Quotes of cultural and 188bet mobile giants

Following the establishment of the park management company，After intending to make some moves in the theme park field，Pop Mart has established a new investment company with 100% holding，Registered capital 100 million 188bet mobile。

The high profile of Bubble Mart in the early days of its launch is gradually fading，Price increase controversy、Sales decline and performance slowdown of popular IP、Competition in the trendy toy industry is becoming increasingly fierce, etc.，From blind box to trendy play，Bubble Mart hopes to tear off the blind box、Trendy tags，Seeking new business storytelling。

As early as March 188bet mobile year，Wang Ning, founder of Bubble Mart, said at the analyst meeting，The company plans to gradually develop theme park and content business，It is also possible to get involved in the game sector。Wang Ning also mentioned earlier that Bubble Mart will be considered the most Disney-like company in China，The core understanding is that Bubble Mart may be like Disney，Has many valuable super IPs，Use different ways to incubate IP，To mine and commercialize IP。

Judging from the logic reflected in 188bet mobile description，There is reasonableness，Disney’s core competitiveness lies in its large and strong IP，And outstanding commercialization capabilities，included in IP mining、The story could not be richer，IP life cycle continues to extend，Offline physical projects and online content、The ecological cycle effect of traffic continues to expand, etc.。

One 188bet mobile details is，As Disney’s IP system continues to expand，It does not incubate many IPs，In addition to being adapted from classic fairy tales，Investment and acquisitions play a big role，For example, its former CEO Robert·Iger led Disney versus Pixar from 2006 to 2012、Three major acquisitions of Marvel and Lucasfilm (Star Wars brand)，Total investment exceeds 15 billion US dollars，IP and continuous development and commercial realization、Fans (traffic) acquisition、Offline park project content updates, etc.，With substantial support。

And China’s themed entertainment market，Currently, high-quality IP is still scarce，It is difficult to achieve substantial improvement in a short period of time，Includes premium theme park brands (indoor、Outdoor small and medium-sized) also has a lot of market space，188bet mobile is an opportunity for Bubble Mart，Not only the expansion of blind boxes or trendy IP products，Weaken single dependence on core IP，It is also its entry into the paradise market，Possibility of expanding business boundaries。

Bubble Mart has had many investments before，Including investment in animation company Two Points Ten、Animation movies "White Snake 2: The Green Snake Rises" and "Nezha Reborn"，Also“Three pits”（Hanfu,lolita clothing,JK Uniform) 188bet mobile，Invested in brands such as Shisanyu and Mao Galaxy；Invested tens of millions of dollars in the American fashion brand collection store Solestage。

Newly established investment company，Pop Mart’s intention to continue to increase investment in the content IP field is more obvious。And for Bubble Mart，We 188bet mobile face many challenges next: discovering and capturing high-quality IP，Seeking story content supplement and commercialization cycle for some IPs (can form a new industry chain)，Extend the life cycle of new IP，Of course, it also includes the life cycle of existing IP。

Other side，&ldquo of the mid-to-high-end 188bet mobile brand Junting 188bet mobile;Rush A”The road to listing continues。

Junting 188bet mobile announced on September 14，This issuance of new shares 2013.50,000 shares，There is no transfer of old shares in this issuance。The amount of funds required for the issuer’s investment project plan for this issuance is 3.4.4 billion yuan。According to this issuance price 12.24 yuan/share，The issuer expects to raise total funds 2.4.6 billion yuan，About 5769 after estimated issuance expenses.After 90,000 yuan，The net amount of funds raised is expected to be approximately 1.8.9 billion yuan。

Listing of Junting 188bet mobile，It can be analyzed mainly from two dimensions:

First, the domestic mid- to high-end 188bet mobile market situation，The basic aspect is good，The market prospect is large。

Data display，As of 2019，my country’s 188bet mobile industry is still mainly economical，The proportion of budget 188bet mobile rooms is 65.2%，The total proportion of mid- to high-end hotels is only 28.5%，Compared to the global 188bet mobile market 74.4% of mid-to-high-end share still has much room for improvement。Huazhu、Jinjiang、BTG is also investing in the domestic mid-to-high-end 188bet mobile market。

In the long run，Increase in residents’ income、Growth in demand for mass business travel and leisure、The trend of increasing tourist numbers will not change，Coupled with the return of outbound 188bet mobile consumption caused by the impact of the epidemic，These are all positive factors for the expansion of the mid- to high-end hotel market。At the same time，This market has not yet formed a situation where a few giants divide the main share，Both big and small giants still have opportunities to further enclose their territory，Besides the diversification of mid- to high-end hotels，It also brings more possibilities to small and medium-sized hotel brands。

