Shanghai Took USD18 Billion From Fairs Last Year, Slates Two Expos This Year

Shanghai Took USD18 Billion From Fairs Last Year, Slates Two Expos This Year

Miu Qi

Date: Wed, 04/11/2018 - 20:25 / source:Yicai
Shanghai Took USD18 Billion From Fairs Last Year, Slates Two Expos This Year
Shanghai Took USD18 Billion From Fairs Last Year, Slates Two Expos This Year

(Yicai Global) April 11 -- Shanghai’s exhibition-related revenue topped CNY120 billion last year, said Shang Yuying, director of the city’s commerce bureau.

China contributed over half of the overall area of business-to-business exhibitions in Asia, in which Shanghai led both in China and the world per number of exhibitions and exhibition area, a survey by the Union of International Fairs (UFI) shows.

Shang explained the efforts to build Shanghai into an international exhibition city, as well as preparations to hold the sixth China (Shanghai) International Technology Fair this month and the first China International Import Expo in November at a Shanghai municipal government press briefing yesterday.

The China (Shanghai) International Technology Fair will set up a dedicated area for artificial intelligence and intelligent service robots covering an area of 7,500 square meters, during which Alibaba Group Holding Ltd., Baidu Inc., Tencent Holdings Ltd. and iFlytek Co. and innovative AI companies such as SZ DJI Technology Co., Siasun Robot & Automation Co., Shanghai Xiaoi Robot Technology Co., and Tencent YouTu Lab, an image technology team of Tencent Holdings Ltd., will all showcase their latest technologies, Shang stated.

The 13th Five-Year Plan for the Construction of Shanghai International Trade Center proposed that Shanghai aims to become an international exhibition city by 2020, with annual exhibition areas expected to reach 20 million square meters. Shanghai will hold 50 exhibitions each year with an area of over 100,000 square meters. At least 35 exposition agencies in Shanghai will sign up for UFI, where the area of international exhibitions will make up 80 percent of the total.

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Keywords: Exhibition economy, Shanghai