Early December，Xinjiang’s first industrial investment fund with 188bet sports betting and mass consumption as its main investment direction——Xinjiang 188bet sports betting and Consumption Development Investment Fund completed registration with Asset Management Association of China。

September this year，Xinjiang 188bet sports betting Development Fund was established by Xinjiang Xinlv Capital Management Co., Ltd. as the fund manager。The first phase of investment was provided by Xinjiang 188bet sports betting Investment Group、Xinjiang state-owned capital industrial investment fund jointly paid，It is the first investment fund in Xinjiang with the 188bet sports betting industry as its main investment direction。

The total size of the fund is 500 million yuan，Adopt the organizational form of limited partnership，Fund duration 7 years，Adopt project direct investment、Multiple models such as sub-funds and parent funds，Operate according to market rules，At the same time, the guiding role of state-owned capital will be fully utilized in the later period，Continue to introduce state-owned funds from various municipalities in Xinjiang、Bank、High-quality private enterprises and other social capital to increase their scale，Plan“14th Five-Year Plan”Completed fund scale of 3 billion to 5 billion during the period，Through the power of finance and capital，Promote the high-quality development of Xinjiang’s 188bet sports betting industry。