Friday, August 01, 2014
News this week: The 5th edition of Shanghai International Aviation & Space Fair (SAS) recently attracted 102 exhibitors from 15 countries and regions to the Shanghai Exhibition Center. More than 40% of exhibitors originated from overseas, which included those from the U.S., Italy, Canada, Germany, Italy, Slovakia and Taiwan.
The trade fair was spread over a total exhibition space of 10,000 m2 showcasing the latest products and technology on aviation and aerospace. SAS is jointly organised by Deutsche Messe and its subsidiary Hannover Milano Fairs Shanghai, and hosted by the Shanghai Association for Science & Technology, Shanghai Society of Aeronautics and Shanghai Society of Astronautics. The three-day fair ran from 26th to 28th June 2014 and attracted close to 5,800 trade visitors.
James Fu, general manager of Hannover Milano Fairs China commented, “The first time of Hannover Milano Fairs to organise the aviation and space fair concludes with a satisfied result. This three-day exhibition has attracted qualified visitors and demonstrates the high potential of China’s aviation and space industry. Most of the exhibitors from America, Canada, Germany, Italy, Slovakia, Czech and China Taiwan are intended to participate in the next SAS in 2016.”
News this week: Last week, the second edition of Auto Expo Myanmar successfully concluded at the Tatmadaw Exhibition Hall in Yangon. Jointly organised by the Taiwan External Trade Development Council (TAITRA) and Taipei-based Chan Chao International, the show featured 120 exhibitors from eight countries and regions during 18th to 21st July.
Exhibitors from Taiwan, Malaysia, Myanmar, the Philippines, U.K., U.S., Vietnam and mainland China showcased automobile parts and components to a reported audience of 8,130 buyers – up 19% from last year. TAITRA expects the show to generate up to US$25 million in sales. According to TAITRA’s statistics, there are between 500,000 and one million automobiles in Myanmar, where the majority are second-hand imports.
Walter Yeh, executive vice president of TAITRA, was quoted saying, “Our debut in Myanmar last year featured the dual themes of auto parts and electromechanical equipment. This year, we are focusing on a single theme and it has paid off, attracting even more visitors to the expo.”
News this week: UBM Asia’s June Hong Kong Jewellery & Gem Fair covered more than 70,000 m2 of gross exhibition space at the Hong Kong Convention & Exhibition Centre (HKCEC) this year. The four-day trade show was held from 19th to 22nd June, and featured 1,894 exhibitors from 40 countries and regions.
According to UBM Asia, some 26,100 visitors from 117 countries and regions were in attendance. Around 64% of visitors originated from overseas with the largest participation recorded from mainland China (9,362), India (1,037), Taiwan (805), the Philippines (624), Thailand (608), Japan (511), the U.S. (440), Korea (421), Indonesia (291) and Australia (274).
Celine Lau, director of Jewellery Fairs of UBM Asia, commented, “The growth in exhibition space is a milestone of the June Fair. The roughly 10% growth in the number of visitors from Asia compared to last year’s edition shows that the region continues to be the engine of growth for the luxury jewellery market. The growth in the number of visitors from mainland China and India remained at double-digits this year.”
News this week: London-based media group, Reed Elsevier, reported its interim results for the six months ended 30th June 2014. The group’s revenues grew by 4% to £2.8 billion (US$4.9 billion), while excluding for biennial exhibition cycling, revenues were up by 3%. Adjusted operating profit in the period was £860 million (US$1.5 billion), a year-on-year increase of 5%.
In the first half of 2014, the exhibitions business generated revenues of £490 million (US$838 million), up 8% year-on-year, including 2% of positive biennial cycling and timing effects. Adjusted operating profit in the six-month period also rose by 8%, amounting to £152 million (US$260 million).
Reed’s management highlighted its operations in the U.S. and Japan as a result of strong demand across its portfolio of events in the U.S. and strong growth recorded in almost all of its major Japanese events. In the first half of the year, Reed Exhibitions launched 20 new events and completed two small acquisitions.
News this week: Last week, leading Chinese-language Internet search provider, Baidu, reported revenues of US$1.93 billion for the quarter ended 30th June 2014 – a jump of 59% year-on-year. Net income attributable to the company grew 34% from last year, amounting to US$572 million. Diluted earnings per share in the period were RMB 10.09 (US$1.63).
Most of Baidu’s revenues were generated from its online marketing services, which amounted to US$1.91 billion. In the second quarter of 2014, the number of active online marketing customers grew moderately by 4.3% over last year, reaching 488,000. Revenue per online marketing customer in the period was US$3,901, up 50% year-on-year.
Robin Li, chairman and CEO of Baidu, said, “We had a great quarter as we continued to build very strong mobile momentum. As the clear leader in mobile search, mobile map and app distribution, mobile revenue for the first time ever contributed to 30% of our total revenue.”
