Asia Business Media: August 2013

Friday, August 30, 2013

Reed Panorama launches new logistics event

News this week: Reed Exhibition’s Indonesian joint venture company, Reed Panorama Exhibitions (RPE), has announced the launch of the inaugural Indonesia Transport Supply Chain and Logistics trade show which is scheduled to be held from 29^th to 31^st October 2014.

The annual transport and logistics show will be hosted at the Jakarta International Expo Kemayoran (JIExpo). RPE expects to attract more than 200 exhibitors from the five key sectors of: transport and logistics services, information systems and technology, logistics infrastructure, logistics real estate, as well as materials handling equipment and services.

Michelle Lim, president director of RPE, said, “We are extremely excited to be working with and bringing together leading players in the logistics market for this event. We hope to grow and develop the industry and participate in bringing to fruition the National Logistics Blueprint [Sislognas] of 2010-2025.”

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Baidu invests in China group buying platform

News this week: China’s leading Internet search provider, Baidu, announced the acquisition of a 59% stake in Nuomi Holdings Limited on behalf of its subsidiary, Baidu Holdings Limited, for US$160 million. The transaction is expected to close in the fourth quarter of 2013.

Nuomi is a wholly-owned subsidiary of New York-listed Renren Inc., a China-based social networking Internet platform. Nuomi was founded by Renren in 2010 and provides group-buying services in China. Baidu reports Nuomi generated approximately US$120 million in general merchandise sales and had 3.8 million active paying users as of Q2 2013 – 30% of Nuomi’s sales during the period were generated from mobile devices.

Netsun revenue jumps 50% in first half

News this week: Zhejiang Netsun, a Shenzhen-listed online sourcing platform, has announced its results for the first half of 2013. For the six months ended 30^th June, revenues were US$20 million, a significant growth of 50% over the first half of 2012. However, net profit attributable to shareholders in the period dropped 7.5% to US$3.2 million. Earnings per share in the first half were RMB 0.12 (US$0.0196).

Internet services generated about US$11 million, which accounted for 53% of total revenues. The company’s chemical trading services, the second largest business segment, generated revenues of US$7.9 million – 40% of total revenues. The remaining revenues were generated from the exhibition services, which accounted for US$1.3 million.

SEEC’s revenue and profit drop in first half

News this week: Earlier this week, Hong Kong-listed SEEC Media announced its interim results for the six months ended 30^th June 2013. The company generated revenues of US$28 million, a decrease of 6.4% year-on-year. Net profit in the first half was just US$774, compared with US$2.4 million in 2012.

More than 90% of SEEC’s revenues were generated from its advertising business, which amounted to US$25 million. This represents a 9.0% decrease compared with the first half of 2012. The remaining revenues (US$2.5 million) were generated from the sales of books and magazines, a year-on-year increase of 31%.

MMI to co-locate Laser India with two industry shows

News this week: The 2^nd edition of Laser World of Photonics India (Laser India) will return to the Bombay Convention and Exhibition Centre (BCEC), and will be combined with Intersolar India and Analytica Anacon India.

The co-located events are organised by Messe München International (MMI) and will run from 12^th to 14^th November this year. MMI reported the attendance of 128 exhibitors from 15 countries and 2,688 international trade visitors at the 2012 edition of Laser India.

Bhupinder Singh, deputy CEO of MMI India, said, “A platform such as Laser India, with government and association support, can benefit a large number of core and ancillary industries and their end consumers.”

Macau exhibition visitors jump 72% in Q2

News this week: Last week, the Macau Statistics and Census Service (DSEC) announced MICE statistics for the second quarter of 2013. A total of 228 MICE events were held in the quarter, a year-on-year decrease of 6%. There were a total of 219,000 MICE visitors in the quarter, compared with 130,000 recorded last year.

Among the 228 events, 220 were meetings and conferences, which is down slightly from 226 in 2012. A total of 24,000 participants attended the meetings and conferences in the quarter, which is a significant increase over 17,000 in the second quarter last year. The number of exhibitions held remained flat at eight during Q2, while the number of attendees jumped 72% to 194,000, from 113,000 in 2012.

Friday, August 23, 2013

Alibaba invests in U.S. e-commerce company

News this week: China’s largest e-commerce company, Alibaba Group, has acquired a minority stake in U.S.-based online shopping company ShopRunner for US$75 million.

