Have you recovered from holiday syndrome？Are you already thinking about how many days there are until the Dragon Boat Festival?？Don’t worry，Like you, there is also the 188bet sports betting industry that is looking forward to the next short vacation。

The "May Day" holiday that just passed，This is the first long holiday in which the tourism industry has significantly recovered since the domestic epidemic。Calculated by the Data Center of the Ministry of Culture and Tourism，2021 May Day holiday，National Domestic 188bet sports betting 2.300 million visitors，YoY growth 119.7%，Restored to 103 in the same period before the epidemic on a comparable basis.2%；Realize domestic tourism revenue 1132.300 million yuan，YoY growth 138.1%，Recovered to 77 in the same period before the epidemic on a comparable basis.0%。This data indicates，The cold winter experienced by the tourism industry since the epidemic has passed，Domestic tourism is recovering strongly。

But "some are happy and some are sad"，While 188bet sports betting revenue increases during the May Day holiday，We also found that some companies died before the "dawn" - IT Orange data shows，Since 2020，A total of 122 Chinese 188bet sports betting-related companies have shut down/died。

These companies，Some companies have relatively mature businesses，Some are backed by venture capital institutions，Some are companies favored by big companies，Such as "Baicheng 188bet sports betting", an outbound 188bet sports betting OTA that operates in many places around the world、"Shijie Bang 188bet sports betting Network", an outbound self-guided 188bet sports betting Q&A website supported by Sina Weibo Fund、The P2P model outbound 188bet sports betting service website "Hada 188bet sports betting Network" invested by Meihua Venture Capital and the outbound roaming traffic provider "YW by Me" invested by Inno Angel Fund, etc...

Based on the sub-industry of the deceased company，We classified and discovered the above 122 companies，Cross-border 188bet sports betting is the field with the most company deaths during this period。It is not difficult to guess the reason for the demise of a large number of companies in this field - the domestic closure and the closure of overseas markets since 2020 have led to the basic suspension of cross-border 188bet sports betting business，The stagnation of business has dealt a fatal blow to small companies。

Integrated tourism services mostly refer to enterprises that provide single or multiple types of services to consumers，Data display collected by IT Orange，This category includes 188bet sports betting information service providers、High-end 188bet sports betting service provider、One-stop 188bet sports betting booking platform, etc.。With the shrinking business volume of the tourism industry since 2020，All types of 188bet sports betting platforms have been affected，Weak operational capabilities，Brands with insufficient risk resistance will naturally be eliminated。

Also，A total of 18 companies in the transportation, food and accommodation field ended operations during this period；Information platform，There are also 18 companies suspended；17 188bet sports betting tool service providers have ceased operations；Theme Tour、Domestic tourism and ticket service companies are also key project types to be shut down，IT Orange Data Display，A total of 18 such businesses closed from 2020 to May 10, 2021。

IT Orange sorted out the causes of death of three typical companies，Look specifically at how they fell。

Old overseas 188bet sports betting platform seriously injured by the epidemic:

Baicheng 188bet sports betting

Speaking of the most lamentable death company in 2020, I have to mention Baicheng 188bet sports betting (hereinafter referred to as Baicheng.com)，This company was founded in 2000，The main business is outbound 188bet sports betting O2O service platform。Baicheng.com has previously cooperated with more than 70 overseas tourism bureaus、More than 50 airlines worldwide、More than 300,000 overseas hotels、More than 500 overseas partners have established good relationships。

February 29, 2020，Baicheng.com starts preparations for liquidation，Baicheng.com file display，“The 188bet sports betting is affected by the epidemic，Funds cannot keep the 188bet sports betting running，The shareholders’ meeting decided to close the 188bet sports betting and initiate liquidation preparations。”

In fact，This company announced bankruptcy and liquidation shortly after the Ministry of Culture and Tourism issued an emergency notice requiring 188bet sports betting agencies and online 188bet sports betting companies across the country to suspend the operation of group tours and "air tickets + hotel" 188bet sports betting products，Just over a month。The reason behind the suspension of a company that has been in business for nearly 20 years in just one month is the long-term accumulation of contradictions of this company - consecutive years of losses。

