Friday, February 27, 2015
News this week: New York-listed Alibaba Group has announced the company’s completed restructured relationship with Zhejiang Ant Small and Micro Financial Services (Ant Financial) – now officially parent company of Alipay and Alibaba’s small- and medium-sized enterprise (SME) loan business.
Alibaba Group and Ant Financial first agreed on a purchase agreement prior to Alibaba’s IPO in September 2014. The restructuring sees Alibaba reduce its risks involved with the loan business and refocus on the e-commerce sector. According to Alibaba, Alipay has more than 300 million registered users and processes more than 80 million transactions per day as of December 2014.
The Alibaba Group will no longer consolidate the financial results of the SME loan business in its future financial filings. Ant Financial’s businesses portfolio offers a range of services complimentary to Alibaba’s “e-commerce ecosystem” including Alipay, Alipay Wallet, Yu'e Bao, Zhao Cai Bao, Ant Micro Loan and Sesame Credit.
News this week: Earlier this week, dmg events Middle East and Asia announced its expansion through the opening of the company’s new Indian headquarters in Mumbai and offices in Bangalore. dmg events has appointed Mr. Sajid Desai as country director to lead its operations in India.
The Dubai-based event organiser’s portfolio includes building and construction show, The Big 5 Construct India and ADIPEC in Abu Dhabi. The upcoming 3rd edition of The Big 5 Construct India will take place in Mumbai this September, and is jointly organised with the Federation of Indian Chambers Of Commerce and Industry (FICCI).
Mike Allsopp, senior vice president of dmg events Middle East, India and Asia, commented, “With an energetic and visionary new government looking to stimulate key sectors of the Indian economy, dmg events are looking forward to taking advantage of the opportunities that will emerge. Sajid is an experienced professional who is well versed in operating in the Indian market with over two decades of experience in business-to-business, special interest and business-to-consumer industries in exhibitions, events, media and online.”
New this week: Earlier this week, Bangkok-listed business information provider, Business Online (BOL), announced its financial results for the year ended 31st December 2014. The company reported revenues of US$14 million, up 13% year-on-year. However, net income in the year decreased by 12%, down to US$2.4 million. Diluted earnings per share in 2014 were Baht 0.10 (US$0.0030).
More than half of BOL’s revenues were generated through its flagship online information service, amounting to US$7.0 million. This represents a 10% decrease from the previous year. Other service generated revenues of US$6.4 million, a growth of 59%. The remaining revenues were generated from other income, which the company did not supply details regarding these revenue categories.
News this week: Last week, trade show organiser Mega Expo Holdings Limited announced its interim result for the six-month period ending 31st December 2014. The company generated revenues of US$23 million, a year-on-year decrease of 10%. Net profit during the period was US$5.6 million, flat against the same period in 2013. Diluted earnings per share in the period were HK$0.2075 (US$0.027).
According to the company, the majority of its revenues were generated from the organising of exhibitions, which dropped by 10% to US$22 million. The company’s remaining revenues were generated from exhibition-related services and ancillary services.
The company’s management attributed the drop in revenue to the end of a co-operation agreement for the Asia Expo-Singapore and Fujian Commodities Expo-Singapore, as well as competition from other exhibition organisers.
News this week: Earlier this month, international organiser, Informa plc, released its financial results for the year ended 31st December 2014. Group revenues in the year were £1.1 billion (US$1.8 billion), flat against 2013. Adjusted operating profit in 2014 was also flat at £334 million (US$521 million).
The company reported revenues generated from its global exhibitions grew 25% year-on-year, reaching £200 million (US$312 million). Adjusted operating profit was £67 million (US$105 million) in 2014, an increase of 35%.
In Asia, Informa reported a strong performance of the China Beauty Expo, which the organiser acquired in 2013. A total of 1,837 companies occupying 6,433 booths exhibited at the 2014 event, and attracted 252,200 visitors from 80 countries and regions. The event covered an exhibition space of 127,000 m2 over 11 halls at Shanghai New International Expo Centre (SNIEC).
News this week: The Thailand Convention and Exhibition Bureau (TCEB) has revealed Thailand’s business events industry in 2014 was driven by significant growth in visitors originating from the Australia and Oceania region. For the financial year ended September 2014, Thailand received a total of 919,614 business events travellers generating more than US$2.1 billion.
