Thursday, April 30, 2015

IPIM hosts Macau MICE strategy workshop

News this week: Last week, the Macao Trade and Investment Promotion Institute (IPIM) organised a Business Events Strategy Workshop at the Macao Business Support Centre (MBSC). The one day event, held on 23rd April, focused on assisting the promotion and development of the administrative region’s convention and exhibition industry.

During the event, IPIM, together with more than 50 delegates representing the local MICE industry and international chambers of commerce, touched on local challenges and opportunities and explored ways to jointly develop strategies to promote its sustainable development. The workshop was headed by IPIM´s consultant, Mike Williams, sharing insights, as well as discussions on planning and marketing strategies.

The government-backed investment promotions body provides “One-Stop Services” for the bidding and support of MICE events in Macau to local and international event organisers.

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Messe Frankfurt inks deal to cooperate on Meat Expo China

News this week: Messe Frankfurt (Shanghai) has signed a deal with the Circulation Industry Promotion Centre (CIPC) to cooperate on the Meat Expo China event. CIPC, which is a subsidiary of China’s Ministry of Commerce, first organised Meat Expo in the northern city of Harbin in 2002.

In 2014, the exhibition attracted some 84 exhibitors and 6,000 trade visitors. The exhibition has rotated through several Chinese cities including Shanghai, Beijing, Chengdu, Ningbo and Tianjin. The next edition of Meat Expo China is scheduled to be held on 25th to 27th November at the Shanghai New International Exhibition Centre (SNIEC). Messe Frankfurt plans to pair Meat Expo China with its Food Technology exhibition.

Richard Li, General Manager of Messe Frankfurt (Shanghai) commented, “Realising the endless opportunities existing in the meat industry of China, now is the time for us to engage in the market. The joint operation between CIPC and Messe Frankfurt only stands to be positive. With our substantial history in organising successful trade fairs and our vast nexus of contacts, partnered with CIPC’s market knowledge and long history in the meat industry, this is bound to be a successful venture for both exhibitors and buyers in the burgeoning meat industry in China.”

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

Netsun’s Q1 revenue down 18%, 2014 revenue down 20%

News this week: Shenzhen-listed online sourcing platform, Zhejiang Netsun, released its financial results for the quarter ended 31st March 2015. The company reported revenues of US$5.7 million, down 18% from the same quarter of last year. The company did not comment on the decrease in revenue. Net profit attributable to shareholders in the quarter dropped 19% year-on-year, to US$1.4 million. Earnings per share in the period were RMB 0.04 (US$0.0065).

For the financial year ended 31st December 2014, the Hangzhou-based company generated revenues of US$25.8 million, down 20% compared with 2013. Net profit attributable to shareholders in the year was US$5.4 million, up 1.3% from the previous year. Earnings per share in 2014 were RMB 0.16 (US$0.0258).

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

Baidu’s Q2 revenue jumps 34%

News this week: This week, leading Chinese-language Internet search provider, Baidu, announced its first quarter results for 2015. Revenues were US$2.1 billion, a jump of 34% over the same period last year. Net income was US$395 million, down 3.4% over the first quarter of 2014. Diluted earnings per share in the period were RMB 6.76 (US$1.09).

More than 98% of Baidu’s revenues were generated from its online marketing services. The number of active online marketing customers increased 17.5% to about 524,000 in the first quarter of 2015, while revenue per customer grew to US$3,839 – an increase of 13.9% over the corresponding period of last year.

Robin Li, chairman and CEO of Baidu, commented, “Mobile’s tremendous momentum continued this quarter, with mobile contributing 50% of total revenue. Baidu’s platform is comprehensive and robust, and we plan to fully exploit the huge growth potential ahead – in mobile marketing, online to offline, and key select verticals such as healthcare, education and financial services – by leveraging our solid mobile foundation, exceptional technology advantage, and proven operational experience.”

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HKTDC’s gifts & premium show features 4,200 exhibitors

News this week: The 30th edition of the Hong Kong Trade Development Council’s (HKTDC) Hong Kong Gifts & Premium Fair closes today. The exhibition attracted a record number of more than 4,200 exhibitors from 38 countries and territories at the HKCEC venue in Hong Kong’s Wanchai district. To recognise the 30th edition of the event, the HKTDC set-up a special display charting the evolution of the exhibition over the past 30 years.

This year’s event also featured “premium zones” covering topics such as beauty products & accessories, fine porcelain gifts, health & wellness, etc. The exhibition also featured design awards and seminars covering topics including licensing opportunities, sustainable practices, and e-business opportunities.

At the same time, the HKTDC’s Printing & Packaging Fair opened at AsiaWorld-Expo on 27th April and also closes today. This is the 10th edition of this event and featured a record 420 exhibitors from Hong Kong, Belgium, Korea, Malaysia and Vietnam. The event covers printing and packaging products, services, industrial equipment as well as pre- and post-press logistics services.

