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Articles tagged “softbank”

Online Travel

Softbank to Buy Stake in South Korean Travel Startup Yanolja

Yanolja means “Hey, let’s play” in Korean. If Softbank agrees to play, the travel startup will have the capital to go on an acquisitions spree to bolster its global reach. That way it will be more likely to have a successful public listing in the U.S. later.

Sean O'Neill, Skift | 3 years ago

Softbank to Buy Stake in South Korean Travel Startup Yanolja

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.

Dennis Schaal, Skift | 3 years ago

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.

Sean O'Neill, Skift | 3 years ago

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?

Matthew Parsons, Skift | 3 years ago

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.

Matthew Parsons, Skift | 3 years ago

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.

Seth Borko and Dennis Schaal, Skift | 4 years ago

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

Ground Transport

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.

Takashi Umekawa and Anshuman Daga, Reuters | 4 years ago

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.

Xinyi Liang-Pholsena, Skift | 4 years ago

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?

Sam Nussey, Reuters | 4 years ago

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.

Sam Nussey, Reuters | 4 years ago

Oyo-Backer SoftBank Faces Tough Questions Amid Activist Investor Pressure