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"Asia Business Media" - 5 new articles

  1. Alibaba Group restructures loans division
  2. dmg events opens new offices in India
  3. BOL revenue up, profit down in 2014
  4. Mega Expo’s interim revenue down 10%
  5. Informa’s exhibitions revenue up 25% in 2014
  6. Search Asia Business Media
  7. Prior Mailing Archive

Alibaba Group restructures loans division

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.

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


dmg events opens new offices in India

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.”

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

BOL revenue up, profit down in 2014

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.

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


Mega Expo’s interim revenue down 10%

News this week: Last week, trade show organiser Mega Expo Holdings Limitedannounced 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.

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

Informa’s exhibitions revenue up 25% in 2014

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 m2over 11 halls at Shanghai New International Expo Centre (SNIEC).

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



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