Hangzhou, May 14, 2007 - The Alibaba Group, a global e-commerce leader and the largest e-commerce company in China, today announced that it has appointed Andrew Tsuei as a non-executive director to the boards of directors of Alibaba.com, the group's B2B division, and Taobao.com, the group's C2C division. Mr. Tsuei was formerly Senior Vice President of Wal-Mart Stores Inc., and Managing Director of Wal-Mart Global Procurement.
Jack Ma, Alibaba Group CEO, said, "Andrew is a leading figure in the global retail and sourcing industry and we are delighted that he's joining our team. His broad experience and knowledge will help Alibaba.com and Taobao.com to better serve millions of Chinese and international customers and to play an ever-more important role in the world of global trade."
Mr. Tsuei has 20 years of management experience in the retail industry. He joined Wal-Mart in 2001, where he helped build the Global Procurement division from the ground up and brought Wal-Mart's global sourcing function in-house. Under his leadership, Wal-Mart's Global Procurement division grew to operate 27 sourcing offices around the world and engaged in sourcing activities in more than 70 countries.
Mr. Tsuei is a Taiwan-born Chinese American. Before Wal-Mart, he served as Chief Operating Officer of the Hong Kong-listed company China Everbright Holdings Limited.
Source: http://news.alibaba.com/
New partnership model lets trade show organizers leverage Alibaba.com's online community of buyers and sellers
Hong Kong, 21 February 2006 - Alibaba.com announced today a groundbreaking new program that allows trade show organizers to increase attendance and extend the reach of their events by tapping the resources of one of the largest B2B marketplaces on the Internet.
The launch of the Alibaba.com Trade Show Partnership Program marks an industry turning point where, instead of regarding each other as competitors, trade show organizers and online marketplaces work together to grow both their businesses.
In its first phase, the program will allow trade show organizers to promote their shows to a highly targeted base of Alibaba.com members in relevant industries through direct mail, promotions and Alibaba.com's Trade Show Channel.
"The long-term vision is to work with trade show organizers to transform their shows from one-week events into 365-day exhibitions," said Porter Erisman, Alibaba.com's Vice President for International Marketing and Business Development.
"In the last five years, it's become clear that trade show organizers and online marketplace operators do best when they focus on their core businesses, rather than trying to compete," Erisman said. "The next five years will show that partnerships between the two will be the most powerful way to serve buyers and suppliers. Alibaba.com plans to lead this trend."
Alibaba.com successfully tested the new initiative in a pilot program with the Kenfair Mega Show in Hong Kong in October 2005.
Herbert Ip, Chairman of Kenfair International (Holdings) Limited, said: "Teaming up with Alibaba.com helped us to attract a large number of qualified visitors to our 2005 MegaShow. The partnership demonstrated that combining resources was a powerful way to help both partners grow their businesses. Alibaba.com is the clear leader in its field and proved to be a terrific choice as our online partner."
Industry analysts agree that with increased competition in Asia's trade show sector, trade show organizers who adopt innovative media strategies will have an edge over the competition. Paul Woodward, Business Strategies Group (BSG) founder and a veteran of business development in Asia with over 20 years experience in the region, said: "The Chinese exhibitions industry has been growing at over 20% a year for the past five to 10 years. It is increasingly important for trade show organizers to distinguish the quality of their events with much more sophisticated communications programs and doing so with the right media partner."
The Alibaba.com Trade Show Partnership Program was officially announced at the UFI Open Asia/Pacific Seminar 2006 held in Hong Kong.
Source: http://news.alibaba.com/
Amelia Island, Fla.—The results of the “2009 American Business Media Financial Survey” indicate that b-to-b media companies have adjusted to the slow erosion of print advertising revenue by boosting ancillary revenue streams, such as online, events and data.
The survey, which was officially presented Sunday at the ABM Annual Conference in Amelia Island, was prepared by media investment bank Jordan, Edmiston Group. It included responses from 20 b-to-b media companies, which detailed their financial performance from print, online, events and data between 2006 and 2008.
The survey data from the fourth quarter, which seemed to anticipate the steep print advertising page declines so far this year, give ammunition to the argument that nonprint revenue streams may not be so ancillary anymore. But even with print’s current struggles, the “ABM Financial Survey” showed that magazines still produce the bulk of overall revenue for b-to-b media companies.
In 2008, print accounted for a combined 62.4% of the overall revenue of the 20 companies surveyed, although that share of overall revenue declined 8.4% between 2007 and 2008. The four other largest revenue streams all increased their share of overall revenue last year. Online was the second-largest revenue generator at 19.6%, a share that increased 15.1% between 2007 and 2008. Trade shows (9.7% revenue share), conferences (3.9%) and data (2.3%) also showed increases.
The survey’s figures from the fourth quarter of 2008 show a marked increase in print’s softness, especially in comparison with other revenue streams. Display advertising plunged 16.7% compared with the fourth quarter of 2007. In the same time frame, online revenue continued to grow, jumping 28.3%.
Online lead-generation revenue increased a remarkable 388.1% to $2 million, albeit from a small base of less than $500,000. Conference revenue more than doubled to $22 million, while trade show revenue fell to $24 million, a drop of 18.5%.
Source: http://www.btobonline.com/
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