News this week: Earlier this week, London-listed media group, Tarsus Group, released its financial results for the six months ended 30th June 2014. Group revenues were £23.1 million (US$40 million), like-for-like revenue was up 9% after adjusting for biennial exhibitions and acquisitions. Adjusted profit before tax in the first half of the year was £3.0 million (US$5.1 million), compared with £3.9 million (US$5.9 million) last year.
Tarsus’ management reported strong performance from emerging markets, especially in Dubai and China. In China, Tarsus acquired underwear show, SIUF, in April 2014, and recorded a strong performance in its first edition in May. The company also reported on the strong performance of its Chinese joint venture, Tarsus Hope Exhibition, which recorded significant revenue increase during the period.
Douglas Emslie, Tarsus’ managing director, said, “Tarsus has delivered a solid performance in what is the quietest six months for trading in our two-year cycle. We are continuing to progress our ‘Quickening the Pace’ strategy which has seen us make a number of strategic acquisitions in the last year as well as accelerate launch activity as we seek to replicate some of our leading brands internationally.”
News this week: UBM plc announced its acquisition of long-term partner, Seatrade Communications Ltd, a global B2B media company focused on the maritime industries. The two companies have partnered on various maritime events in the past. Seatrade’s executive chairman and owner, Chris Hayman, will remain as chairman of the business.
Seatrade’s portfolio of global events includes Seatrade Latin America Cruise Convention, Seatrade Middle East Cruise Forum, Sea Asia in Singapore, Seatrade Middle East Maritime in Dubai, and Seatrade Offshore Marine and Workboats Middle East in Abu Dhabi. These events are supported by various online and print publications including Seatrade Cruise Review, Seatrade Insider, Seatrade Global portal and Seatrade Magazine.
Michael Duck, UBM’s global maritime director and executive vp of UBM Asia, commented, “We have enjoyed a successful partnership with Seatrade for many years, and are delighted to now bring UBM and Seatrade together as one business to better serve our community of customers, delegates and readers across the maritime world. The unified portfolio and management structure will create a simplified, coherent and stronger global offering for our clients.”
Friday, July 25, 2014
News this week: The Alibaba Group’s B2B e-commerce subsidiary, Alibaba.com, announced a partnership agreement with seven Chinese banks to offer unsecured business loans to small and medium-sized enterprises (SMEs) from mainland China.
SMEs using Alibaba’s OneTouch trade-services platform can borrow from RMB 1 million (US$161,000) up to RMB 10 million (US$1.61 million) depending on company’s prior six-month export history and creditworthiness, which Alibaba gathers through OneTouch – an Alibaba-affiliated import/export service company.
Other Alibaba.com suppliers who do not use OneTouch can also apply for smaller loans under the programme, but are limited to a lower amount. According to Alibaba, the company will be responsible for evaluating creditworthiness based on shipment data from customs agencies and logistics companies, while the final lending decision lies with participating banks.
News this week: Last week, Reed Exhibitions announced a joint venture (JV) agreement was penned with Bangalore-based Triune Exhibitors Pvt Ltd to form Reed Triune Exhibitions Private Limited. The establishment of Reed Triune Exhibitions will join a growing list of JVs in India for Reed which includes New Delhi-based Reed Manch and Reed SI.
The new JV company will be based in Bangalore, and initially focus on the internationalisation of existing show, AMTEX (Asian Machine Tools). AMTEX is held concurrently at New Delhi’s Pragati Maidan together with Triune’s other industrial-focused trade shows – ELASIA (Power, Electrical & Industrial Electronics) and Automation Asia.
Mr Dan Londero, regional president of Reed Exhibitions, said, “The formation of this joint venture allows us access to the manufacturing sector in India which is a core competence for Reed internationally. It also gives us a valuable foothold into the important southern regions of India via our office and team in Bangalore. We firmly believe that the way forward for Reed in India is via a network of experienced and reliable local partnerships and I look forward to working with Cyril and the team as we develop the business for the future.”
News this week: International exhibition organiser, Messe Frankfurt, will add a new event to its portfolio in Shanghai. The Shanghai International Lighting Fair will take place at the Shanghai New International Expo Centre (SNIEC) from 3rd to 5th September 2014.
Organised by Guangzhou Guangya Messe Frankfurt Co Ltd, a subsidiary of Messe Frankfurt, Shanghai International Lighting Fair will feature more than 100 exhibitors covering lighting products and solutions. The inaugural event will run concurrently with three other existing events: ISH Shanghai & CIHE, Shanghai Intelligent Building Technology, and Building Solar China – Conference and Exhibition. The four events will occupy an exhibition space of 40,000 m2.
Lucia Wong, deputy general manager of Messe Frankfurt (Shanghai) Ltd commented, “The Shanghai International Lighting Fair was primarily designed to facilitate the growth of Central and East China’s project-based business community. Utilising our experience as the organiser of the Guangzhou International Lighting Exhibition, we aim to bring together influential lighting design and technology companies, looking to tap into the local region’s rapidly developing commercial and residential building sector.”