National Day Golden Week，188bet mobile login duty-free market’s popularity continues with “average daily sales of 100 million”。

According to Haikou Customs statistics，October 1-5，Haikou Customs supervises a total of 5 tax-free shopping amounts on outlying islands in 188bet mobile login300 million yuan、Passenger 8.20,000 people、Number of items: 540,000 items，A year-on-year increase of 136 respectively.9%、34.8% and 86.2%。

And the earlier period from July 1st to September 30th，The amount of duty-free shopping on 188bet mobile login Islands reaches 86.100 million yuan，227 year-on-year increase.5%；1.29 million shoppers，62% year-on-year growth。

188bet mobile login market has become a post-inspection and epidemic tourism consumption，Even an important area of ​​the new internal circulation pattern。Many policies、The new market pattern and other factors are superimposed，188bet mobile login Duty Free Market and even China Duty Free Market，We are all facing a long period of new market context，And the big players are also accumulating，For example, Fosun Travel、Alibaba, etc.。

Recent，Fosun Tourism announces cooperation with 188bet mobile login Development Holdings Co., Ltd. (an important state-owned enterprise in 188bet mobile login Province)，Travel retail is one of the key points；Alibaba cooperates with Dufry, the world’s largest duty-free group，Digitalization has become a key cooperation point and entry point。

Extended view，China’s duty-free market will have two direct changes: 188bet mobile login market、Digitalization of travel retail。Many giants，How to do this？How will the market changes happen？

Fosun Tourism and 188bet mobile login State-owned Enterprises “join forces”

September 29，Fosun Tourism announced the signing of a strategic cooperation framework agreement with 188bet mobile login Development Holdings Co., Ltd. (hereinafter referred to as "188bet mobile login Holdings")，Both parties will be in travel retail、Passenger flow at home and abroad imports into 188bet mobile login、Deepen cooperation in the development and operation of high-quality tourism and commercial projects。

Travel retail is a prominent presence。As a substantial promotion measure for this cooperation，Same day，Global Boutique (Haikou) Duty Free City Co., Ltd., a wholly-owned subsidiary of 188bet mobile login Holdings, also signed an agreement with Fosun Tourism。

As early as August 19th，Global Consumer Boutique (188bet mobile login) Trading Co., Ltd., the parent company of Global Boutique (Haikou) Duty Free City Co., Ltd., was announced to have obtained the duty-free license，One of the two state-owned enterprises in 188bet mobile login Province that has been approved for duty-free operation in offshore islands。

188bet mobile login Holdings has a certain background。Public information display，188bet mobile login Holdings was established in February 2005，It is the 188bet mobile login Provincial Government’s order to introduce major projects，Driving capital investment from outside the province into 188bet mobile login，Promote the implementation of major projects in the province，A comprehensive investment holding company established to promote 188bet mobile login’s economic development，It is a wholly state-owned company。

If it corresponds to the relevant information at Fosun 188bet mobile login’s first half of 2020 results conference，It is not difficult to see Fosun 188bet mobile login’s consideration of “entering” into the tax-free field。

At the performance conference on August 26，Fosun 188bet mobile login Chairman Qian Jiannong revealed，The company is establishing a new travel retail division，And established the Lifestyle 2030 Laboratory，Hope to be based on existing destination resort scene，Provide some value-added travel retail services for consumers，Insert more products related to future vacation lifestyle，Promote vacation and lifestyle-related products simultaneously online and offline。

This roughly includes:

1、Make certain adjustments to the existing 4,000 square meters of shopping street in Atlantis Sanya，Introducing more products related to lifestyle and scenario-based 188bet mobile login，Use the Thomas Cook platform to achieve simultaneous online purchases；

2、Based on the hotel’s current high-end customer resources，30,000 square meters of space previously reserved for the first phase of Atlantis Sanya，Planning and design has started，188bet mobile login shopping mall to be built next year；

3、Planning and building a large-scale shopping and 188bet mobile login center in Sanya Fuyou City, which is about to be put into planning and construction；

