Changes in local market dynamics

Money20/20 China postponed

Gwen Kaufmann - Monday, November 25, 2019    

Money20/20 China postponed
Photo: Unsplash

Money20/20 China, originally scheduled to take place from December 4 to 6, 2019, has been deferred and will not take place this year. The decision to defer Money20/20 China has been taken in light of a short-term hiatus for international companies in the Chinese Fintech market, arising from a combination of macro-economic trends and changes in local market dynamics including significant changes in the peer-to-peer lending sector (an important revenue source in 2018). Organiser Ascential stated that the previous edition of Money20/20 China in 2018 had generated £2.5m of revenue and in 2019 the one-off costs relating to Money20/20 China were not expected to impact adjusted EBITDA by more than £1.5m. The management intends to return the event to Hangzhou in China in due course when market conditions are conducive to a high-quality event that befits its importance.

SHARE THIS ARTICLE

Related Articles

New trade show for meat and food processing in Thailand

Together with its partner VNU Asia Pacific, Messe Frankfurt is launching a new trade show for the food industry, Meat Pro Asia.

Read more
Preventive Healthcare Expo takes place in Hyderabad

PHIC Expo, India's first hybrid exhibition and conference dedicated to innovation, solutions and best practices in infection control and decontamination will take place on September 11 and 12, 2020 in Hyderabad.

Read more
Messe Frankfurt aims to reach 2019 sales levels again by 2023

Messe Frankfurt is expanding its core areas of expertise at its home base and worldwide.

Read more

Most read articles

Preparations for the reopening

Several US venues are participating in the GBAC STAR facility accreditation programme.

Read more
Conquering 2020

Even though Messe Düsseldorf had to postpone ten en leading international trade fairs, the company sees itself well prepared for the coming years.

Read more
Heading Down Under

The UFI Asia-Pacific Conference in 2021 will be held at the Melbourne Convention & Exhibition Centre (MCEC).

Read more

Categories and Tags

Markets | Money20/20 | China | Asia