Legal & compliance China-facing lottery solutions provider 500.com has announced that its The Multi Group (TMG) subsidiary has temporarily suspended operations in Sweden after failing to renew its licence.Malta-based TMG had been operating its MultiLotto lottery betting brand in Sweden under a year-long licence, but did not renew the permit before its expiration.However, 500.com said TMG is in close communication with Spelinspektionen, the national gambling regulator in Sweden, with a view to renewing its licence as soon as possible.TMG said it expects to renew its licence and resume operations in the country by mid-February.500.com expects TMG’s contribution to group revenue during the first quarter of 2020 to be both materially and adversely impacted by the suspension of operations in Sweden.TMG revenue accounted for approximately 99.1% of 500.com’s total net revenue for the third quarter of 2019, of which around 61.3% was generated in Sweden. The business was acquired in a €49.8m deal in May 2017. In November 2019, 500.com reported a 67.6% year-on-year decline in third quarter revenue, blaming the decline in part on issues related to the migration to a new website in Sweden.The suspension will comes after 500.com last week revealed that its chief executive had stood aside over accusations of bribery in Japan.500.com said that Zhengming Pan, its director and chief executive, requested to temporarily step away from his positions until the conclusion of an internal investigation into alleged illegal money transfers related to the development of integrated resorts in Japan.500.com has formed a special investigation committee to consider its conduct in Japan and the role played by consultants following the arrest of one consultant, who was also a former director of the company’s subsidiary in Japan, and two former consultants by the Tokyo District Public Prosecutors Office. Multilotto halts Swedish activity after licence expires Tags: Online Gambling Email Address Regions: Europe Nordics Sweden Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Legal & compliance Strategy China-facing lottery solutions provider 500.com has announced that its The Multi Group (TMG) subsidiary has temporarily suspended operations in Sweden after failing to renew its licence. 8th January 2020 | By contenteditor
review: 40.3% of the users in the online shopping fakes, "bear", no complaints.
e-commerce has become a successful case of the Internet to transform people’s way of life, and continues to expand its influence. But when people enjoy the convenience of online shopping at the same time, the quality of goods is hidden like a ghost in this full of vigour in the industry.
have you ever bought a product that is not up to date? Is it inconsistent with your expectations, or is it really a quality problem?
about fifty thousand Chinese Internet users participated in the survey initiated by Penguin smart cool, and carefully filled out the questionnaire about their own online shopping experience of the 9. We hope that through this investigation, to draw a valuable map of the status quo of China’s online shopping.
3/4 groups often online shopping, dissatisfaction rate is higher
in the absence of a sample of the experience of online shopping, we made an analysis of the 38026 Chinese online shopping users precise questionnaire. In the online shopping frequency survey, 74.4% of users said regular online shopping, accounting for nearly 3/4.
survey results show that in the online shopping group, heavy users accounted for more than we expected. This is also consistent with the sticky law of online shopping – that the user is familiar with the operating process after the first online shopping, after handling the relevant payment tools, it is easy to form a continuous online shopping habits.
although the stickiness of online shopping users better, but we are not optimistic about the experience of online shopping. For online shopping is not satisfied with the goods meet the situation of this problem, 46.2% of users said that their online shopping, online shopping is not satisfied with the probability of more than 20%, five times each buy goods will meet at least 1 times are not satisfied with the situation.
said users who had never met with unsatisfactory conditions accounted for only 3%. Even with the occasional encounter unsatisfactory phenomenon, the proportion of the sample (20.4%), the overall satisfaction of consumers of online shopping products, did not exceed 1/4.
note: online shopping is not necessarily not satisfied with the fake or deception, the psychological expectations of goods and customer gap, will lead to dissatisfaction with the situation. This will be a more detailed investigation in the post.
imitation is the first online shopping, shop and exaggerated description of
to clarify the overall attitude of Chinese Internet users to online shopping, an important task is to clarify the specific root causes of online shopping is not satisfied. Penguin wisdom cool survey shows that nearly half (49.3%) of online shopping users will be poor product quality, as the first choice for the phenomenon of online shopping is not satisfied.
surprisingly, in the survey of online shopping is not satisfied with the survey, ranked second