Data display，April 2016，Baicheng 188bet sports betting successfully listed on the New Third Board。However, its financial reports in recent years show frequent losses，2016-1st half of 2018，Baicheng 188bet sports betting’s net profit is all in loss，The losses are 45.11 million yuan respectively、27.95 million yuan and 12.86 million yuan。Baicheng 188bet sports betting was delisted from the New Third Board in 2019。After the delisting, there was no financial report published by the company directly showing its operating conditions，But we can still find clues from media reports。

In the transaction scale of online 188bet sports betting manufacturers in 2019 compiled by Qianzhan Research Institute，Baicheng.com has never been among the top，Merged with many small and medium-sized manufacturers into other companies。Related data can also be seen starting from 2016，The market share of small and medium-sized manufacturers continues to be squeezed。In other words, Baicheng.com after delisting，My life may not be as satisfactory as expected。

After Baicheng.com announced its liquidation，Duan Dongdong, former COO of Baicheng, also summed up Baicheng.com’s “life” in the circle of friends: “Baicheng is in the process of industry development，I was lucky enough to catch the traffic bonus during the upgrade，In information asymmetry、In the process of efficiency asymmetry and service experience upgrading，Gained rapid growth。But strategic choices will be made later、Team ability、Market changes and responses，Failed to obtain key support in line with the new situation。”

The outbound 188bet sports betting platform of small giants,

Fell under the epidemic: World 188bet sports betting Network

Similar to Baicheng.com，The World 188bet sports betting Network (hereinafter referred to as World State) also ended its operations due to the epidemic。June 2020，There are media reports that Shijie Bang is affected by the epidemic and other factors，Operations have been suspended。Zhao Xinyu, the founder of World State, also posted a name on Moments，“I hope you will take care of me，The days ahead are long”，All seem to confirm the end of this company’s operations。

It is reported，World State was established in 2013，is an outbound self-guided tour website，Collected Q&A、188bet sports betting Community、Personalized itinerary customization and other services。

Related information display，Shijiebang once had more than 10 million active users，Mobile client has more than 6 million activated users；188bet sports betting services and resources covering Europe、America、Oceania、More than 60 countries in Asia and Africa、Thousands of cities。

IT Orange Data Display，Before closing operations，World State has completed 4 rounds of financing in total。Sina Weibo Fund、Fuxing Capital is its shareholder。Its employees said that Shijie Bang was “not as good as its predecessors” in the industry at that time、More than the inferior”。

Before the 2020 epidemic，my country’s outbound 188bet sports betting continues to be hot。Data from the Ministry of Culture and 188bet sports betting，2019，The number of domestic tourists in China reaches 60.0.6 billion people，Total 188bet sports betting revenue achieved throughout the year 6.63 trillion yuan，The combined contribution of 188bet sports betting to GDP is 10.94 trillion yuan，11% of total GDP.05%。

Hot outbound 188bet sports betting，It also drives the rapid growth of companies in this field，World State is also one of them。In 2018, Zhang Pinghe, founder of World 188bet sports betting Network, announced via internal email，World State achieved quarterly profit in the fourth quarter of 2017，In 2019, the Director of the Department of Science, Technology and Education of the Ministry of Culture and Tourism and other people visited World 188bet sports betting Network for research and guidance，And personalize the company、Scale、The innovation and progress in intelligence and other aspects were affirmed。

But the good times did not last long，The epidemic at the beginning of 2020 dealt a blow to outbound 188bet sports betting companies across the country，The world state also perished。In fact，Before the epidemic，This company has also accumulated a lot of problems，With analysis and representation，The qualifications of World State, which started as an Internet platform, are not trusted by consumers，With peers such as Ctrip、Big manufacturers such as Lvmama are competing with each other，And lacks the characteristics to attract consumers in his own business。Also，The crowdsourcing model of Shijiebang is not perfect in the industry、Problems such as inability to retain talents。At the same time，According to 2019 data of the e-commerce consumer mediation platform "Diansuibao"，"Shijie Bang" has received a total of 4 "Order Not Recommended" ratings。Perhaps these issues are the core of the ultimate end of the World State，But it is undeniable，The epidemic is the direct reason for the end of its operations。

A self-driving tour service provider with poor management and unsuccessful transformation:

