Ctrip, the largest travel group and online travel agency in China (hereinafter referred to as "Ctrip"), has joined forces with Singapore Fenghe Investment Group and domestic Huiyu Asset Management Company to jointly establish a fund management platform - Ctrip Investment。 Xie Ling Investment will serve as a fund manager to establish and launch an overseas hotel M&A fund in the Shanghai Free Trade Zone。

It is reported，This international layout，The first phase of investment is targeted at the European region。The European economy has not yet fully recovered，High-quality assets are undervalued，High cost 188bet Online Sports Betting and Casino performance，At the ideal investment stage。Establishment of Overseas Hotel M&A Fund，Also sees the opportunity of European economic recovery。The first phase of the fund is expected to raise 2.5 billion yuan。Ctrip will serve as a cornerstone investor，10% of the subscribed fund size，The remaining shares will be raised mainly from domestic institutional investors。

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In recent years，With the improvement of national productivity and consumption level，China’s tourism demand shows explosive growth，The growth of outbound tourism is particularly prominent。According to statistics from the National Tourism Administration，The number of outbound tourists exceeded 100 million for the first time in 2014，Nearly 300,000 people leave the country every day on average。As a leading company in China’s online travel market，Ctrip is not only in group tours、Free travel、Outbound travel、Domestic Travel、Ground fun、Six major product lines including oil tankers ranked first in market share，In the online outbound travel market，Also in an absolute leading position。According to the latest 188bet online sports betting report released by Analysys Think Tank，Ctrip’s market share of China’s online outbound travel in 2014 was as high as 41%.4%，Transaction volume reaches 6.2 billion yuan，The growth rate is more than 50% compared to 2013，Income growth in the first quarter of 2015 reached the highest level in three years。

Future Fund will sign a global strategic cooperation agreement with Ctrip，The two parties will share the fund’s hotels and Ctrip’s online travel resources，Ctrip online resource traffic import，Fund hotel resources implementation and undertaking，No barrier to the track，Strong alliance，Thus achieving online and offline “one-stop” O2O services，Work together to provide a better service experience for Chinese tourists traveling abroad。

Integration of industry and finance Build a global professional investment platform

In recent years，With the advancement of RMB internationalization strategy，The pace of cross-border investment by Chinese institutions is also accelerating。Lead Investment to actively respond to the country’s “One Belt, One Road” and “Going Out” strategic policies，Seeking investment 188bet Online Sports Betting and Casino and cooperation opportunities globally，A professional global elite team is deployed in the four dimensions of "raising - investment - operation - exit"，Is the leading platform for RMB global investment。

Relying on a strong localized overseas investment and capital operation team，The fund will not only acquire relatively high-yield hotel assets in Europe and other places as an investment plan，In the future, the allocation efficiency of the global capital market will be maximized through various methods，Increase return on investment。