ShopRunner is run by Yahoo’s former chief executive Scott Thompson. Alibaba executive vice chairman Joe Tsai will reportedly join ShopRunner’s board of directors as part of the deal. ShopRunner is headquartered in San Mateo, California and offers goods from approximately 80 retailers.

ShopRunner is reportedly Alibaba’s second investment in a U.S. e-commerce company this year following an investment in Fanatics Inc., a sports apparel retailer now valued at an estimated US$3.1 billion.

CyberMedia profit up, revenue down

News this week: Indian specialty publisher, CyberMedia, has announced results for the quarter ended 30^th June 2013. CyberMedia’s revenues in the quarter were US$2.6 million, a year-on-year decrease of 17%. In the same period, the company recorded a net profit of US$129,000, up 76% compared with the same quarter last year. Dilute earnings per share in the period were Rs. 0.73 (US$0.012).

CyberMedia’s media services business generated US$1.5 million or 54% of total revenues in the quarter – an increase of 13% over the same period last year. The remaining revenues were generated from its media business segment, amounting to US$1.2 million - down by 36% compared with 2012.

BOL revenue up, profit down in Q2

News this week: Last week, Bangkok-based business information provider, Business Online (BOL), reported its financial results for the quarter ended 30^th June 2013. Revenues for the quarter were US$3.4 million, an increase of 20% over the same period last year. However, net profit for the period was down by 32% to US$587,000.

BOL also released its results for the six months ended 30^th June. Revenues in the first half were US$6.2 million, a 16% increase compared with the first half of 2012. More than half of the company’s revenues, or US$3.6 million, were generated from its online information services. The remaining revenues were generated from its “other services” and “other income” segments.

The company posted a net income of US$1.1 million in the first half, which was down 19% compared with 2012. BOL’s management reported that diluted earnings per share for the six-month period were Baht 0.04 (US$0.0013).

Made-in-China.com’ revenues rise 12%

News this week: Shenzhen-listed Focus Technology, operator of Made-in-China.com, released its results for the six months ended 30^th June 2013 last week. Revenues were US$41 million, up 12% year-on-year. Profit in the first half was US$10 million, a 6.0% increase compared with the same period last year. Diluted earnings per share during the period were RMB 0.53 (US$0.086).

The majority of Focus Technology’s revenues were generated through the operation of its online sourcing platform Made-in-China.com. Membership fees generated US$19 million or 47% of total revenues, while the company’s “Audited Supplier Services” accounted for US$8.9 million or 22% of total revenues. Its value-added services segment generated 17% of total revenues (US$7.0 million).

CEIR reports twelfth consecutive quarter of growth in U.S.

News this week: The Center for Exhibition Industry Research (CEIR) has released its index report on the second quarter performance of the U.S. exhibition industry. CEIR reports the U.S. exhibition industry posted growth of 1.2% year-on-year, down 0.3% compared with the second quarter of 2012.

CEIR’s latest figures represent a twelfth consecutive quarter of year-on-year growth. The CEIR index is a measure of four key industry factors: net square feet sold, number of attendees, number of exhibitors and event revenues.

Net square feet sold at U.S.-based exhibitions were flat in the second quarter compared with the same period in 2012, but revenues were up 1.4% compared with the second quarter of 2012. Overall attendance recorded the largest gain with an increase of 3.9% - that is an improvement over the 2.9% increase recorded in the same period in 2012. The number of exhibiting companies slipped by 0.5% which is weaker than the 0.1% increase recorded in Q2 2012.

Construction of interim facilities at Glebe Island begins

News this week: Construction of the Sydney Exhibition Centre @ Glebe Island has begun. According to Infrastructure NSW (INSW), a 7,000 cubic metre concrete slab, which will serve as the foundation of the 25,000 m² venue, will be ready next month.

Glebe Island will host Sydney’s largest exhibitions from February 2014 until the end of 2016 when the new facilities become available at Darling Harbour. The Sydney Exhibition Centre @ Glebe Island will sit adjacent to the Anzac Bridge at Rozelle in Sydney’s inner-west area.

