The evening of November 15th，Zhongxin 188bet app Announcement，November 13，A joint venture established by Uxin 188bet app and related party Zhejiang Ali 188bet app Investment Co., Ltd.，Completed industrial and commercial registration procedures，And obtained the "Business License"。

Announcement display，The joint venture is Hangzhou Axin Network Technology Co., Ltd.，Registered capital 1.500 million yuan，Uxin 188bet app and Ali 188bet app each invested 67.5 million yuan、82.5 million yuan，Each accounts for 45% and 55% of the total registered capital。The business period is from November 13, 2020 to November 12, 2030。

As understood，The business scope of Hangzhou Ashin Network Technology Co., Ltd. includes licensed projects and general projects。where，The licensed project covers the second type of value-added telecommunications business、Tourism business；General business items include technical services、Technology Development、Technical consultation、Technical Exchange、Technology transfer、Technology Promotion；Software Development；Information system integration services；Ticket agency service；Passenger ticketing agency；Sales Agent；Conference and exhibition services；Advertising production；Advertising Design、Agent；Advertising Release (Non-Broadcast Station、TV station、Newspaper and periodical publishing unit)；188bet app agency service、Network tourism promotion、Consulting Services；Information consulting service。

Previously，Evening of September 29th，Zhongxin 188bet app announced，Alibaba (China) Network Technology Co., Ltd. and the company’s controlling shareholder、The actual controller Feng Bin signed the "Share Transfer Agreement"，Acquired UX 188bet app 4547 held by Feng Bin through agreement transfer.030,000 shares，Accounting for about 5% of the company’s total shares，The share transfer price is 3.8.5 billion yuan。