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After Caesar,The duty-free industry has welcomed a “new player” in the 188bet online casino games industry。According to the latest announcement issued by Zhongxin Travel Group Co., Ltd. (hereinafter referred to as "Uxin"),The company signed the "Strategic Cooperation Framework Agreement between China Duty Free Group and Uoxin Travel" with China Duty Free Group,Both parties will carry out "188bet online casino games + shopping" business within and outside the common territory, especially in countries and regions along the "Belt and Road"。February 26,Beijing Business Daily reporter learned further from the Public Information Office,After the cooperation is reached,For overseas business,Uxin Travel will choose the location from the store、Passenger flow、Provide support for investment and operations in various aspects including categories。In other words,In the next step, both parties will target the 188bet online casino games market mainly in countries and regions along the “Belt and Road”,Co-invest in the development of tourist shopping stores,Fill the relevant supply gap in this area。To this point,Uxin officially enters the field of duty-free and shopping。However,Some experts also said,Outbound travel and duty-free shopping along the “One Belt and One Road” are not the areas in which Uxin and 188bet online casino games are the best at each,The cooperation between the two has created a new business in the nascent market,The future prospects remain to be further observed。
Entering new markets
China’s 188bet online casino games consumption plate focusing on duty-free shopping is rapidly expanding,More and more companies have set their sights on this tempting cake。According to the announcement of Zhongxin,The form of cooperation between the two parties includes resource diversion、Co-development、In-depth equity cooperation, etc.。Specifically,In overseas business,China Duty Free will use its own retail management capabilities、Brand cooperation resources,Uxin focuses more on store location selection、Passenger flow、Work on product categories, etc.;For the domestic section,Uxin will guide traffic to China Duty Free Shop,Targeted outbound transportation、Domestic group tourists and independent tourists。The relevant person in charge of Zhongxin also said,If necessary in the future,We do not rule out the possibility of introducing Utrust’s travel retail business into China Duty Free’s domestic duty-free stores,“This cooperation with 188bet online casino games is an important part of Uxin’s “travel + shopping” layout,Both parties jointly invest in duty-free shops、Travel shopping retail stores, etc.,Building a travel retail project。”
It’s worth noting,After the cooperation news was disclosed,Many people in the industry have developed a strong interest in the so-called "travel retail store" format。Beijing Business Daily reporter searched and found,For the “travel retail” that Uxin and China Duty Free have repeatedly mentioned in this cooperation,There were some differences in the previous definitions between the two parties。According to the financial report released by Uoxin,Travel retail in the company’s business segment,Mainly refers to the provision of travel services directly to end consumers,That is, the business format of offline travel agency stores。In comparison,Displayed on China Duty Free Official Website,The company’s travel retail covers airport business、Retailing of Chinese specialty products、High-speed rail business、Four parts of licensed merchandise retail,The main mode is to conduct commodity retail business offline。Therefore,After the two companies cooperate in the future,What kind of business the so-called travel retail stores will involve has become one of the core issues of concern to the domestic 188bet online casino games industry。To this,The relevant person in charge of Zhongxin responded to reporters,The 188bet online casino games retail stores jointly invested and operated by both parties in the future will focus more on product sales,Belongs to the category of tourist shopping stores。
Filling the “Belt and Road” tax-188bet online casino games gap
“Actually,In this cooperation plan,The 188bet online casino games and shopping business of countries and regions along the ‘Belt and Road’ has been ‘focused’,It is indeed a plan worthy of attention。" said Wu Liyun, associate professor of the Chinese Culture and 188bet online casino games Industry Research Institute of Beijing International Studies University,In recent years,China Duty Free has made some expansion in overseas duty-free business,For example, several duty-free shops have been built in Cambodia,But looking at the categories of products sold as a whole、The quantities are relatively small,The main source of customers are also group tourists traveling by bus,Countries and regions along the “Belt and Road”,Maybe it will become the entry point for China Duty Free Corporation to develop the next territory of overseas duty free,Judging from the information currently disclosed by Zhongxin,In the future, the travel retail stores established overseas by the two companies should mainly target Chinese outbound tourists。