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

Global Sources launches two new verticals

News this week: Earlier this week, NASDAQ-listed Global Sources officially announced the launch of its fashion vertical as well as a gifts & home vertical. The verticals connect buyers and suppliers across what Global Sources refers to as five media channels: an online marketplace, a magazine, alerts, a mobile app and their series of trade shows.

Several co-located shows close today at AsiaWorld-Expo including Fashion Accessories, Garments & Textiles, Underwear & Swimwear and the India Sourcing Fair: Garments & Accessories – as well as China Sourcing Fairs: Gifts & Premiums and Home Products.

Global Sources’ CEO, Spenser Au, commented “From product discovery to final orders, we help quality buyers find quality suppliers who establish long-term business partnerships. This is our 10th year holding the shows in Hong Kong and our shows have become a must-attend event for buyers in the gifts and home products industries. Top suppliers from China and across Asia showcase their newest products and this, in turn, attracts top buyers to attend every April and October.”

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

Friday, April 24, 2015

Japan to launch first defence industry trade show

News this week: Japan will host its first international defence industry trade show at Pacifico Yokohama from 13th to 15th May 2015. The MAST Asia exhibition and conference is focused on maritime security. The show launch coincides with the lifting of a ban on defence exports in 2014 by Japanese Prime Minister Shinzo Abe.

The Yokohama event, organised by MAST Communications, is expected to span 3,000 m2 of exhibition space, and feature international delegates from countries including Australia, France, Germany, Malaysia, Norway, the Philippines, U.K. and U.S. Two of Japan’s largest defence contractors, Mitsubishi Heavy Industries and Kawasaki Heavy Industries, will join other exhibitors at the show.

Warren Edge, CEO of MAST Communications, said, “I’ve always had an interest to come here, but up until a few years ago, there was no appetite domestically for anything like this.” The organiser added that representatives of Chinese companies or its government will not attend, stating the decision to not invite them was taken “out of consideration of our hosts.”

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

UBM Asia expands health & beauty portfolio to Vietnam

News this week: UBM Asia, a subsidiary of UBM plc, will expand its health and beauty event portfolio to Vietnam with the launch of the new Vietbeauty show in 2016. The inaugural edition of Vietbeauty will be held from 18th to 20th August 2016 at Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City.

The event will be supported by the Ho Chi Minh City Cosmetics Association, the Vietnam Essential Oils, Aromatherapy and Cosmetics Association, and the Ho Chi Minh City Society of Plastic and Aesthetic Surgery. Exhibitor product categories will include cosmetics, skincare, hair care, nail care, spa and wellness products, beauty salons and aesthetic equipment and supplies. UBM expects to host more than 150 international suppliers at the event.

M. Gandhi, managing director of UBM Asia (ASEAN Business), said, “Given the opportunities arising from the country’s current economic growth, we chose to launch Vietbeauty to deliver a higher quality and level of business for buyers and manufacturers beyond what they have ever experienced before… Moreover, the event expects to have the strong participation of leading brands providing full packaging, labelling and ingredient sourcing for beauty manufacturers as well as seminars and events to improve the aesthetician skills for locals.”

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

1,900+ booths at Global Sources’ second phase electronics show

News this week: Earlier this week, Global Sources held the second phase of its spring electronics show featuring more than 1,900 booths focused on mobile electronics. The show ran from 18th to 21st April at the AsiaWorld-Expo (AWE). Exhibitor product categories covered smartphones, tablets, drones, wearables and accessories.

The two phases of Global Sources Electronics combined featured a total of 5,500-plus exhibitor booths, and is reportedly the world’s largest electronics sourcing trade show. Global Sources hosted several dedicated product zones during the second phase this week including the robotics experience zone, drones experience zone, wearable experience zone, brand zone, as well as a specialised area for mobile accessories with more than 1,100 booths.

Tommy Wong, president of Global Sources Electronics Group, said, “Over the past 10 years hosting our events in Hong Kong, we have focused on attracting quality-focused, innovative electronics suppliers from China and across Asia. Our electronics show has gained a reputation as a place to discover the most cutting-edge electronics products coming out of the region. This, in turn, has attracted the world's top buyers to attend our events.”

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

2,100+ exhibitors at HKTDC’s Houseware Fair

News this week: Earlier this week, the Hong Kong Trade Development Council (HKTDC) opened its Hong Kong Houseware Fair and Hong Kong International Home Textiles & Furnishings Fair at Hong Kong Convention and Exhibition Centre (HKCEC). The co-located shows ran from 20th to 23rd April.

The Houseware Fair, now in its 30th edition, featured over 2,100 exhibitors from 36 countries and regions. First time participants from Cyprus, Egypt and South Africa and a total of 14 group pavilions showcased their products at the fair. New zones at the fair this year included bath, beauty & healthcare; festive décor; home cleaning; storage solutions; and wine tools & accessories.

The sixth Home Textiles & Furnishings Fair featured more than 240 exhibitors, including first time exhibitors from Belgium, Indonesia and New Zealand. One of the highlights at this year’s show was the premium “Hall of Glamour”, which showcased top-quality and branded household textiles.

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.