Andrew Stoner, deputy premier of NSW, said, “Transport will include a quick ferry ride from Darling Harbour and buses from Central Station as well as a car parking on site, a taxi stand and drop off zones. The NSW Government is proud to support the exhibition and events industry by providing this interim facility during the three year construction of the new world-class International Convention Centre (ICC) Sydney and ICC Exhibition at Darling Harbour.”

Friday, August 16, 2013

UBM to launch maritime event in Indonesia

News this week: London-listed international exhibition organiser, UBM plc, will launch a new maritime trade fair in Indonesia in 2014. The inaugural fair, Marintec Indonesia, will be held from 26^th to 28^th November 2014 at Jakarta International Expo (JIExpo).

Marintec Indonesia will be organised under the brand of Marintec and focused on shipbuilding, repair, offshore, port equipment and maritime industries in Indonesia. International conferences and technical seminars will also be held during the fair.

UBM also announced the launch of the inaugural Offshore Marintec Russia in 2014.

Tarsus to launch Indonesia housewares and gift show

News this week: U.K.-listed Tarsus Group will launch a new housewares and gift exhibition, Zuchex Indonesia, in partnership with Indonesian trade show organiser Dyandra Promosindo. The two companies previously announced another partnership to launch the inaugural AAITF Jakarta in March 2014.

Zuchex Indonesia is a geo-clone of the original Zuchex from Istanbul – a show Tarsus acquired in 2012. Zuchex Indonesia will take place on 13^th to 15^th November 2014 at the Jakarta Convention Center (JCC). Tarsus expects some 200 exhibitors and 3,000 visitors to attend the show. Exhibitor products at Zuchex Indonesia will include electrical appliances, steel, kitchen appliances, glassware, porcelain, home textiles, and giftware.

Exhibitors up 26% at Shenzhen fabric and accessories show

News this week: The Shenzhen International Trade Fair for Apparel Fabrics and Accessories concluded this year with an exhibitor increase of 26% from the previous edition in 2012. The show’s 600 exhibitors originated from 11 countries and regions, and occupied 22,500 m² at the Shenzhen Convention and Exhibition Center (SZCEC) – up more than 30% from last year.

The three-day trade show took place from 11^th to 13^th July occupying halls 6, 7 and 8 at the SZCEC. Jointly organised by the Sub-Council of Textile Industry, CCPIT, Messe Frankfurt (HK) Ltd., and the Shenzhen Garment Industry Association, the fair reportedly attracted over 13,000 visitors from 25 countries and regions.

Wendy Wen, senior general manager of Messe Frankfurt (HK), commented, “We were very grateful this year to have the debut India Pavilion, organised by the Cotton Textiles Export Promotion Council of India (Texprocil), and the Korea Pavilion, organised by the Korea Fashion Textile Association (KFTA) at Intertextile Pavilion Shenzhen. Their support not only shows the importance the industry is placing on the Southern China market, but that this fair is the key platform to take advantage of the opportunities here.”

CCID Consulting’s H1 revenue flat

News this week: Last week, Hong Kong-listed CCID Consulting announced its interim results for the six months ended 30^th June 2013. Revenues were US$11 million – almost flat with the first half of 2012. The company recorded a profit attributable to equity holders of US$497,000, down by 64% from the same period last year. Earnings per share in the six-month period were RMB 0.0044.

CCID’s management & strategy consultancy services generated revenues of US$6.8 million or 63% of total revenues. This is a 1.5% decrease compared with the same period last year. The company’s second largest business segment, information engineering supervision services, generated US$2.8 million which accounted for 26% of total revenues – a growth of 47% year-on-year as a result of increased market demand. The remaining revenues were generated from market research services, which dropped 41% year-on-year.

HC International’s profit jumps 155% in first half

News this week: Earlier this week, Hong Kong-listed HC International reported its results for the first half of 2013. Revenues for the six months ended 30^th June were US$57 million, up 47% over the first half of 2012. HC posted a profit attributable to equity holders of US$8.3 million in the period, a significant growth of 155% over last year. Dilute earnings per share in the period were RMB 0.0865 (US$0.0137).

More than 87% of HC’s revenues were generated from its online services, amounting to US$49 million and a jump of 67% over the first half of 2012. The remaining revenues were attributed to seminars & other services (US$4.2 million), and trade catalogues & yellow page directories business (US$3.0 million). However, it is worth noting that these segments continued its decline dropping 11% and 30% year-on-year, respectively.

