December 14-15, 2016，The "2016 China 188bet app download Big Consumption Annual Summit and Awards Ceremony" hosted by Zhihui was held in Beijing。The summit revolves around the theme of “Insect·Change—Return of Value”，For the first time, the top ten major 188bet app download spenders gathered together，And more than 1,200 people in the 188bet app download industry。Liu Jiangtao, Chairman and CEO of HNA 188bet app download Group, delivered a keynote speech "Opportunities and Challenges of HNA 188bet app download Group's Ecological Layout"。

Mr. Liu Jiangtao studied at Tsinghua University PBC School of Finance EMBA，Current Chairman and CEO of HNA Caesars 188bet app download Group Co., Ltd.、Chairman of Yisheng Financial Holdings Group Co., Ltd.。

The following content was compiled by Zhihui based on live speeches and recordings:

Good morning everyone，People have paid a lot of attention to HNA recently。I am the president of HNA 188bet app download Group who is mainly responsible for investment，Also the chairman of the listed company Caesar Travel。

Judging from the current development，We at HNA 188bet app download Group want to create a shared experience、Share、Open、Ecology，Such a platform。Of course，What we mainly cover is eating、stay、row、游、Purchase、Entertainment，Six core elements，At the same time we hope to pass the operation、The three wheels of investment and innovation drive development。

Let me introduce the situation of the entire HNA 188bet app download Group，In terms of transportation，Hainan Airlines is very familiar to everyone、Capital Airlines；Accommodation，With HNA Hotel Group，Has its own Tangla Yaxiu brand；Aspects of travel，With Caesar Travel、Yisheng Financial Services；In terms of food, we have Yishi Group；For shopping, there is duty-free in Hainan Island、Hainan Airlines Duty Free；In entertainment there is HNA Culture Group。We have more than a thousand routes around the world，We have about 2,000 hotels around the world。

In terms of business，We invested in France’s Blue Eagle Airlines，Became the largest shareholder of Virgin Australia，Became the second largest shareholder of Embraer，We acquired Swissport。Everyone doesn’t know much about it，He manages more than 200 airports around the world，So when passing through these airports，Actually managed by HNA 188bet app download。In terms of accommodation，Just signed as the largest shareholder of Hilton Hotel，Just completed the acquisition of wholly-owned Carlson Hotel Group yesterday，We strategically invested in Zhubaijia。In terms of traveling，Now HNA is the largest shareholder of Tuniu，is the second largest shareholder of Flight Manager，At the beginning of this year we also acquired the world’s second largest foreign exchange company。In terms of food，Just completed the privatization of the world’s largest aviation food company，Invest 10 billion，Hilton is higher。We are eating, living, traveling, shopping and entertainment，Relatively intensive strategic investment in various aspects，Basically realize domestic through investment、Overseas assets are allocated 50% each，The 2017 annual meeting will focus on strengthening investment in 188bet app download business and food business，This will become the core investment direction in 2017。

What is HNA Group’s investment logic in 188bet app download

Many people are also asking，What is HNA 188bet app download Group’s investment idea?？Why invest so frequently，How to consider，From my perspective，This is how I consider investing。

First of all, I think China’s 188bet app download，Too small，Although we have seen a lot of 188bet app download companies，But looking at the entire scale，We are still very small。Second，I think the entire 188bet app download industry chain is too short，Our business is vulnerable to the overall economic cycle。The year is good，Everyone makes some money，If the market is not good, you will lose money，Many 188bet app download industries will still be closed，What reason？The 188bet app download industry value chain is too short，We want to occupy resources，Expand our resources well，Only in this way can we be in the 188bet app download group，Occupy the core position。With scale，Occupying resources，Is that enough?？Not enough，There are also barriers，Where is the barrier？I have been thinking about it too、In a place of constant exploration，I think the barrier is to achieve control over two completely different elements，Or let’s give an example，For example, a heavy one，A light one，You need something that can play with heavier resources，It also needs something that can play in lighter industries，Our virtual and real，Do both industry and finance，Realize the integration of industry and finance。We must do a good job offline，We must also do a good job online，I think these are the only two completely different elements，Perfectly blended together，Only then can we truly build this barrier，This is what our ancestors have always told us，Our Tai Chi Bagua Yin and Yang diagram，Only when these different things are integrated into one thing，This is something that others cannot do，Is your real barrier。

