November 30，188bet Live Casino (stock code: 3690.HK) releases third quarter 2020 results。Benefiting from the strong resilience and vitality of China’s economy，All business sectors of the company achieved positive growth in this quarter，Overall revenue increased by 28% year-on-year.8% to 35.4 billion yuan (RMB，The same below)，Adjusted net profit is 2.1 billion yuan。where，The number of annual active merchants increased to 6.5 million，The number of annual trading users reaches 4.A new high of 800 million，Reflects the rapid growth of both supply and demand brought about by the digitization of life services。

With the epidemic under effective control in the first half of the year，188bet Live Casino continues to play its role in the city’s “new infrastructure”，Actively promote the digitalization process of the life service industry，Continuously improve service experience，And actively expand employment。Data display，As of the end of September，This year, more than 4 million riders have gained employment and increased income through the 188bet Live Casino platform。For the first time, a food delivery rider entered the National Occupation Ceremony with the official name of “Online Delivery Personnel”，Become an important member of the digital workforce，188bet Live Casino Waimai’s “Same Boat Plan”，Working conditions for riders、Experience improvement、Career Development、Provides more protection in life care and other aspects，And will cooperate with more social forces to jointly build the industry ecosystem。

"This Quarter，The recovery of the domestic consumer market drives the steady recovery of the life service industry。Through continuous improvement of multiple categories、Multi-scenario service experience，188bet Live Casino becomes the choice of more consumers and merchants”，188bet Live Casino CEO Wang Xing said，“Under the strategy of ‘Food+Platform’，We promote the digital development of the industry through technological innovation，Created more job opportunities。In the future, we will always insist on realizing business value by creating social value，With a more open attitude，Join hands with partners upstream and downstream of the industry chain，Practice ‘help everyone eat better，Live Better’ Mission。”

Consumption recovery releases 188bet Live Casino impetus The main business returns to positive growth

The past three quarters，188bet Live Casino, together with all its merchants and partners, has witnessed the resilience and vitality of the Chinese economy，Become a beneficiary of the accelerated development of the digital economy。Under the background that the domestic epidemic has basically subsided，188bet Live Casino Waimai continues to strengthen refined operations，By providing a range of precision、High-quality marketing activities greatly boost consumer confidence，And thus generate more consumer demand。This quarter，Food and beverage delivery transaction volume reaches 152.2 billion，The average number of daily transactions has returned to 34.9 million orders。where，The number of takeaway member users also reached a new high this quarter。At the store、Wine and tourism business sector，Thanks to the significant improvement in the domestic epidemic situation，Both transaction volume and merchant marketing needs show a clear recovery trend，Revenue this quarter reached 6.5 billion yuan。

188bet Live Casino provides extensive and diverse innovative marketing and scenarios，Continue to meet new needs and further stimulate consumption vitality。This quarter，By observing changes in consumers’ consumption behavior towards milk tea category，188bet Live Casino Waimai launched a milk tea themed promotion，This has led to an increase in the transaction volume of the afternoon tea category on the takeaway platform。The in-store catering sector also relies on a series of customized marketing plans，In transaction volume、Remarkable recovery has been achieved in terms of order volume and revenue。At the same time，Benefited from the recovery of domestic cross-city travel consumption demand to a certain extent，And the strengthening trend of cooperation with high-star hotels，Domestic hotel room nights also returned to positive growth this quarter, reaching 3.7%。

This quarter，188bet Live Casino further supports the online transformation of the catering industry after the epidemic，Maximize the potential of local life service market。Upgrading the operating system through continuous iteration，188bet Live Casino better cooperates with merchants，Through customized plan，Reducing costs and increasing efficiency，Attract more high-quality merchants to actively choose to go with 188bet Live Casino。Data display，The number of newly launched food delivery brands in the third quarter increased by 157% year-on-year，Further improving the high-quality supply of takeaways，This has driven the unit price of consumers to increase by 4% year-on-year.5%。At the same time，188bet Live Casino’s platform advantages have exerted greater synergistic value in this quarter，Takeaway and dine-in merchants achieve more effective conversions。

Continue to explore new businesses and invest in the future to promote 188bet Live Casino development

This quarter，Except for main business，New business segment once again achieved strong growth，Revenue increased by 43% year-on-year.5% to RMB 8.2 billion。In new business，Grocery retail, which is closely related to “eating”, is an important part of food consumption，This is also 188bet Live Casino’s scene expansion in the local life service field。

188bet Live Casino CFO Chen Shaohui said: “China’s booming consumer market is the biggest driving force for our development，Let us be full of expectations for the value that technology can bring to the industry and society。188bet Live Casino will continue to focus on users、Merchant、Riders and upstream and downstream partners continue to strengthen the construction of core capabilities。Our investment will be oriented towards long-term returns，Continuously improve customer experience and industry efficiency，Promote the construction of a healthy and orderly industry ecosystem，Let industry participants ultimately benefit from technological changes。”

Financial report display，In the grocery retail sector，Platform model of 188bet Live Casino’s flash sale on medicines、Consumption demand for flowers and other categories is further highlighted，Drug orders in a single quarter more than tripled year-on-year，Nearly 100,000 pharmacies have settled on the platform，188bet Live Casino’s brand image of “everything is available at home” has been further deepened。188bet Live Casino Maicai still maintains steady development under the self-operated model，By increasing network coverage in Beijing, Shanghai, Guangzhou and Shenzhen，Both quarterly transaction users and transaction volume achieved rapid growth。Newly launched 188bet Live Casino preferred service，Meet the different types of consumer needs of users through the development of community leaders，Shopping with 188bet Live Casino、Kuailu’s purchase and other businesses have better utilized the synergistic value。Future，Preferred will also continue to increase its efforts in warehousing、Capacity building in supply chain and community leaders，With an open attitude，United upstream and downstream industry chain，Promote the common development of local businesses and industries。