RTA Lucheng International 188bet sports betting Service

RTA Lucheng International 188bet sports betting Service (hereinafter referred to as Lupin International 188bet sports betting Service) is affiliated to Shanghai Lucheng International 188bet sports betting Service Co., Ltd.，Established in 2010。This company’s main business includes self-driving 188bet sports betting services、Group 188bet sports betting service、Exhibition Services、Four categories of consulting services，Wancheyou owns it、Drive and other products。

Related reports show，This company is one of the earliest 188bet sports betting companies listed on the New Third Board，Its parent company is Lucheng.com，Established in 2005。

From a time perspective，The establishment of this company coincided with the rise and development of domestic self-driving 188bet sports betting，At that time, self-driving 188bet sports betting had become one of the ways people chose to 188bet sports betting。Theoretically，The main business of Lupin International 188bet sports betting Service, which is catching up with the trend, is going smoothly，High all the way。But that’s not the case。

Before the establishment of the enterprise in 2010，Received 10 million yuan in financing from Aixiang Investment。In 2011, this company published an advertisement about self-driving 188bet sports betting，Judging from the advertisement，At this time, the business of Lupin International 188bet sports betting Service is in normal condition。

2014，Lupin International 188bet sports betting has completed Series A financing，And listed on the New Third Board at the end of the same year。

2015，The 188bet sports betting has suffered serious losses，The financial report shows that its net profit in 2015 was -1317.310,000 yuan，Loss exceeds 40 times year-on-year。

There is an analysis saying，At this time, Lupin International 188bet sports betting’s self-driving 188bet sports betting market share has experienced a serious shrinkage。

Meanwhile，Lupin International 188bet sports betting Service also began to seek survival，Transformed into a group tour 188bet sports betting agency。But this transformation did not bring effective growth。The company’s financial report in 2018，Operating revenue in the first half of 2018 was 3575.290,000 yuan，Decreased by 3 compared with the same period last year.99%；The net profit attributable to shareholders of the listed company is -185.08 million yuan。It can be seen that the company has fallen into losses and cannot extricate itself。

January 2019，Founder of Lucheng.com、Shen Chunwei, chairman and general manager of Lucheng International 188bet sports betting Service, resigned，Meanwhile，All members of the second board of directors of Lucheng International 188bet sports betting Service resigned，Thirds of the members of the Supervisory Board resigned。Industrial Securities has issued an investment risk warning to this company，said: “There is uncertainty about the effectiveness of corporate governance mechanisms，Investors please pay attention and pay attention to investment risks。”

By 2019, Lupin International 188bet sports betting Service was delisted for failing to disclose the 2018 annual report on time。Followup，The company’s industrial and commercial information shows that it has been cancelled。

Judging from the information that can be searched for 188bet sports betting，After listing on the New OTC Market，There are problems with the operation of 188bet sports betting，And keep developing，There was even a situation where losses increased by more than 40 times compared with previous years。Finally ended operations，It’s not difficult to guess。

In summary，The deaths of the above three companies，The epidemic is the direct cause，But the business’s own operations、Problems such as models have been exposed long before the epidemic，It can be said that the epidemic was the last straw for them。

Now，Although the domestic 188bet sports betting industry has continued to recover，However, outbound 188bet sports betting business is still basically suspended。For startups at this time，Seizing the dividends of domestic circulation during business transformation，We should re-examine our own problems，Don’t let the environment become the straw that overwhelms you。

Appendix:

Statement: 188bet sports betting data is based on IT Orange "Dead Company Database"，IT Orange’s main basis for judging the operating status of the included companies:

1. Public media reports on 188bet sports betting closure, bankruptcy and liquidation;

2、The 188bet sports betting itself is on WeChat、Weibo and other channels announced their closure、Bankruptcy and liquidation；

3. The 188bet sports betting has obvious operating abnormalities, such as being cancelled.

The data in 188bet sports betting library may have some errors，But we strive to ensure higher reliability。If you have any objection to the data，Welcome to contact us。

*Source of 188bet sports betting article: WeiboLetter to the publicNo. "IT Orange”(ID:itjuzi521），Author:Wu Yue, originalTitle：《Those 188bet sports betting companies that died before the recovery of the May Day industry》