April 13，China Tourism Group 188bet online sports betting Co., Ltd. (hereinafter referred to as "188bet online sports betting") plunged to the limit in the afternoon，Soon, this matter also appeared on the "hot search" list on the Internet social platform。Reasons for the lower limit，188bet online sports betting responded on the interactive platform，The company carries out information disclosure strictly in accordance with the information disclosure requirements of listed companies，There is no information that should be disclosed but has not been disclosed。From this，Once regarded as a "hot cake" by investors、188bet online sports betting, which also invested nearly 4 billion yuan in the Sanya duty-free project last month，has also come to the forefront of public opinion。

Public information display，Today’s opening quotation of 188bet online sports betting is 292.82 yuan，Reported 265 as of 16:00.85 yuan，Seal the lower limit。Beijing Business Daily reporter at press time，China Free Trade Volume has reached 65.5.4 billion yuan。

As the “big brother” in the domestic duty-free industry，May 2020，188bet online sports betting Company completed the acquisition of Duty Free Company，Successfully obtained the third tax-free license，Further consolidated its role as the top player in the Hainan outlying island duty-free market。According to the company’s 2020 annual performance report，During the reporting period，The company achieved total operating income of 526.1.8 billion yuan，An increase of 8 compared with the same period last year.24%；Achieve operating profit 96.9.4 billion yuan，Year-on-year growth of 8.24%；Net profit attributable to shareholders of listed companies 61.1.7 billion yuan，An increase of 32 compared with the same period last year.07%，Really handed over an enviable transcript。March 18 this year，188bet online sports betting also issued an announcement，His wholly-owned subsidiary CDFG (Hainan) Investment Development Co., Ltd. plans to invest 36.900 million yuan project to build "Sanya International Duty Free City Phase 1 No. 2"，Building Sanya Haitang Bay into a one-stop high-end tourism and consumption destination。

Undeniable，As the epidemic prevention and control situation gradually improves、Domestic tourism accelerates recovery，A large number of “fans” in duty-free markets on outlying islands，Many tax-free concept stocks have really gained a wave of popularity。Among them，188bet online sports betting can be described as a “ferocious” rally。Statistics are displayed，From April last year to January this year，188bet online sports betting Stock Price has risen as high as 333.04%，Known as “White Horse Stock” by netizens。

In the opinion of Zhou Mingqi, founder of Jingjian Think Tank，With the implementation of the "big gift packages" of the outlying island duty-free policy，More and more companies are beginning to squeeze into the Hainan market to share the cake，188bet online sports betting’s “absolute advantage” seems to have weakened。Data display，From the implementation of Hainan’s new tax-free policy last year to April 6 this year，Duty-free shopping on Hainan islands reaches 34.7 billion yuan，244% year-on-year increase；4.96 million shopping tourists，101% year-on-year increase。In addition to new duty-free shops，Hainan has recently launched services such as "mail delivery"。Currently，Hainan offshore island duty-free operating enterprises have completed mailing and delivering duty-free goods worth 400 million yuan from February 3 to April 6、530,000 items、100,000 people。Accept applications from island residents for off-island storage、Return to the island to withdraw duty-free goods amounting to 2.62 million yuan，Involving 2216 duty-free items、406 shopping passengers。Meanwhile，Currently，The number of duty-free shops on outlying islands in Hainan has also increased to 10，Changed the market structure of the previous "188bet online sports betting Series" exclusive operation of Hainan Island Duty Free Shops，Hai Control、Shenzhen Duty Free、China server tax exemption、Hailu and others have become China’s new rivals。

"This time，‘Sudden changes’ in 188bet online sports betting’s share price，It still needs to be treated with caution，"Zhou Mingqi said bluntly，“Looking at it as a whole，Short time，Other companies still cannot match the size of 188bet online sports betting。Number of 188bet online sports betting customers、Obvious advantages in terms of bargaining power with big brands，In addition, it is still unclear when outbound travel will resume，Consumers who have the habit of shopping abroad regularly will still return to China，There is still room for expansion of the domestic duty-free shopping tray，However，If 188bet online sports betting has duty-free supply on outlying islands、Unable to maintain a clear leadership position in terms of price，In the future, it is likely that the flow and share will be taken away by the ‘younger generations’ at an accelerated pace。”

*This 188bet online sports bettingcomeSource:Beijing Business Daily, Author:Jiang Mengwei, Yang Hui, original title: "White Horse 188bet online sports betting Limited flash crashed to the limit in the afternoon. The company responded: There is no undisclosed information that should be disclosed》.