Recently，China International Travel Service Co., Ltd. and Beijing Phoenix Holidays International Travel Service Co., Ltd. (referred to as: Phoenix Travel) and other three companies jointly invested 45 million Hong Kong dollars，Establish China Overseas 188bet sports betting Investment Management Co., Ltd. (hereinafter referred to as: Overseas Investment Company) in Hong Kong。All parties to the cooperation signed the "Investment Agreement" and obtained the registration certificate issued by the Hong Kong Special Administrative Region。

It is reported，Phoenix 188bet sports betting invested HKD 6.75 million，15% of shares。China Duty Free (Group) Co., Ltd., a wholly-owned subsidiary of China International Travel Service Co., Ltd., and China International Travel Service Corporation Co., Ltd. each invested HK.5 million、HKD 6.75 million，Total 45% shares。Caesar Tongsheng also invested HKD 6.75 million，Zhongxin Travel、Zhuyuan 188bet sports betting invested 562 respectively.HKD 50,000。

This joint investment，Phoenix 188bet sports betting aims to further expand the overseas 188bet sports betting industry chain、Integrating upstream 188bet sports betting resources、Deepening the overseas travel retail market、Comprehensively optimize and upgrade resources in the two important 188bet sports betting links of "touring" and "shopping"。Join strong alliances with 188bet sports betting companies in the industry，Open up the future competition and cooperation in the 188bet sports betting market，Work together to promote industry development、Improve the industry structure、Work together to enhance comprehensive competitiveness。

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