July 18, 2017，For the purpose of joint venture with Alibaba 188bet sports betting app download，Marriott International Holdings registered and established a wholly-owned subsidiary, 188bet sports betting app download Ease International (hereinafter referred to as the target company or joint venture)。August 1, 2017，All parties to the transaction signed the agreement，Alibaba 188bet sports betting app download and Marriott International Holdings respectively hold equity interests in the joint venture，Implement joint control，Centralized implementation completed on the same day。The main business of the joint venture is to operate and manage Marriott hotel stores on the Alibaba 188bet sports betting app download platform。

Not declared in accordance with the law before this，Violation of Article 21 of the Anti-Monopoly Law，Concentration of business operators constituting illegal implementation。August 12, 2021，The State Administration for Market Regulation launched an investigation into the newly established joint venture between Alibaba 188bet sports betting app download Holdings Co., Ltd. and Marriott International Holdings Inc. for allegedly failing to declare and illegally implement concentration of undertakings in accordance with the law。November 18, 2021，According to relevant laws and regulations，Based on the above investigation and assessment conclusion，The State Administration for Market Regulation decided to grant Ali 188bet sports betting app download separately、Administrative penalty of 500,000 yuan fine from Marriott International Holdings。(Poster News)