Friday, November 09, 2012

Global Sources signs AWE contract extension

News this week: NASDAQ-listed Global Sources has announced a renewal of contracts to host the company’s China Sourcing Fairs (CSF) at the AsiaWorld-Expo (AWE) for 2015 and 2016. According to Global Sources, the total contract value amounted to US$21.4 million, where the CSF events attracted close to 14,000 exhibitor booths and more than 122,000 buyers in 2012.

The recently concluded fall edition of CSF featured more than 7,100 booths and 61,200 visitors from companies including Best Buy, Bosch, El Corte Inglés, Forever 21, Li & Fung, Logitech, LOUIS VUITTON, Marks & Spencer, Panasonic, Quiksilver, RadioShack, Samsung, Staples, ThreeSixty Sourcing, Toys”R”Us, Tesco and Woolworths.

Spenser Au, CEO of Global Sources, commented, “The China Sourcing Fairs series are held every April and October and, since 2006, AsiaWorld-Expo in Hong Kong has been the home for the shows. The renewal of our contracts with AsiaWorld-Expo Management will see us celebrating ten years of using Hong Kong’s AsiaWorld-Expo venue in 2015 and that is something we are very excited about.”

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.

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