Search results for “OYO”
Will OYO shut down unprofitable businesses with SoftBank’s deadline?
01/08/2020|3:20:03 PM|
About 8,000 hotels that OYO runs under franchised arrangements are not a part of these targets.
Lightspeed, Sequoia rake in $400m profit from OYO share sale
12/23/2019|5:43:55 PM|
Lightspeed made a profit of about $250 million from the sale while executives at Sequoia have taken home around $150 million.
Inside OYO - 'high pressure' breaks a promising startup brand
01/17/2020|12:52:37 AM|
Growth at all costs is not a great strategy.
SoftBank-backed OYO firing thousands across China and India
01/15/2020|2:36:07 PM|
The Indian startup is said to have dismissed 1,800 staff.
OYO projects losses in China, India until 2022
11/28/2019|9:52:12 AM|
OYO’s China unit could post a $394.9 million profit in 2022, which could then grow to $1.65 billion by 2024, the projections showed, implying a four-fold jump in net profit in two years.
OYO CEO claims backer SoftBank isn’t trying to sway its hotel strategy
11/12/2019|6:09:30 PM|
OYO has cut its losses “by almost 50 percent year over year” according to its CEO.
OYO, Jin Jiang lead Asia Pacific hotel supply and growth
11/04/2019|2:45:19 PM|
OYO’s Asia-Pacific portfolio covers 952,495 rooms and as of June, the company had 500,000 rooms across 10,000 hotels in China alone.
The SoftBank effect: how $100 billion left workers in a hole
01/03/2020|4:21:54 PM|
When SoftBank changed its tune on growth, the companies used SoftBank’s cash often slashed or reneged on their incentives.
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