“We don’t have this business yet (air tickets)，But I am sure I will do it in the future，The biggest problem is how to do it differently。” 188bet sports betting app download co-founder、Chief Strategy Officer and China Chairman Nathan Blecharczyk said in an exclusive interview with Caijing。

The long-delayed 188bet sports betting app download (Chinese name: 188bet sports betting app download) travel business is finally seeing the possibility of accelerating。February 8, 2019 Beijing time，188bet sports betting app download announces the appointment of Fred Reid as head of global transportation business。This means，This company is valued at US billion、The international shared short-term rental giant that is sprinting towards IPO will increase its efforts in travel，And their ambitions are not limited to the air ticket booking business。

Speculations about 188bet sports betting app download’s internal incubation of flight booking business have been going on for more than two years，But 188bet sports betting app download has never launched this business。Co-founder of 188bet sports betting app download、Chief Strategy Officer and China Chairman Nathan Blecharczyk said in an exclusive interview with Caijing on March 29, 2018: “We don’t have this business yet，But I am sure I will do it in the future，The biggest problem is how to do it differently。”

The person in charge of the transportation sector is appointed this time，Meaning that 188bet sports betting app download’s travel business will most likely accelerate。As can be seen from the press release issued by 188bet sports betting app download，His travel ambition is not only the air ticket business but even the aviation business，Also includes ground transportation。

188bet sports betting app download co-founder and CEO Brian Chesky said in a press release announcing his appointment: "I am not interested in building 188bet sports betting app download's own airline or simply creating a platform on the Internet where you can buy air tickets.。”

Although the new transportation chief Fred Reid’s past experience is concentrated in the aviation industry - he served as the president of the innovative product "Cora Unmanned Flying Taxi" project of the Eagle Company、President of Freijer Company、Founding CEO of Virgin America、President of Delta Airlines、President and Chief Operating Officer of Lufthansa, etc. - but his statement in the press release also stated，188bet sports betting app download’s transportation segment will include air and ground transportation。

Fred Reid said 188bet sports betting app download press release: "Whether it is in aviation or ground transportation，We all have ample opportunities to create new products and establish partnerships with other companies。”

188bet sports betting app download has not disclosed its specific plans to expand the travel segment。But judging from the precedents of China’s Internet，It is unlikely to directly enter the travel market and compete head-on with the existing oligarchs，More likely to enter some niche vertical markets。

Chinese online travel service company Ctrip (CTRP) except air tickets、Except for train ticket booking and other services，Also extends its tentacles to airport limousine、Airport car rental field，Trying to get a share of the market where Didi Chuxing is the main Internet travel platform。Airport transfers are a sector with relatively high profit margins in 188bet sports betting app download。

Nathan said in an exclusive interview with Caijing: “We must play to our strengths，This market (taxi-hailing market) is definitely not our strong point，And the competition is too fierce。”188bet sports betting app download’s expansion boundary is，Services around the services people need while traveling。

Different from the short-term and large-scale aggressive expansion model of Chinese Internet companies，188bet sports betting app download has always been cautious about diversification。Past two years，It has expanded to online travel、Catering、Boutique hotels and other fields。

Nathan told the reporter of Caijing，Chinese Internet companies can expand massively and open new businesses in a short period of time，The speed is amazing，188bet sports betting app download is of course also the trend of Chinese enterprises，They entered many different businesses in parallel，188bet sports betting app download is different from Western companies。I think 188bet sports betting app download is interesting，These companies spend a lot of money to gain market share。It is inevitable，They ultimately need to ensure the sustainability of their business model，But in the short term，It’s all about speed。Meituan-Dianping is a very typical example-it has developed extremely rapidly、Spend a lot of money，I believe it takes a lot of pressure to do 188bet sports betting app download in a short time。

Nathan said they would not take 188bet sports betting app download approach: "Our success does not depend on speed，Nor relying on billions of dollars in market investment。”

Gu Yi, founder of Hemi Capital, which focuses on early technology investment in Silicon Valley, told Caijing，American business society has a longer history，Experienced several economic depressions，Especially from the bursting of the Internet bubble in 2001 to the financial crisis in 2008，188bet sports betting app download has caused the American business society to experience a process from verticality to diversification and then to shrinking verticality。China’s technology industry has not experienced a major recession yet，Everyone is more optimistic about diversity，But if there is an economic recession in the future, everyone will be more willing to focus on the core business。In the future, China and the United States will reach the same destination through different paths。

Facing the decline in growth、IPO plan is approaching，188bet sports betting app download’s diversification actions have become relatively frequent。January 16, 2019，The company announced，Excluding certain fees，188bet sports betting app download has been profitable for the second consecutive year，188bet sports betting app download is currently preparing for an IPO。They also appointed a Chief Financial Officer in January 2019 for this purpose。

Except for the travel section，It also launched 188bet sports betting app download for Work in September 2018，And acquired conference space rental company Gaest in January 2019.com，Gaest will be included in 188bet sports betting app download for Work。

A founder of a domestic online travel platform thinks，Any business that can increase the frequency of usage is what 188bet sports betting app download needs，Increasing frequency is a fundamental need and not a technical move to go public。

However，It is not easy for 188bet sports betting app download to develop the travel market。The battlefield ahead is fiercely fought，Can 188bet sports betting app download use travel and other business expansion to achieve capital’s growth expectations，Still unknown。

*Source of 188bet sports betting app download article: "Finance", authorAuthor: Zhang Jun，OriginalTitle:《IPO is coming，188bet sports betting app download is expected to accelerate its entry into the travel sector，But the fighting ahead is fierce》.