4、Based on existing business，Seeking cooperation with other 188bet mobile login companies，Involved in more 188bet mobile login business related to leisure and vacation。

Cooperation between Fosun Tourism and 188bet mobile login Holdings in the tax-free field，will likely become the direct carrier for the implementation of the above four plans，For example, opening a duty-free shop in a shopping street or retail mall。At the same time，Fosun Tourism’s existing high-end hotels、Resort or tourist destination business will form synergy with duty-free business，For example, the possibility of mutual conversion of passenger flows，And at least bring more reinforcement possibilities in the "purchase" link of the long chain of tourism consumption。

188bet mobile login Holdings is one of the two "hands-on" local state-owned enterprises for 188bet mobile login Rio Tinto's duty-free business，Of course, he also has a heavy responsibility。

In short，The breakthrough development in the tax-free field is of great significance to 188bet mobile login，It drives regional consumption、Promote destination recovery，Become a starting point for the construction of an international tourism consumption center，Even in the future international duty-free market, "encircle" more market share, etc.，It also plays a big role，Especially the "window period" for the return of consumption brought about by the epidemic，Don’t miss it；One of the breakthroughs in the duty-free market must be the activity of the market、Sufficient competition and sufficient vitality，This naturally requires the diversity of market competition entities (the resource scarcity of tax-free licenses makes tax-free enterprise entities basically state-owned enterprises，This is another topic)，Full competition and let’s expand the “market” together，It couldn’t be better。What behind this is the increase in the supply of duty-free goods、System upgrade，The price advantage is more obvious，That is, more duty-free goods、Better price，It’s two keys。

So，We must break the market monopoly (more specifically, China Duty Free’s monopoly in the 188bet mobile login duty-free market)。After all, the capacity ceiling of market monopolies、"Inertia" under monopoly, etc.，The city’s supply of duty-free goods、Price advantage and other constraints bring。

So earlier 188bet mobile login Provincial Department of Finance、Commerce Department、Market Supervision Bureau and other departments issued an announcement，188bet mobile login will operate according to the brand、Variety、Principles of price and international synchronization，Use bidding and other market-based competition methods to select and determine the newly added duty-free shopping business entities in 188bet mobile login Islands。The purpose of this is more direct，That is, adding new tax-free business entities，Weaken the current market "oligopoly" monopoly situation，Increase market competition and activity，Strengthen supply，Better meet consumers’ tax-free shopping needs。

Public information display，There are currently 4 duty-free shops on outlying islands in 188bet mobile login: Haikou Meilan Airport Duty-free Shop、Haikou Sun Moon Plaza Duty Free Shop、Qionghai Boao Duty Free Shop、Sanya Haitang Bay Duty Free Shop，All are operated by China Duty Free Group (a wholly-owned subsidiary of China Duty Free Group)。

As a 188bet mobile login state-owned enterprise，188bet mobile login Holdings will inevitably have some policies in the tax-free field、Resources and other support，But it is natural logic to expand the market and rely on external cooperation，For example, the scene space expansion of duty-free shops is implemented，Expansion and transformation of commodity consumption customer flow, etc.，Fosun Tourism becomes a cooperation option。

Alibaba’s “Plan”

Seeking to build a more market-oriented structure、In the new pattern of international duty-free market，188bet mobile login is also trying to have more cooperation with international companies，In order to bring in more international resources、Passenger flow、Business system, etc.。

Public information display，As early as the first day after the 188bet mobile login Free Trade Port plan was released (June 1)，188bet mobile login executives have a video connection with Dufry, the world’s largest duty-free group，Promote practical cooperation in related fields。188bet mobile login high-level hopes，Dufrey Group gives full play to its advantages，Make good use of the offshore tax exemption policy，Vigorously develop boutique duty-free shops and business network，Promote 188bet mobile login’s duty-free products and brands in the international market、Variety、“Three synchronizations” in price，Meet people’s consumption needs。

