China Fishery Group Ltd

What China Fishery Group Ltd does

QH88 operates as a multi-product online gambling and betting platform accessed via the chinafisherygroup.com web domain and dedicated Android and iOS applications. The platform is headquartered in Manila, Philippines, was established in 2012 under the OKVIP diversified conglomerate, and expanded into the Vietnamese market in 2015. Its product portfolio spans live-dealer casino (Baccarat and other table games streamed in HD), sports betting across football, tennis, basketball, motorsports and eSports (including CS:GO), online lottery products with payout ratios up to 1:99, slot games with RTPs of 95–98%, and H5 fish-shooting arcade games. The platform holds an international gaming license from the Isle of Man Gaming Supervision Commission and reports a registered user base of more than 10 million members supported by 200+ customer service staff.

Underlying technology is a web-based interface backed by native mobile applications optimized for low storage and stable streaming; HD live-casino feeds and QR-code deposit flows integrate Vietnamese payment rails including MoMo e-wallet and domestic bank transfers (minimum 100,000 VND, maximum 5 billion VND per transaction). The business model is a transaction-fee / house-edge take-rate across all verticals, supplemented by deposit-match bonuses (e.g., up to 18,888K on first deposit) and referral incentives. Go-to-market is digital-first: Vietnamese-language SEO content (game guides, betting tutorials), affiliate and referral programs, brand-ambassador marketing (Roberto Carlos), and official sports sponsorship (Villarreal CF, La Liga) drive top-of-funnel acquisition to a self-service registration and deposit funnel.

The customer segments served are individual retail gamblers across Southeast Asia — primarily Vietnamese sports bettors, casino players, lottery players, and casual mobile arcade users — with no disclosed B2B or enterprise customer base. The platform monetizes through the spread on sports odds, house edge on casino and slots, and odds ratios on lottery products, with operating geographies disclosed as Philippines and Vietnam and no global footprint claim.

Name

China Fishery Group Ltd

Legal name

Qh88

Website

https://chinafisherygroup.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

QH88 is an online gambling platform operating under the OKVIP conglomerate, offering live-dealer casino, sports betting, lottery, slots, and fish-shooting games to retail customers in Vietnam and the Philippines via web and mobile apps.

Ownership category

akta.pro rank

Product category

Online Gambling and Betting Services

NAICS

Gambling Industries (7132), Other Gambling Industries (713290)

akta.pro primary industry

Real-Money Online Casino Operators (RNG Slots & Table Games) (MPAEABAA)

Keywords

• Online gambling platform
• Sports betting
• Live casino games
• Online lottery
• Slot games

Headquarters

HQ city

Sai Wan

HQ country

Hong Kong SAR China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Sports Betting: The platform charges a margin/spread on sports betting odds across football, tennis, basketball and other sports. Users place bets and the house takes a percentage from the odds differential.
2. Online Casino: Casino games including Baccarat, with the house taking a percentage from each betting round. Multiple game halls with different betting limits and rules.
3. Lottery and Number Games: Lottery products including lode, lottery VIP, and number prediction games. Payout ratio of 1 to 99 for certain lottery bets.
4. Slot Games: Slot machine games with jackpot accumulation. Revenue comes from house edge on slot game wagers with RTP ranging from 95% to 98%.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

China Fishery Group Ltd operates the QH88 online gambling platform, a digital entertainment venue where users register, deposit funds, and place bets on live dealer casino games, sports events, lottery draws, slot machines, and fish shooting arcade games. The platform is accessible via web browser and native Android/iOS applications, with localized payment support for Vietnamese customers and an international Isle of Man gaming license.

Product overview

QH88 is a comprehensive online gambling and betting platform operated by China Fishery Group Ltd. The platform offers a multi-product portfolio including Casino (live dealer games), Sports Betting (covering football, tennis, basketball, and esports), Lottery, Slot Games (Nổ Hũ), and Fish Shooting Games (Bắn Cá). Additional offerings include 1-Handicap betting, dice shaking games, and CS:GO eSports betting. The platform is accessible via web browser and dedicated mobile applications for Android and iOS, with integrated payment support for MoMo e-wallet and domestic bank transfers.