In particular, TCEB highlighted Australia’s position as a top six source market for Thailand’s MICE industry, as Australian business events travellers jumped 137% year-on-year to reach 37,947 generating an estimated US$91.3 million. For the overall Oceania region, business events travellers were up 81% to 47,446. During the first quarter of 2015, a total of 190,660 business events travellers generated revenues of more than US$428 million.
Mr Nopparat Maythaveekulchai, president of TCEB, commented during the Asia-Pacific Incentives & Meetings Expo (AIME) in Melbourne, “As the Thai government’s official flagship body for the business events sector, a core part of TCEB’s mission is to foster the close connections that have been developed with our counterparts and business travellers in key markets such as Australia and Oceania. A 137% increase in Australian visitors in 2014 confirms that our direction in this region is attuned with market demands, especially within the corporate meetings and incentive travels segments.”
Friday, February 13, 2015
News this week: China’s leading e-commerce company, Alibaba Group, announced it invested US$590 million in exchange for a minority stake in Meizu, a smartphone manufacturer based in China.
Under the terms of the deal, Alibaba and Meizu will cooperate to develop Meizu’s hardware and Alibaba’s mobile operating system. Alibaba will provide Meizu with resources and support in e-commerce, mobile Internet, mobile operating system and data analysis for developing Meizu’s smartphone ecosystem, while Alibaba’s online shopping marketplaces will become distribution channels for Meizu’s smartphones and other devices.
Jian Wang, chief technology officer of Alibaba Group, said, “The investment in Meizu represents a significant expansion of the Alibaba Group ecosystem and an important step in our overall mobile strategy as we strive to bring users a wider array of mobile offerings and experiences.”
News this week: Sporting goods exhibition, ISPO Beijing, concluded last month with new record numbers. A total of 434 exhibitors with 656 brands were showcased at the event and it attracted 29,948 participants.
Organised by Messe München GmbH, the event ran from 28th to 31st January 2015, at China National Convention Center (CNCC) in Beijing. Covering about 40,000 m2, the event featured products from the outdoor, action sports, ski, sportstyle and fabrics & fibres segments. International exhibitors originated from Austria, Korea, Czech Republic and Taiwan.
Klaus Dittrich, chairman of the Management of Messe München GmbH, said, “The four trade show days once again showed that the sporting goods industry continues to grow in China. This is also evident in the increasing number and quality of the exhibitors.”
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News this week: UBM EMEA, a subsidiary of UBM plc, concluded a record-breaking edition of CPhI India hosting 1,089 exhibitors from 95 countries and regions as well as some 32,000 attendees. The three-day event was held at the Bombay Convention and Exhibition Centre (BCEC) in Mumbai from the 2nd to 4th December 2014.
According to UBM, visitor numbers grew 7% over 2013 with visitors originating from 95 countries and regions. CPhI India featured a number of group and country pavilions including those from the U.K., U.S., Brazil and China. New features this year saw the launch of a new mobile app to provide additional content to enhance show attendees’ experience.
Chris Kilbee, group director of the pharma portfolio at UBM EMEA Amsterdam, said, “CPhI India success clearly demonstrates the continued growth and recognition of the CPhI portfolio around the globe. Our strategy of carefully listening to our customers, incorporating integrated elements and continually opening up the exhibition to other sectors of the pharmaceutical supply chain, and when appropriate, jointly branding events – such as with P-MEC in India – is integral to our global, yet local, business approach.”
News this week: Earlier this week, the 9th edition of Plastindia concluded at the new Mahatma Mandir Convention cum Exhibition Centre. The six-day plastics industry trade show featured 2,000 exhibitors from 40 countries and regions. Plastindia was held from 5th to 10th February. According to the show’s organiser, close to 200,000 visitors attended this year.
Plastindia was previously held at New Delhi’s Pragati Maidan. While the media reported some exhibitors are concerned about lower attendance from foreign buyers due to the move away from New Delhi, the show’s organiser, Plastindia Foundation, has stated the next edition of Plastindia in 2018 will remain in Gandhinagar.
Subhash Kadakia, president of the Mumbai-based Plastindia Foundation, was quoted saying, “Plastindia 2015 has surpassed all our expectations.” A board member of the PlastIndia Foundation added, “The footfall was higher than at Pragati Maidan in New Delhi. Besides India, the show saw participation from companies in U.K., France, Austria, Germany, Netherlands, China, Taiwan and Korea, etc.”