Dufrey Group’s sales in 2019 were 88.CHF 500 million，Approximately 65.7 billion yuan，is China Duty Free Revenue 1.37 times。But it currently faces two more prominent problems，First, there is still much room for improvement in 188bet mobile login penetration and share in the Asia-Pacific 188bet mobile login，its business distribution in the first half of 2020，Asia Pacific and the Middle East account for 15% of its total revenue，Europe and Africa are its largest markets，Accounting for 36%。There is public data mentioned，The Asia-Pacific 188bet mobile login is becoming the most important growth point in the global duty-free 188bet mobile login，Look at two sets of numbers: 2000 to 2018，The 188bet mobile login size of the global duty-free industry has increased from US billion to US billion；2000，The Asia-Pacific region’s duty-free sales account for 12% of the global share，Growth to 49% in 2018。

The second is the huge impact of the epidemic，Dufrey Group’s turnover dropped sharply，Income 188bet mobile login first half of this year fell 62% year-on-year。Dufrey Group’s channels include: airports、Train Station、Port and city center and hotel shops、Cruise ships and port terminals, etc.。

Based on these two problem dimensions，Let’s briefly analyze the cooperation between Alibaba and Dufresne 188bet mobile login。

One，The duty-free industry in the Asia-Pacific market has huge opportunities，And it will be further expanded，For example, the promotion of 188bet mobile login market，It means that the Chinese market, especially the 188bet mobile login market, will be an area that Dufresne Group cannot avoid to expand its Asia-Pacific market share，The "olive branch" extended by 188bet mobile login may open a breakthrough for it。To further expand in the Chinese market，It’s best to find a strong partner。

According to public information，Alibaba will form a Chinese joint venture with Dufresne Group，Developing China’s travel retail business，At the same time, Alibaba will also strategically invest 188bet mobile login group。Dufrey Group may issue an additional 25 million shares，Estimated financing scale reaches CHF 700 million，Alibaba promises to subscribe for up to 9% of the enlarged share capital of Dufresne Group.9%。

According to the joint venture agreement between Alibaba and Dufresne 188bet mobile login，For the joint venture established by both parties (Alibaba and Dufresne 188bet mobile login hold 51% and 49% of the shares respectively)，Alibaba will provide network and digital capabilities in China，The Dufresne 188bet mobile login will inject its current travel retail business in China into the joint venture，And provide support to the joint venture through its supply chain and operational capabilities。

If you press "People、goods、A rough look at the logic of "field"，Dufrey Group provides "goods"，Alibaba provides “people” and “field” based on digital technology and platform，Including possible reconstruction of "person、goods、field”。For example, Alibaba has gathered a large number of consumer groups、Constructed online and offline consumption scenarios and even ecology，Possibility to connect with Dufresne Group’s 188bet mobile login products。

Part 2，The epidemic has brought a huge impact or heavy damage to the business，It also shows the disadvantages of Dufresne Group’s reliance on offline channels，Whether active or passive，The online trend in the retail industry is accelerating。Within a certain period of time，There is a high probability that Dufresne Group’s duty-free business development in the Chinese 188bet mobile login will not be at the airport、Form of opening duty-free shops at port terminals or in the city，Online development meeting is an important consideration。Extension theory，Online、Diversification of sales channels，Increase the ability to resist risks，It should be one of the inevitable choices of Dufresne Group。On the other hand，Digital transformation becomes the choice of retail enterprises。Digitalization is not only about realizing the online development of sales channels，The other reason is that online based on consumer aggregation has changed the consumption paths and methods，and scene，Connection and interoperability of online and offline consumption scenarios，The expansion of online consumption circles、Background such as increased online penetration and sinking degree，Retail supply chain、Both the service chain and the consumption chain are facing the power and pressure of reshaping。Just as Dufresne Group hopes to improve store operations、Employee Management、Travel online service、Customer experience、Digitization degree such as digital analysis。

What Alibaba might gain？Including but not limited to the synergy between Dufresne Group’s existing supply chain system and Alibaba，In Europe and America、Tax-free payment scenarios in markets such as Africa，And payment scenarios in China’s duty-free 188bet mobile login，Of course there are more digital application scenarios, etc.。