Global Sources’ profit up 73% in Q2

News this week: Yesterday, NASDAQ-listed Global Sources released its financial results for the quarter ended 30^th June 2013. Revenues in the quarter were US$61 million, a year-on-year decrease of 8.0%. Net profit attributable to shareholders was US$17 million in the period, a jump of 73% from 2012.

Global Sources’ exhibitions business expanded to become its largest business segment during the quarter. Revenues were up 9.1% to US$33 million, or 54% of total revenues. Online business accounted for 37% of total revenues, which amounted to US$23 million or a drop of 25% from last year. Revenues from print services were down 19% to US$3.5 million and accounted for 5.7% of total revenues.

Global Sources also reported its half-year results for the six months ended 30^th June. Revenues in the period were US$93 million, down 12% from the first half of 2012. Net profit attributable to shareholders grew by 75% over last year to US$22 million. Diluted earnings per share in the first half were US$0.62.

Global Sources adds mobile and wireless event next year

News this week: Earlier this week, NASDAQ-listed Global Sources announced the company will launch the inaugural China Sourcing Fair: Mobile & Wireless in April 2014 at the AsiaWorld-Expo (AWE). The new show will be held alongside co-located events including Electronics & Components and Security Products.

Scheduled to be held twice a year during April and October, Global Sources expects the new event to feature more than 800 booths. Pavilions at the event will include smartphones and tablets, accessories, mobile apps and applications, and wireless devices. Global Sources will also host its Private Sourcing Events and free conference programmes to compliment the new event.

Tommy Wong, president of Global Sources Exhibitions, said, “We have seen increasing interest in mobile and wireless products at our electronics trade shows. Accordingly, we have decided to give buyers and suppliers a separate event to highlight the category and to enable them to do business more effectively. According to IDC, 1.7 billion smart connected devices are expected to ship in 2014 with more than 80% of this being smartphones and tablets – representing more than US$500 billion in value. This will be the first show of its kind in Asia.”

Friday, August 09, 2013

TCEB and Philippines’ business associations sign partnership agreement

News this week: The Thailand Convention and Exhibition Bureau (TCEB) announced the signing of a memorandum of understanding (MoU) with the Philippine Chamber of Commerce and Industry (PCCI) and Chamber of Commerce of the Philippine Islands (CCPI).

The MoU aims to further improve trade promotion and expand the MICE industries between the two countries. According to TCEB, the Philippines was ranked ninth last year in terms of numbers of MICE visitors to business events in Thailand – accounting for 16,745 MICE visitors in total. TCEB expects this figure to grow by a further 10% in 2013.

Apart from promotional activities in the Philippines, TCEB will also offer a special incentive programme, ‘100 A-HEAD’, for Philippine-based trade promoters to visit trade exhibitions in Thailand. So far this year, Thailand has welcomed a number of MICE visitors from the Philippines in several exhibitions including VIV Asia, ISRMAX Asia, THAIFEX, Food Ingredient Asia and TFBO & TRAFS.

Global Sources’ China Sourcing Fair in Brazil sold out

News this week: NASDAQ-listed Global Sources has announced a sold out second edition of its China Sourcing Fairs in Brazil more than a month in advance. The three-day trade show will feature more than 930 booths – up more than 80% from 2012.

The show will be held at the Imigrantes Exhibition Center in Sao Paulo from 8^th to 10^th September 2013. The co-located shows will cover Electronics, Gifts and Premiums, Garments and Textiles, and Hardware and Building Materials. In Brazil, the company’s China Sourcing Fairs are managed by Milton Exhibits.

Tommy Wong, president of Global Sources Exhibitions, said, “In a world where near-flat growth has been the norm in recent years, Brazil’s growing economy provides immense trade opportunities for Greater China suppliers. With Brazil set to host the World Cup in 2014 and the Olympic Games in 2016, its stature and importance as a market for manufactured goods will continue to increase.”

Infomedia Press quarterly revenue drop 100%, faces uncertain future

News this week: India-based media company, Infomedia Press, announced its financial results for the quarter ended 30^th June 2013. The company’s revenues in the period were US$333, compared with US$168,000 in the same quarter of 2012, or down 100%. The management attributed the drop to the discontinuation of its printing operation in the previous year.

