July 3，Hainan Tongsheng Shijia Duty Free Group Co., Ltd. (referred to as Tongsheng Duty Free), a subsidiary of Caesars 188bet mobile, signed a capital increase agreement with Shanghai Licheng Asset Management Co., Ltd. (referred to as Shanghai Licheng)，To further integrate resources，Achieve sustainable development，Accelerate the strategic process of promoting duty-free business in Hainan，Shanghai Licheng will invest 100 million yuan to increase its capital。After completion of this capital increase，Shanghai Licheng will occupy 20% of the shares of Tongsheng Duty Free。This is also the second time that Caesars 188bet mobile has received additional investment from Shanghai Licheng。

Tongsheng Duty Free is the duty free business management platform of Caesars 188bet mobile，Continuously promote the development of business in the tax-free field since its establishment，Jointly launched the “Tianjin International Cruise Home Port Entry Duty Free Shop” with China Overseas Personnel Service Co., Ltd.，Contributed capital to acquire 20% equity of Jiangsu Zhongfu Duty Free Products Co., Ltd.，Serving the Beijing Duty Free Shop Operating Company as a shareholder，Further establish a close cooperative relationship with the Chinese server。

After completion of this capital increase，It is expected to further strengthen the market competitiveness of Tongsheng Duty Free，With Shanghai Licheng and other capital as the link，Achieving diversified business development in the “new track” of duty-free，Incubation 188bet mobile + business。

Cheng Yiquan, founder of Shanghai Licheng, said: "Tongsheng Duty Free has successively deployed in the Hainan market，Lay a solid foundation for further expansion of duty-free business。Hope to take this as an opportunity，Both parties continue to deepen multi-dimensional cooperation in the tax-free field，Jointly promote the multi-channel integration of duty-free and 188bet mobile industries。”

Liu Jiangtao, executive chairman and CEO of Caesars Travel, said: “This capital increase is a further deepening of the implementation of the strategic cooperation framework agreement between the two parties，Conducive to promoting the company’s healthy operations and sustainable development。Hope both sides can join hands，Further strengthen the cooperative relationship，Achieve high-quality development in the 188bet mobile industry chain。”

*Source of this article: WeChat public account "188bet mobile World"(ID: PEdaily2012)，Author: quinn ，Original title: "Tongsheng Shijia 188bet mobile Group received 100 million yuan in strategic financing》.