Statistics are displayed,In recent years,The international 188bet online casino games scale of countries and regions along the “Belt and Road” accounts for about 70% of global 188bet online casino games。2018,Deputy Director of the National Development and Reform Commission、Ning Jizhe, Director of the National Bureau of Statistics, once predicted,By 2020,The number of two-way tourists between China and countries along the route will exceed 85 million,188bet online casino games consumption will reach approximately 110 billion US dollars。Early this year,The "2020 Spring Festival Overseas Driving Travel Guide" jointly issued by the Road Traffic Safety Research Center of the Ministry of Public Security and the overseas car rental platform Car Rental also pointed out,Serbia、Belgium、Georgia and other countries and regions along the “Belt and Road”,It is also gradually becoming a new hot spot for Chinese tourists to travel by car during holidays。
Senior 188bet online casino games expert Wang Xingbin analyzed it,Currently, many countries and regions along the “Belt and Road” have become emerging destinations for Chinese outbound 188bet online casino games,Some products have also become “Internet celebrities”、"Hot item",But due to insufficient local tax-free supply,The 188bet online casino games consumption demand of Chinese tourists has not yet been fully released,The cooperation between Uxin and China Duty Free seems to be an attempt to expand their business territory。
Difficult journey to new market
188bet online casino games that seems to come naturally,Can the effect of 1+1 be greater than 2?The ending may not be clear yet。
As understood,After signing the cooperation agreement between 188bet online casino games and Utrust,Many experts said they “can’t understand”,Especially for 188bet online casino games Company to bypass other domestic companies with large outbound travel business,How to choose to cooperate with Zhongxin,They all said,Need to view and anticipate with caution。
Some experts believe,Uxin’s outbound 188bet online casino games performance has frequently been weak in recent years,In the first half of last year, outbound 188bet online casino games business revenue also showed negative year-on-year growth,There is still a big gap between China Duty Free Corporation’s overseas business and domestic business,Facing an increasingly competitive supply war,Can Future Us+China Duty Free seize the opportunity for overseas 188bet online casino games consumption,Still to be further observed。According to Zhongxin’s 2019 semi-annual report,The company’s outbound 188bet online casino games business revenue for the current period is 51.7.4 billion yuan,Decreased by 3 year-on-year.1%。According to the information disclosed by China Duty Free Official Website,Currently, the group’s overseas business mainly covers Hong Kong、Australia、Taiwan、Cambodia and some cruise ships, etc.,Japan and South Korea, where duty-free shopping is concentrated、Europe and the United States have not yet set foot in it。
“Currently, Uxin receives about 2 million outbound tourists every year,Compared to other domestic 188bet online casino games companies,Not in the absolute top position,Those niches in the countries and regions along the “Belt and Road”、The business of popular destinations is not particularly focused。Therefore,This cooperation is for Zhongxin,Almost a project to develop ‘virgin land’。"Wu Liyun said。Wang Xingbin also thinks that,Meanwhile,Although China Duty Free has a duty-free license,ButIn overseas markets,188bet online casino games is only in the initial stage of development,Avoid popular tourist destinations and focus on countries and regions along the “Belt and Road”,The key depends on whether Uxin’s related supporting products and customer sources can keep up。Some people familiar with the matter told Beijing Business Daily reporter,Last two years,It is not just Uson and 188bet online casino games that are eyeing the outbound duty-free shopping market for Chinese tourists,Although many companies have related plans, they are too difficult, etc.,No clear progress was made in the end,It can be seen that the difficulties facing Zhongxin and China Free Shipping at this stage cannot be underestimated。
*Source of this article: Beijing 188bet online casino games Daily,Author: Jiang Mengwei, original title:《Aiming to seize the “One Belt, One Road” duty-free market, is 188bet online casino games + Usin’s operation stable?》.
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