Click here to read this mailing online.

Your email updates, powered by FeedBlitz

 

 
Here is a sample subscription for you. Click here to start your FREE subscription


"Asia Business Media" - 5 new articles

  1. Alibaba.com partners Chinese banks on loan offers
  2. Reed forms new Indian JV
  3. Messe Frankfurt to launch lighting fair in Shanghai
  4. Global Sources to open China Sourcing Fairs in Indonesia
  5. HKECIA survey shows exhibiting companies up 3.7% in 2013
  6. More Recent Articles
  7. Search Asia Business Media
  8. Prior Mailing Archive

Alibaba.com partners Chinese banks on loan offers

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.

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.
    


Reed forms new Indian JV

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.”

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.
    

Messe Frankfurt to launch lighting fair in Shanghai

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.”

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.
    


Global Sources to open China Sourcing Fairs in Indonesia

News this week: NADSAQ-listed B2B media company, Global Sources, has expanded its China Sourcing Fairs to Indonesia. The inaugural show will run from 7thto 9th August 2014 at the Jakarta International Expo (JI Expo), and feature more than 350 booths with exhibitors originating from Greater China.

The company will launch three co-located China Sourcing Fairs covering: Electronics, Garments & Textiles, and Hardware & Building Materials. A co-located Korea Sourcing Fair will also be held concurrently featuring South Korean manufacturers and their products.

Spenser Au, CEO of Global Sources, said, “Economic ties between China and ASEAN, especially Indonesia, are getting closer and closer. Expanding the China Sourcing Fairs’ footprint to Indonesia will not only bring high quality consumer goods to fast-growing ASEAN markets, but also foster mutually beneficial cooperation between the two regions.”

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.
    

HKECIA survey shows exhibiting companies up 3.7% in 2013

News this week: Earlier this week, the Hong Kong Exhibition and Convention Industry Association (HKECIA) released the results of its 2013 annual exhibition survey. According to the survey, the total number of exhibiting companies during the year was 62,101, up 3.7% from 2012.

It was noted that exhibiting companies from all sectors recorded an increase, which included Hong Kong, Regional, International and mainland China. Notably, international exhibiting companies jumped 19%, while regional exhibiting companies grew by 5.5%. Net space occupied by exhibitors and stand rental revenues also increased year-on-year by 5.9% and 7.7%, respectively.

HKECIA’s newly elected chairman, Javed Khan, commented, “It is clear that Hong Kong remains an important destination for international and mainland businesses, which is why we are seeing a rise in exhibiting companies and visitors coming here.  The figures are also interesting in that they suggest a shift in global economic realities, as increasing numbers of international exhibiting companies are coming to Hong Kong for business opportunities.”

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.
    


More Recent Articles


Click here to safely unsubscribe from "Asia Business Media." Click here to view mailing archives, here to change your preferences, or here to subscribePrivacy