188bet sports betting app download Development Co., Ltd. (referred to as "188bet sports betting app download") recently issued an announcement，Proposed to establish 188bet sports betting app download Live Entertainment Investment Fund，Target to raise 1 billion yuan，Used to expand online business。

However, Huang Hongming, executive vice president of Songcheng Group, also said，The company focuses more 188bet sports betting app download and acquisition plans offline，10 188bet sports betting app download projects will be launched within two to three years。

Huang Hongming said，The investment fund established this time is mainly used to enrich and improve the online performance business of Six Rooms，To improve the 188bet sports betting app download O2O entertainment ecosystem。

March this year，188bet sports betting app download with 26.0.2 billion acquisition of Internet performing arts platform Six Rooms，Its main products and services are Internet performing arts platform operations。According to iResearch iUserTracker data，Liujianfang is currently the largest Internet performing arts platform website in China。

There are already a number of projects running，Considering that the fund operation center and six rooms are both in Beijing，Industry resources and information strategy synergy for more，Projects are mostly concentrated in Beijing。The reason why we consider setting up an 188bet sports betting app download fund for online expansion，Mainly considering the convenience of incubation and cultivation projects。

Other information，The first phase of 188bet sports betting app download Live Entertainment Investment Fund 100 million yuan is funded by 188bet sports betting app download and Songcheng Qixian Investment Management Co., Ltd.，The latter is jointly established by 188bet sports betting app download and Qixian Equity Investment Management Co., Ltd., a subsidiary of Songcheng Group，Both parties subscribed capital contributions of 1 million yuan and 99 million yuan respectively。

In terms of online expansion，At present, six rooms are of great significance to Songcheng’s performing arts。The company’s main future efforts will still focus on offline activities。He also revealed，188bet sports betting app download is currently planning a series of offline investment acquisitions，Focus on first-tier cities、Tourist destinations, provincial capitals and overseas markets，10 projects will be launched in the next 2-3 years。

"In addition to the announced Fuzhou Silk Road Eternal Love Project，Taishan’s eternal love is about to begin，Projects in Yangshuo and Xi’an are under negotiation。Overseas markets，Singapore and Macau are also expanding。”Also，Huang Hongming revealed，At present, the company will also take action overseas，We are negotiating the acquisition of a European theater management 188bet sports betting app download with more than 40 theaters。

actually，188bet sports betting app download has been intensively carrying out investment and acquisition layout since the end of last year，Reached strategic cooperation with Beijing Performing Arts Group in December last year，Establish a wholly-owned subsidiary in Hong Kong，Acquired six rooms in March this year，Investment in Jiuzhaigou Rongzhongerjia Cultural Communication Co., Ltd. in April、Invest in Fuzhou Silk Road Eternal Love, etc.，The pace of its capital operations is gradually accelerating。