Junting 188bet mobile recently responded to investors’ questions，mentioned，The company’s industry segment is the mid-to-high-end 188bet mobile sector，Currently, downstream demand maintains rapid growth，Industry supply scale and industry supply price are still in the exploration stage，In an era where challenges and opportunities coexist

The second is the situation of Junting 188bet mobile itself，Overall, there are many challenges。

Look at the data，2017 to 2019，The revenue of Junting 188bet mobile is 3.2.2 billion yuan、3.4.1 billion yuan and 3.8.2 billion yuan，Attributable net profit is 5940 respectively.360,000 yuan、6020.690,000 yuan and 7225.380,000 yuan，The data is gradually improving。

But from 2017 to the first three quarters of 2020，The average occupancy rate of Junting 188bet mobile rooms is 72.1%、66.48%、67.22%、43.25%，RevPAR 308 respectively.34 yuan、278.36 yuan、287.14 yuan、158.75 yuan，Both data are declining as a whole。

Junting 188bet mobile will be Jinjiang 188bet mobile、Boutique 188bet mobile and others are listed as competitors，2017-the first three quarters of 2020，The comprehensive gross profit margin of Junting 188bet mobile is 37.87%、34.94%、34.86%、21.18%，The comprehensive gross profit margin of BTG 188bet mobile during the same period was 94.64%、94.47%、93.68%、3.45%，The comprehensive gross profit margin of Jinjiang 188bet mobile is 90.46%、89.60%、89.89%、22.32%。There is an essential gap between the gross profit margin levels of Junting 188bet mobile and the other two companies，The explanation given by the company is that the accounting methods are different。

Also，As an important yardstick to measure the investment value of a company，The ROE (return on equity) trend of Junting 188bet mobile is not very good。2017-2019 and January-September 2020，The company’s weighted average return on equity calculated based on the net profit attributable to the company’s common shareholders is 51.82%、32.51%、30.58% and 6.75%，In rapid decline。

Can Junting 188bet mobile become the first A-share mid-range 188bet mobile?？After listing，The internal and external pressures it faces will not become smaller。

Destination 188bet mobile Barometer

Multiple provinces work together to promote the large-region 188bet mobile market“Hold together”Mutual help and mutual benefit，It will be a more obvious trend。

Recent，Jiangxi、The three provinces of Hunan and Hubei will work together to build infrastructure、Cultural 188bet mobile、Industrial Innovation、In-depth cooperation in public services and other aspects，The three provinces will establish a 188bet mobile industry development alliance for the adjacent areas of the three provinces in the middle reaches of the Yangtze River，We will focus on building a cultural 188bet mobile linkage area with Tianyue Mufu Mountain in Hunan, Hubei and Jiangxi、Cooperation zone represented by Wulingshan Eco-188bet mobile Demonstration Zone。

Except for a relatively small number of national destinations，Most places in China are still regional destinations，Cooperate with surrounding areas to expand each other’s market radiation areas，is a reasonable choice，On the one hand，If the economic development level of the surrounding areas、Resident income levels are almost the same，Travel products with similar attributes are prone to homogeneity，Not very helpful for more conversions，But it is also a product that meets their 188bet mobile ability and needs，There is still space；On the other hand，The regional market is getting bigger，The tourist base becomes larger，Also based on cooperation linkage，In resource integration、The richness of products and price concessions，There will be more room for operation；Increase supply、There are more opportunities to promote 188bet mobile。

Besides，188bet mobile on peripheral travel is rising，It is a good thing for regional linkage，And epidemic prevention will become normalized in the future、Under the background that inter-provincial travel circuit breaker may become normal，A multi-provincial alliance seeks to establish an integrated prevention and control mechanism internally，Promote the effective flow of internal tourists，It would also be helpful。

Promotion fee，Still a promotional fee。Recent，Heilongjiang Province、Liaoning Province has determined 8 respectively、6 provincial tourist and leisure blocks，This is the implementation of the Ministry of Culture and 188bet mobile at the end of April this year、Local actions of the National Development and Reform Commission’s “Notice on Carrying out Work Related to 188bet mobile and Leisure Blocks”。

