Message on October 5th，188bet mobile login will form a Chinese joint venture with Dufry AG, the world’s largest duty-free retailer，Developing China’s travel retail business，At the same time, 188bet mobile login will also strategically invest in Dufry。

According to a press release issued by Swiss company Dufry on Monday，The company proposes to issue an additional 25 million shares，Estimated financing scale reaches CHF 700 million，Part of it will be allocated to 188bet mobile login。188bet mobile login promises to subscribe for up to 9% of the enlarged share capital of Dufry.9%。

The two parties will establish a joint venture in China，188bet mobile login and Dufry hold 51% and 49% of the shares respectively。188bet mobile login will bring in its established network and digital capabilities in China。Dufry will contribute its existing travel retail business in China to the joint venture，will support the joint venture with its supply chain and strong operational skills。

”We hope that through this cooperation，Powered by new digital technologies，Driving growth with Chinese customers in Asia and globally。” 188bet mobile login Group Chief Executive Officer (CEO) Julian Diaz pointed out。

He said，“We believe，The joint venture 188bet mobile login capitalize on growth opportunities，And 188bet mobile login support Dufry to become the world's leading digital travel retail company。Our goal is to better serve our customers，Giving them a global offering across all platforms and devices, anywhere、Services and Personalization。”

Previously，Advent International, a world-renowned private equity investment company, has committed to pay 28 per share.50 CHF price，Subscription for 188bet mobile login’s additional shares，Investment amount 4.1.5 billion Swiss francs。If 188bet mobile login’s financing amount exceeds CHF 500 million，Adventum Capital’s investment amount can also be increased to 4.5.5 billion Swiss francs。

After receiving 188bet mobile login’s capital injection commitment，Dufry decided to propose to the shareholders’ meeting to issue an additional 25 million shares，Used to settle the remaining balance from the previous acquisition of competitor Hudson Ltd and the company’s general operating funds，Includes funds needed to expand operations with 188bet mobile login in China。These additional shares will first be allotted to the company’s existing shareholders，The unsubscribed portion is sold to Advent Capital and 188bet mobile login。188bet mobile login will subscribe at the same subscription price as Advent Capital，Subscription not exceeding 9% of Dufry’s enlarged share capital.9% shares，The investment amount does not exceed 2.500 million Swiss francs。

188bet mobile login’s main business is the duty-free shop business at major airports around the world，Currently the largest markets are Europe and Africa，44% share；No. 2 in North American market，22% share；Asia and the Middle East market ranks only fourth，About 14%。188bet mobile login has been operating travel retail business in China since 2008，Currently at Shanghai Airport、Chengdu Airport，As well as retail outlets in Hong Kong and Macau。

*Source of this article：yiou.com，Author:Li Chenyi, original title: "188bet mobile login joins forces with the world’s largest duty-free retailer，Entering the travel retail industry！》.