The operating loss in the quarter was US$29,000, compared with a loss of US$22,000 last year. The net loss for Infomedia in the period was US$169,000, while the net loss in the same period of last year was US$23,000.

Infomedia’s management is currently evaluating various options, including the sale of certain assets of its Printing Press division, along with starting a new line of business in the company. The company also claimed the proposed conditions may cast significant doubt on the company continuing as a going concern.

TTG’s revenue up 6% in first half

News this week: Earlier this week, Hong Kong-listed China.com announced its results for the six months ended 30^th June 2013. China.com is the owner of TTG Media, a travel trade publishing group in Asia. Revenues for TTG Media in the six-month period were US$6.1 million, up 6.1% compared with the first half of 2012.

The travel media segment reported a profit of US$1.1 million – an increase of 22% from the first half of last year. Management attributed the increase to two successful trade shows (ASEAN Tourism Forum 2013 in Vientiane, Laos and IT&CM China 2013 in Shanghai). In addition, TTG has also been appointed the official media partner for eight major international events across Asia, Middle East and Europe in the second quarter.

UBM’s first half revenue down 1.5%

News this week: London-based, UBM plc has reported its interim results for the six months ended 30^th June 2013. Revenues in the first half were £391 million (US$595 million), down 1.5% from last year. Adjusted group operating profit dropped 9.0% to £81 million (US$123 million) in the first half. The company claimed the decline was reflecting its first quarter performance.

Revenues generated from the company’s events business were £220 million (US$335 million), contributing 56% of the group total. The events business’ revenues dropped 1.1% year-on-year. Adjusted group operating profit for the events business was down 14% to £63 million (US$96 million). Forward bookings for the company’s top 20 events were up 12%.

The performance of events in emerging markets was strong in the first half. Revenues increased 10% to £89.5 million (US$136 million), with an operating profit of £20 million (US$30 million).

UBM Sinoexpo acquires stake in Epica’s Starch Exhibition

News this week: UBM Sinoexpo, a joint venture company between Shanghai Sinoexpo International Exhibition and UBM Asia, has acquired a majority stake in the China (Shanghai) International Starch & Starch Derivatives Exhibition (Starch Exhibition) and its co-located sister show International Starch Sugar Products Exhibition from Shanghai-based Epica Exhibition. Financial details of the transaction were not disclosed.

According to UBM, the staff team of Starch Exhibition will move into the UBM Sinoexpo office and work alongside UBM Sinoexpo’s Ingredients team. UBM Sinoexpo will take over as organiser of the show beginning in 2014 – where it will be co-located with two other ingredients show organised by UBM at the Shanghai New International Expo Centre (SNIEC) from 26^th to 28^th June 2014.

Zhang Xue Qiang, managing director of UBM Sinoexpo, said, “Our annual CPhI China and Food Ingredients Asia trade fairs in Shanghai are the leading events of their kind in China, attracting 30,000 and 11,600 visitors respectively this June. The Starch Exhibition is a valuable addition to our ingredients portfolio. This co-location will be to the benefit of all exhibitors reaching an increasing number of buyers, at an enlarged and specialised ingredients sourcing platform.”

Friday, August 02, 2013

Tarsus expands label trade show to Indonesia

News this week: U.K.-based Tarsus announced the launch of the Indonesia Label Show to add to its Labelexpo Global Series of events. The inaugural show will take place from 26^th to 28^th May 2014 at the Jakarta International Expo in Indonesia.

The event launch follows the debut of Label Summit Indonesia which was held in Bali in May this year. The new trade show will feature exhibitors ranging from label converters, package printers, brand owners and manufacturers, as well as heavy machinery demonstrations and a conference program.

Jade Grace, event director, Indonesia Label Show, said, “Indonesia is quickly turning out to be one of the world’s most significant emerging economies with a rising middle class and a strong manufacturing base with investment exceeding 30% of GDP. The tradeshow will provide a unique platform for suppliers and manufacturers of label and package printing/converting machinery, materials and associated technology to meet buyers and demonstrate their solutions in real working time.”

Reed’s exhibitions revenue posts moderate growth

News this week: London-based media group, Reed Elsevier, reported its interim results for the six months ended 30^th June 2013. The group’s revenues grew by 2% to £3.03 billion (US$4.6 billion). While excluding biennial exhibition cycling, revenues were up by 3%. Adjusted operating profit in the period was £870 million (US$1.3 billion), a year-on-year increase of 6%.