Promote consumption through supply，Create new consumption with new supply，On the one hand, the 188bet mobile and leisure district must stimulate the release of demand through the enrichment and upgrading of cultural 188bet mobile consumption formats，Promote the exploration of local culture in cities through urban renewal and other models、New product supply；On the other hand, it provides more cultural, leisure and entertainment carriers for local residents，Enhance the city’s fireworks，Also provides foreign tourists with a consumption carrier with local cultural characteristics。

Continuous increase in 188bet mobile consumption，Also focus on the long term，We must also pay attention to the present。

To stimulate cultural 188bet mobile consumption potential，This year’s Guangdong Golden Autumn Cultural 188bet mobile Consumption Season will issue about 10 million yuan of subsidy coupons to benefit the people，Combined with 2021 Guangdong International 188bet mobile Industry Expo，Subsidy coupons can be used to purchase domestic travel routes、Internal travel routes in Guangdong Province、Guangdong-Hong Kong-Macao Greater Bay Area Cultural Heritage Trail、Historical and Cultural Trail、Rural 188bet mobile routes，And scenic spots in Guangdong Province、Hotel、B&B、Tickets sold by cultural institutions, etc.、Accommodation、Performance、Cultural and creative products, etc.。

How to issue coupons for cultural and 188bet mobile consumption，It has become a common practice for domestic destinations since the outbreak，It will be helpful to promote cultural 188bet mobile consumption (the extent is hard to say)，After all, there are still a huge number of people who are price-sensitive。

Sichuan chose，September-October this year，Tourists traveling to Sichuan can enjoy“Credit Travel”Deposit-free rental service，such as“Travel now, pay later，Deposit-free car rental、Stay in 188bet mobile、Rent”etc.。As understood，“Credit Travel”Model plans to reduce deposits for tourists in Sichuan Province by 10 billion yuan within three years，And will cover 80% of hotels in the province、Region、Scenic Area。

It’s a two-step process，The first is with “Credit Travel”How to promote the last golden 188bet mobile period of this year, September and October，Travel now, pay later、No deposit，It is an attraction for many consumers，Help to stimulate consumption enthusiasm；Second, try small steps first，For the future“Credit Travel”Prepare for scope expansion。

Early September this year，Notice issued by the Ministry of Culture and 188bet mobile，Proposes to carry out pilot project of credit evaluation of cultural 188bet mobile enterprises，Explore consumer services such as travel now, pay later，In the previous "“14th Five-Year Plan”Cultural and 188bet mobile Development Plan》中，Proposed“Expand credit application scenarios”、《“14th Five-Year Plan”Cultural and 188bet mobile Market Development Plan" proposes";Explore and carry out pilot work on credit economic development”Other requirements。

Pay later、Seeking to establish credit consumption models such as deposit-free，There are at least three considerations: First, to stimulate people’s enthusiasm for consumption through credit consumption (think of credit cards)，Personal credit、Enterprise credit and other mechanisms are more widely used in cultural 188bet mobile consumption，In the current context of promoting the recovery and development of the consumer market，Also important；The second is more collection of credit information data、Summary and analysis，Promote information sharing、Innovative application scenarios，Help companies with good credit, especially small, medium and micro enterprises, to increase financing facilities，At the same time, enrich the precise supply of cultural 188bet mobile products；The third is to provide more support for cultural 188bet mobile market supervision。

Innovative cultural and 188bet mobile formats

（Background reply“Hui Review Issue 98&188bet mobile;，Full version available)

Focus on new financing for a company.

September 14，“Purdue Robot”Announced the recent completion of hundreds of millions of yuan in C2 round financing，The cumulative financing amount of C1 and C2 rounds is nearly 1 billion yuan。Investors in this round include Meituan、Shenzhen Investment Capital、Sequoia China and other strategic investors。As understood，Purdue’s main products include mid-range food delivery robots“Happy delivery”、High-end food delivery robot“Bella”、A delivery robot with call notification function“Okay”、Disinfection robot“Happy 2”etc.。Their products are mainly used in restaurants、Hospital、School、Office building、Government Affairs Hall、188bet mobile、Internet cafe、KTV、Airport、Subway stations and other scenes，Cumulative sales reached tens of thousands of units。

The cultural 188bet mobile market is a typical service-oriented one、A field that emphasizes manual work，On the one hand, it is a good experience of high-quality service，On the other hand is the cost of a large amount of labor investment，Robots mainly solve the latter problem，Automation、Unmanned robot products will play a more important role in certain links of the entire consumer service chain。Although the service is humanized、There are still many problems in terms of experience and cost investment，But the application market prospects of robots，Will continue to expand，This is one of the core logics for the company to obtain new financing。