the China National Machinery Industry International Company (SINOMACHINT), the Guangzhou Lisheng Exhibition Company, the Guangdong Xinhaijun Development Company and the China Association for Disaster Prevention.
It will take place at Shanghai New International Expo Centre (SNIEC) running from 5th to 7th November 2019. It is expected to occupy an area of about 20,000 m2. Nearly 300 companies will showcase at the new show and it is expected to attract approximately 10,000 industry professionals. Product categories covered will include fire brigades, rescue services, monitoring and early warning systems, preventive fire protection, civil protection and protective equipment.
Sino Splendid’s revenues up 61% in Q1
/Hong Kong, 8th May: Earlier this week, Hong Kong-listed Sino Splendid (formerly China.com) announced its results for the quarter ended 31st March 2019. The company reported total revenues of US$3.2 million in the quarter, representing growth of 61% compared with the first quarter of 2018. Sino Splendid posted a net profit of US$170,000 in the quarter, compared with a loss of US$1.1 million in 2018. Earnings per share in the period were HK$0.0035 (US$0.0004).
Sino Splendid attributed the revenue increase to the growth of its Travel Media Business. Its Travel Media Business’ revenues rose 78% year-on-year, reaching US$2.3 million and accounting for 71% of Sino Splendid’s total revenues. The remaining revenues were generated from its financial magazine business (US$674,000) and its money lending business (US$243,000).
CCID Consulting narrows loss in Q1
/Beijing, 8th May: Hong Kong-listed Chinese media group, CCID Consulting, has recently released its results for the quarter ended 31st March 2019. Revenues in the period were US$4.6 million, representing a 28% increase year-on-year. The company recorded a net loss of US$230,000, less than the loss of US$373,000 in the same quarter last year.
CCID’s information engineering supervision services became its largest business segment, accounting for 53% of total revenues. The business segment generated revenues of US$2.4 million, which represents an increase of 115%. The company’s management maintains that the increase was mainly due to investments and growth of its information business services.
Share price movement in B2B media companies involved in Asia
/Share price movement
Read MoreZhejiang Netsun’s profit up 82% in 2018
/Hangzhou, 27th April: This week, Shenzhen-listed Zhejiang Netsun released its year-end financial results for 2018. Revenues in the year were US$61 million, up 16% over the 2017 figure. Meanwhile, its net profit grew 82% year-on-year, reaching US$5.1 million. Diluted earnings per share in the year were RMB 0.14 (US$0.0204).
Read MoreGlobal Sources Fashion trade show opens at AWE
/Hong Kong, 27th April: Last week, Hong Kong-based Global Sources opened its Global Sources Fashion event at AsiaWorld-Expo (AWE). Positioned as Hong Kong’s largest fashion sourcing event, the show ran from 27th to 30th April featuring fashion accessories, footwear, fabrics, underwear and apparel.
Read MoreHKTDC’s Gifts & Premium Fair attracts 50,000 buyers
/Hong Kong, 27th April: The Hong Kong Trade Development Council (HKTDC) concluded its 34th edition of Hong Kong Gifts & Premium Fair and the 14th edition of Hong Kong International Printing & Packaging Fair earlier this week, attracting a total of 67,000 buyers from 150 countries and regions. That represents a 4% increase over the previous year.
Read MoreInforma Exhibitions rebranded
/London, 30th April: Informa Exhibitions, a division of Informa PLC, has announced its new name and brand identity, Informa Markets, as part of the rebranding following the acquisition of UBM plc.
Read MoreNine Entertainment to sell ACM
/Australia, 30th April: Nine Entertainment announced the company has agree to sell its Australian Community Media and Printing business (ACM), formerly owned by Fairfax Media, to Antony Catalano for A$125 million (US$88 million). The transaction will be completed by 30th June.
Read MoreNikkei buys Singapore-based DealStreetAsia
/Tokyo, 26th April: Last week, Japan-based media group, Nikkei, announced that the company has acquired a majority stake in DealStreetAsia, a Singapore-based financial news site with a focus on corporate investment activity in Southeast Asia and India. No financial details of the acquisition have been released.
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Read More47,000 buyers at HKTDC’s Houseware Fair & Home Textiles Fair
/Hong Kong, 20th April: The Hong Kong Trade Development Council (HKTDC) has recently concluded its Hong Kong Houseware Fair and Hong Kong International Home Textiles and Furnishings Fair running from 20th to 23rd April at the Hong Kong Convention and Exhibition Centre (HKCEC). The two concurrent shows featured more than 2,500 exhibitors from 28 countries and regions attracting close to 47,000 buyers from 121 countries and regions.
In its 34th edition, Houseware Fair, billed as the largest show of its kind in Asia, brought some 2,200 exhibitors from 26 countries and regions including first time exhibitors from Egypt, France and Greece. More than 28,000 buyers visited the fair.
More than 300 exhibitors from seven countries and regions were showcased at the 10th Home Textiles and Furnishing Fair offering home textiles and furnishings products. Close to 19,000 buyers attended the fair this year.
Global Sources Mobile Electronics show features 3,600 booths
/Hong Kong, 18th April: Last week, Hong Kong-based Global Sources opened its Mobile Electronics show at AsiaWorld-Expo (AWE) running from 18th to 21st April and featuring about 3,600 booths.
The Mobile Electronics showcased the latest smartphones & tablets, AR/VR/MR, wearable electronics, mobile speakers & headphones, and mobile accessories that included cases & covers, power banks, and wireless charging products, and repair equipment, materials & services.
Deutsche Messe partners with energy tradeshow
/Hannover/Bangkok, 12th April: Deutsche Messe AG announced it will become an international partner of SETA (Smart Energy Transformation Asia) organised by GAT International Company.
Established three years ago, SETA covers the entire energy sector value chain from power generation and grid technology to energy storage and electric mobility solutions. It targets decision makers from the ASEAN region’s energy manufacturing and energy management sectors. The upcoming edition will run from 10th to 12th October 2019 at Bangkok International Trade & Exhibition Centre (BITEC). The organiser expects to attract some 130 exhibitors occupying an exhibition area of 4,000 m2 as well as over 8,500 trade visitors.
UFI: Exhibitions generate US$325 billion in 2018
/Paris, 23rd April: UFI, The Global Association of the Exhibition Industry, released a new report, Global Economic Impact of Exhibitions, calculating the total global economic impact of exhibitions. According to the report, exhibitions generated €275 billion (US$325 billion) in total output globally in 2018.
UFI worked with Oxford Economics to produce the report and was also supported by SISO (Society of Independent Show Organisers). The exhibition sector generated direct GDP of €68.7 billion (US$81.8 billion) during the year. In 2018, some 32,000 exhibitions involved 303 million visitors and over 4.5 million exhibitors across more than 180 countries. A total of €167 billion (US$198 billion) was generated from direct spending and jobs that are specifically involved in planning and producing exhibitions, and for participants and exhibitors to travel to exhibitions, as well as other exhibition-related spending.
Korea to introduce new MICE marketing campaigns
/Korea, 17th April: The Korea MICE Bureau (KMB) will introduce two new MICE marketing campaigns designed to boost the industry in Korea. The new campaign for conventions will be “Stay Connected for Your Success,” while the corporate meetings & incentives campaign theme will be “Light Up Your Passion.”
The convention message summarizes Korea’s three key strengths in the international conferences: Convenient, Advance, and Network.
Meanwhile, the corporate meetings & incentives campaign comes from Korea’s three key strengths as a meetings and incentives destination: Intriguing, Innovation, and Convenient.