The exhibitions business recorded a moderate growth of 1% year-on-year, amounting to £485 million (US$738 million). While excluding biennial effect, the exhibitions business grew 7%. Adjusted operating profit in the six-month period was £151 million (US$230 million), flat with last year.

In the first six months of 2013, Reed launched 15 new events, primarily in emerging markets. According to the company, the U.S., Japan, Brazil and other markets grew well during the period, with the exception of Europe which saw modest growth.

Tarsus’ revenue in emerging markets up 13%

News this week: Earlier this week, London-listed media group, Tarsus Group, released its financial results for the six months ended 30^th June 2013. Group revenues were £26.0 million (US$40 million), like-for-like revenue was up 14% after adjusting for biennials and acquisitions. Adjusted profits before tax in the first half of 2013 was £3.9 million (US$5.9 million), doubled the £1.8 million (US$2.7 million) in 2012.

Tarsus’ management reported strong performance from emerging markets (China, Turkey and Dubai) – an increase of 13% in like-for-like revenue reaching £12.3 million (US$19 million). Adjusted profit before tax in emerging markets in the period was £3.3 million (US$5.0 million), up from 2012’s £1.5 million (US$2.3 million).

Douglas Emslie, group managing director, said, “We are focused on delivering our “Quickening the Pace” strategy and we have got off to a fast start. We continue to add value to our portfolio of market leading events by replicating these brands both domestically and internationally. The pace of brand replications has quickened during the period. We have good visibility for the full year, especially from our two largest events – the Dubai Airshow and Labelexpo Europe – and we are confident of a positive full year outcome.”

UBM adds new content to indoor environment quality show

News this week: The Shanghai International Indoor Environment Quality Show (IIEQ), an event co-organised by UBM Sinoexpo and Shanghai Indoor Contamination Control Industry Association, will expand its 2014 edition with four new sections. The show will run from 31^st March to 2^nd April 2014.

The four new sections at IIEQ include ventilation, filtration, dust cleaning and bamboo charcoal products. The event is co-located with China Clean Expo (CCE) at the Shanghai World Expo Exhibition Convention Center (SWEECC). IIEQ will showcase IEQ testing equipment and monitors, indoor environmental purification products and technologies, as well as promotional onsite activities and a conference programme.

Reed signs MoU agreement with CPIT Shanghai

News this week: Reed Exhibitions Greater China and the Council for the Promotion of International Trade Shanghai (CPIT Shanghai) announced the signing of a memorandum of understanding (MoU) to enhance the two parties’ relationship and to promote the overall exhibition market.

The MoU will see Reed and CPIT Shanghai put in place mechanisms to exchange industry-related information and investigate in long-term projects. CPIT Shanghai is a quasi-governmental foreign trade promotion organisation and a group member of CCPIT.

Mr. Wang Lie, vice chairman of CPIT Shanghai, commented, “CPIT Shanghai’s strength is in promoting trade, investment and cooperation, as well as in promoting mutual understanding and friendship between Shanghai and other parts of the world. I’m delighted that we’re taking this important step, and I look forward to working together to develop new ways for CPIT to extend its international reach with and through Reed.”

Singex invests in tyre expo organiser

News this week: Singex Exhibition Ventures (SEV), a subsidiary of the Singapore-based Singex Group, has concluded the investment in U.K.-based ECI International Ltd (ECI). ECI is now a wholly-owned subsidiary of Singex-ECI International. Financial details of the deal were not disclosed.

ECI is the organiser of the Tyrexpo series of exhibitions which includes Tyrexpo Asia and Tyrexpo India, as well as shows in South Africa and the U.K. Tyrexpo Asia is held every two years at the Singapore Expo. ECI’s founders, Paul Farrant and Rowena Suthers, will continue to stay with the company and help its expansion into new market segments.

Aloysius Arlando, CEO of SEV, was quoted saying, “I am delighted that we were able to successfully conclude our arrangements with ECI International Ltd. This was made possible because of our shared vision on the potential of the Tyrexpo series, which has a positive future with new growth possibilities in multiple markets and emerging regions.”

Friday, August 30, 2013

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Friday, August 16, 2013

Friday, August 09, 2013

Friday, August 02, 2013

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