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Articles tagged “softbank”

Online Travel

When an Iconic 20-Year Online Travel Veteran Leaves the Booking Board

The online travel industry focuses on every move or utterance from Airbnb and its CEO Brian Chesky. Not that Booking Holdings is an after-thought these days, but before Airbnb there was Priceline, Booking.com, and the Group's boss, Jeffery Boyd. Building blocks, certainly.

When an Iconic 20-Year Online Travel Veteran Leaves the Booking Board

Online Travel

Klook Raises $200 Million in Bid to Become a Superapp for Experiences

Klook is winning investor confidence during the pandemic. The online agency is tapping into domestic leisure spending in several Asian markets while aspiring to copy some moves from Chinese superapp Meituan by providing more business-to-business services, too.

Klook Raises $200 Million in Bid to Become a Superapp for Experiences

Business Travel

Do Bill Gates’ Business Travel Predictions Make Any Sense?

Will soundbites like "Zoom parties every day, every night" and other headline-grabbing quotes influence perceptions of the value of business travel, or do we take them with a pinch of salt?

Do Bill Gates’ Business Travel Predictions Make Any Sense?

Business Travel

A Superapp Betting on Corporate Travel During a Pandemic

Latin America's Rappi now offers business travel alongside things like takeaways, pet food and furniture. It doesn’t sound like a winning combination, but different parts of the world have different appetites for digitization.

A Superapp Betting on Corporate Travel During a Pandemic

Coronavirus

Oyo’s Post-Coronavirus Valuation Could Fall to Around $6 Billion

Numerous travel companies, private and public, have seen their valuations taken down a peg by coronavirus. But Oyo's China business, where it fields about 60 percent of its rooms, and its ongoing operational problems in other regions exacerbate its likely valuation decline.

Oyo’s Post-Coronavirus Valuation Could Fall to Around $6 Billion

Online Travel

Grab Nabs $856 Million From Japanese Investors Amid Merger Speculation With Rival Gojek

Whether rumors of a merger with rival Gojek will become a fact remain to be seen, but the latest fund injection Grab received for its payment services war chest is a clear boost for its valuation.

Grab Nabs $856 Million From Japanese Investors Amid Merger Speculation With Rival Gojek

Hotels

Oyo’s Annual Losses Ballooned to $335 Million in 2019

Oyo appears to be taking its once-explosive global expansion strategy down a few notches, and that could be a good thing for the young company in the face of still-uncertain impacts from the coronavirus and the reputational damage it recently suffered. These losses aren't pretty.

Oyo’s Annual Losses Ballooned to $335 Million in 2019

Online Travel

Oyo Investor SoftBank Hit by Another Earnings Setback as Profit Plummets

SoftBank founder Masayoshi Son's strategy of investing heavily in headline-grabbing startups is certainly risky. Will investors continue to back him?

Oyo Investor SoftBank Hit by Another Earnings Setback as Profit Plummets

Hotels

Oyo-Backer SoftBank Faces Tough Questions Amid Activist Investor Pressure

An expected operating profit of $3.1 billion doesn't sound too bad, but questions over SoftBank's future remain. One of its priorities will be overseeing a turnaround at Oyo.

Oyo-Backer SoftBank Faces Tough Questions Amid Activist Investor Pressure

Hotels

The Story of Oyo’s Troubles Is the Story of Modern India

What’s happening with Oyo cannot be looked at separately from the modern Indian milieu that gave birth to it, and in which it operates. Oyo now needs to rise above that legacy and bring in the global business practices that ensure it survives and thrives in the future.

The Story of Oyo’s Troubles Is the Story of Modern India