Benefit news，September 14-15, 2017，The Third China Camp 188bet Online Sports Betting and Casino Conference hosted by the China Camp 188bet Online Sports Betting and Casino Alliance,CCEA)】held in Beidaihe, Qinhuangdao，This conference gathered capital、Real Estate、Travel、Thousands of people from the media and others who are dedicated to camp 188bet Online Sports Betting and Casino attended。

In the parallel workshop of [Entrepreneurship and Capital] on the afternoon of the 14th，Founding Partner of Geometry Investment、Former Vice President of Jiuding Investment、Managing Director、Qian Pengfei, head of the investment system, shared "188bet Online Sports Betting and Casino Investment and Financing Opportunities and Strategies"，In December 2016, Geometry Capital participated in the Pre-A round of investment in Qingqing Tribe, which was split and developed independently by Century Mingde，After sharing the topic, Zhihui interviewed Qian Pengfei。

Invest in the 188bet Online Sports Betting and Casino upgrade industry and be optimistic about the camp 188bet Online Sports Betting and Casino market space

Qian Pengfei said，Geometry Investment’s main educational investment directions focus on three aspects: modern vocational 188bet Online Sports Betting and Casino、Technology changes 188bet Online Sports Betting and Casino、188bet Online Sports Betting and Casino Upgrade。From the perspective of tourism 188bet Online Sports Betting and Casino，The first two categories belong to the pure 188bet Online Sports Betting and Casino industry，188bet Online Sports Betting and Casino upgrade is a cross-border part under “188bet Online Sports Betting and Casino +”，The proportion of services in this part of products is higher than the first two categories，This also gives it unique characteristics。Qian Pengfei pointed out，From a capital perspective，The camp 188bet Online Sports Betting and Casino industry is an industry with diseconomies of scale，Has the characteristics of low concentration，Therefore, there will not be a situation where one company dominates the world，But to a certain extent, it reaches a larger scale。Chairman of China Camp 188bet Online Sports Betting and Casino Alliance，Chairman of Century Mingde、Wang Xuehui, founder of Qingqing Tribe, thinks the same，The camp 188bet Online Sports Betting and Casino market will present a spindle-shaped market pattern with two large ends and a small one in the middle in the future，Giants and small but beautiful companies occupy both ends。

Qian Pengfei’s expression on Zhihui，Although the camp 188bet Online Sports Betting and Casino industry has the characteristics of diseconomies of scale，But the market is huge，It is also difficult for a company with economies of scale to achieve 30% or 50% market penetration，But the camp 188bet Online Sports Betting and Casino industry market is huge，And the demand is direct，There is a lot of space and content that can be explored in the entire industry，So although there are no economies of scale，But as long as there is a certain percentage of penetration，So for enterprises, the scale will actually be very large，Therefore, geometric investment attaches equal importance to the three parts。

Qian Pengfei believes that industries with stronger educational attributes are more likely to establish barriers，It is actually difficult to establish service barriers。

Pay more attention to investment over operating model

For the camp 188bet Online Sports Betting and Casino industry chain from camps to courses to teachers to customer acquisition，Qian Pengfei thinks，An 188bet Online Sports Betting and Casino camp itself has a reception capacity ceiling，And the reception time limit is strong，It is difficult to operate a camp profitably。Wang Xuehui expressed his views on the development status of the camp 188bet Online Sports Betting and Casino industry，At present, very few companies that focus on operating models are profitable，Almost none，But the Qingqing tribe will also make their own camp，Because we need to do more experiments and development，After the operation and management capabilities mature，Can carry out custody operations in light asset mode。

Qian Pengfei’s expression on Zhihui，Geometry Capital is more inclined to invest in companies with light operating models，But it will not be completely limited to light operations，The Qingqing tribe makes its own 188bet Online Sports Betting and Casino to explore and try，This is no problem，Not dead，But for geometric investment，I still hope that the investment will have stronger growth potential、Copy faster、Enterprises that can achieve larger-scale development in the next 10 years or so。

*The author of this article: Wang Hui, an analyst at Zhihui.