One week ago，In "This is the 188bet sports betting app download Surround"，We mentioned the importance of 188bet sports betting app download’s development in China，Financing is an important obstacle。And this week，There are constant news pointing out，188bet sports betting app download’s financing in China has encountered resistance，This includes news that Ping An denies investing in 188bet sports betting app download。As for 188bet sports betting app download, which claims to be listed in China，Want to fight like a local company，It seems that there are still some necessary weapons missing。

Money is the most important food

To fight a war in 188bet sports betting app download and survive，There must be enough food and grass，Money is the food and grass needed for this battle。Although valued at 50 billion globally，There is enough money to support global battlefields，But I want to be a local team，Relying only on supplies from the headquarters will not only cause speed problems，And it may also bring down the headquarters’ distribution，Be sure to find enough money locally to fight a protracted battle。

So，188bet sports betting app download wants to raise funds independently in China，Then hoping to go public independently is to get more money to support it。But the situation at hand is，At least Chinese investment companies are very cautious about investing in 188bet sports betting app download。Allegedly，The main reason is that these institutions have reservations about 188bet sports betting app download’s valuation of 6 billion in China。Actually，According to internal forecast: 188bet sports betting app download is expected to lose 1.1 billion in 2015，2016 and 2017，Estimated annual loss of about 900 million，And until 2018，188bet sports betting app download needs to be profitable to reach 0 million。

Faced with such a business situation and such a high self-esteem，Investment institutions may think that the return on investment in 188bet sports betting app download is too low，Cannot even meet investor exit requirements after listing。In order to deal with such problems，188bet sports betting app download is said to have adopted two methods: one is to treat large institutional investors differently，Guaranteed 12% annual return rate for big investors，If not reached，The funds from the headquarters will be used to make up the amount；The other one is selling 188bet sports betting app download China to retail investors through an intermediary，It says “financing share is US0 million ，Organizational management fee 5%，Profit share 15%，The exit method is listing in Hong Kong or Shanghai”。The reaction given by any experienced investor is: financing has encountered a big problem。

To fight a 188bet sports betting app download war, you need a 188bet sports betting app download army

The reason why the United States suffered in the Vietnam War，It is precisely because of the extremely poor understanding of the local situation。Although compared to many foreign companies，188bet sports betting app download’s localization is the best。However，Although this method can be closer to users，But it did not bring any practical benefits to the battle with the local team。 188bet sports betting app download China’s registered company，Actual owner，The funding composition and server assumptions still prove themselves to be an external force。

In the "Interim Measures for the Management of Online Reservation Taxi Operation Services" which is rumored to be officially released soon，Clearly stipulates the qualification requirements for operating private car services。Among them，Need Chinese organization，Legal Person，188bet sports betting app download does not meet the operating qualification license and local server requirements。Once the management measures are really implemented，Then 188bet sports betting app download is faced with becoming an illegal operating platform，Reduced to Facebook、The point of Twitter or even Line is not absolutely impossible。

In addition to qualifications，actually as an outside force，Government factors cannot be ignored，I believe this is not only true in China，188bet sports betting app download has learned something on battlefields around the world。Although maintaining a neutral attitude，But I believe that no government will not help local legal enterprises through policy。And if it turns into a "civil war"，At least we can compete under the same conditions。Same example，We have seen a lot, right？

The dawn of victory is the driving force behind the battle

No one wants to fight a battle with no visible victory，No one wants to support a team that always looks hard to win。Whether it is profit、Financing difficulty is still due to corporate structure，188bet sports betting app download will cause the dawn of victory to fade away。

At least at this stage，Going public in China is an important node in 188bet sports betting app download’s local battle，But this seems to be a difficult thing。First，Both the main board markets in mainland China and Hong Kong, China have requirements for listed companies to continue to make profits，A plan that cannot be profitable within three years makes the possibility of listing on the main board almost zero，The New Third Board and GEM cannot meet 188bet sports betting app download’s financing needs。Otherwise，According to Wu Fei, a partner at Zhongwen Law Firm，In the end, the actual controller of 188bet sports betting app download China should be 188bet sports betting app download founder Travis，Still a shareholder of 188bet sports betting app download China，Or a strong capital party，These are not yet clear，This may be fatal in China’s listing conditions，May constitute a substantial obstacle。Foreign companies establish subsidiaries in China、Branch method，There has never been any precedent for listing in China。

No prospect of listing，In terms of data on China’s private car market, 188bet sports betting app download did not achieve particularly good results，For example, the official claims that China has 1 million orders every day，And in the New York Times report，The order quantity is only 100,000。Another example is the data with no growth for two consecutive months，Compared to Didi Kuaidi, it has less than 1/5 user coverage，And the well-known issue of fraudulent orders，These make it more difficult for 188bet sports betting app download to gain financial help and investor confidence。

188bet sports betting app download’s battlefield is not just in China，But if they cannot win China, it cannot be considered a complete victory for them。And really want to win the Chinese market，Take a step back，Want to compete in the Chinese market，They lack weapons，It’s not just about turning a car into a boat or a dragon。