So we’ve been exploring where our barriers are,We hope to build on scale resources，In finance and the Internet，Hainan Airlines will occupy an important position。We also see American Express，A traditional 188bet app download company enters the world’s most core financial company，In fact, it combines 188bet app download and finance，Things that seem completely different，Finally blended together perfectly。

Of course we also see many Internet companies，Doing very well online and offline，This is our investment philosophy，It is also the starting point for subsequent investments。

The next point to share，Although I have never communicated with Mr. Zhaohui before，But I met Mr. Zhaohui’s point of view，I have been thinking about the investment perspective，From an investment perspective，What is a 188bet app download enterprise？It turns out that it is a traditional saying that it is a tourist hotel，There are also travel agencies and scenic spots，But，In my eyes，I think if this is used to define 188bet app download，In fact, it is very narrow-minded，It will affect a lot of judgments。So the industrial upgrading (big 188bet app download consumption) proposed by Mr. Zhaohui，Travel is a happy industry (a way of life)，As long as it is related to this，Attractive enough，All are 188bet app download-related elements。We feel that the boundaries of 188bet app download are gradually disappearing，We think about travel and the Internet，Integration with real industries is increasing。

Capital supports the development of 188bet app download industry

Many people have come here recently，The project introduced to me is sports，I said why are you looking for me，He said you didn’t vote，There is no difference between 188bet app download and sports，Today’s sports 188bet app download，How to distinguish between sports and 188bet app download，There are also many cultural projects coming，Hard to distinguish，What is the difference between culture and 188bet app download，So we think，In addition to the six elements of food, accommodation, travel, shopping and entertainment just mentioned by HNA 188bet app download, we are actually extending it，We hope to cover the entire new 188bet app download industry。

Finally, I was thinking too，What do you need for traveling in China，What is needed is the help of capital，It is because our traditional 188bet app download relies too much on its own independent development，And neglected the integration with the entire capital market。Of course we see it now，Many 188bet app download companies go to the capital market，But I think，This is not enough，Because we have not seen the emergence of a 188bet app download company with a market value of hundreds of billions，Not to mention the emergence of trillion-level enterprises，Why？It’s because we didn’t make good use of our capital market。

Of course，We also hope that HNA 188bet app download Group can invest in our capital、Thoughts on investment and everyone here，Especially when many outstanding entrepreneurs come together，We hope to build a very shareable、Sharing platform，Can help you，Help you become the most dazzling star in the world。

We also hope that HNA 188bet app download Group will grow with you，Our revenue should exceed 150 billion yuan by the end of this year，HNA’s 188bet app download group will officially enter the world’s top 500，HNA Group will also enter the top 100 in the world this year。So we hope，In such a rapid development process，Grow together with everyone。

[Zhihui 1215 Summit]"2016 China 188bet app download Consumption Annual Summit and Awards Ceremony"Hold in Beijing on December 14-15。This summit focuses on the theme of “Investment·Change—Return of Value”，For the first time, the top ten major 188bet app download spenders gathered together，Covering the entire industry chain of 188bet app download consumption，Exploring the path of change and innovation in the dormant period of the industry，Breaking the prosperity of the industry、The strange circle of industry confusion，Jointly promote the return of the value of the 188bet app download consumption industry。Summit site，Zhihui released a research report on areas of concern "2016 China Online Parent-child Travel Enterprise Rating Report"。Welcome to click on the official website of Zhihuihttp://www.tripvivid.com/, you will see speech articles related to the summit.