Differentiator

Problem solved

Functional benefit

Products and services

• Casino QH88 (Live Dealer Casino) Online live dealer casino offering multiple game rooms (e.g., Q class, Baccarat) with HD video streaming, real-time betting, and professional dealers, targeting online gambling consumers.
• Sports Betting QH88 Online sportsbook covering football, tennis, basketball, volleyball, baseball, golf, motorsports, and esports with competitive odds and live betting options for sports betting consumers.
• Lottery (Xổ Số) QH88 Online lottery platform offering 3-region lottery, instant lottery, VIP lottery, and Mega 6/45 with payout ratio up to 1:99, for lottery players.
• Slot Games (Nổ Hũ) QH88 Online slot games with various themes (diamond, fruits, mythology), featuring progressive jackpots and RTP rates of 95-98%, for slot game enthusiasts.
• Fish Shooting Games (Bắn Cá) QH88 H5-based fish shooting arcade game with diverse weapons, modern graphics, sound effects, and cash redemption mechanism, targeting casual arcade game players.
• 1-Handicap Betting (Kèo 1 Trái) QH88 Asian handicap betting option where the stronger team gives a 1-goal advantage to the weaker team, offered within the QH88 sportsbook for football bettors.
• Dice Shaking Game (Xóc Đĩa) QH88 Traditional Vietnamese dice shaking game with fair play mechanics and real-time betting, offered within the QH88 casino vertical for casino game players.
• CS:GO eSports Betting QH88 eSports betting platform for Counter-Strike: Global Offensive matches, offering match winner, handicap, total rounds, and first blood betting options, for eSports bettors.
• QH88 Mobile App Mobile application for Android and iOS devices enabling users to access all QH88 betting services with optimized performance, push notifications, and low storage footprint.

Quantifiable outcome

• Payout ratio of 1:99 for lottery bets
• +3 more outcomes

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Partnerships

Three partnerships are on record, tiered flagship and core.

• Roberto CarlosflagshipGTM or Marketing PartnerFormer Brazilian football legend serving as brand ambassador for QH88. His endorsement provides brand credibility and recognition, particularly among football fans in Asian markets.
• Villarreal CFflagshipGTM or Marketing PartnerSpanish football club from La Liga that serves as official partner of QH88. The partnership provides marketing exposure and brand association with professional football.
• Isle of Man Gaming SupervisioncoreOthersInternational regulatory body that issued gaming license to QH88, providing legitimacy and regulatory oversight for the platform's operations.

Scale indicators5 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• M88 / Mansion88: Direct peer: Asia-focused online sportsbook and casino brand with comparable product suite targeting Vietnamese and broader Asian markets.
• W88: Direct peer: online gambling operator heavily focused on Vietnamese and Southeast Asian customers, with sports betting, live casino, slots, and lottery — overlapping product portfolio and GTM.
• 188Bet: Direct peer: online gambling operator with sportsbook, casino, and slots; serves Asian markets including Vietnam with similar platform structure.
• BK8: Direct peer: Southeast Asia-targeted online gambling platform with sportsbook, live casino, and slots; competing for the same Vietnamese customer segment with comparable product offerings.
• OKBet (OKVIP sister brand): Direct peer: another brand under the OKVIP conglomerate offering sports betting and casino to Asian markets — sibling brand with shared financial backing and overlapping operations.
• Dafabet: Direct peer: long-established Asian online gambling operator offering sports betting, casino, and poker with multi-product platform and regional focus overlapping with QH88.
• Fun88: Direct peer: Asia-focused online gambling operator offering sports betting, casino, slots, and lottery to Vietnamese, Thai, and other Southeast Asian markets — same product mix and customer base as QH88.
• SBOBet: Direct peer: Asian-focused online sportsbook and casino operator with multi-product offering targeting similar Southeast Asian customer base.

Broad incumbents

• Betway: Broad incumbent: established global online gambling operator with sportsbook and casino across multiple geographies — overlapping product set but with broader international focus than QH88's regional concentration.
• Bet365: Broad incumbent: global online gambling leader with comprehensive sportsbook and casino — overlaps on product categories but operates globally rather than specializing in SEA like QH88.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/cfgperu
• LinkedInlinkedin.com/company/china-fishery-group

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about China Fishery Group Ltd