Tourism News Share wonderful travel information


India's dark horse hotelier Oyo to invest USD600 million in China

2019/7/21 11:00:32
India's Oravel Stays, which operates the Oyo Hotels & Homes accommodation chain has now has USD1.5 billion in assets and it is committed to diverting 40 percent of these funds towards China, the six-year-old unicorn announced today, Beijing Business Today reported.
This is not the first time Oyo, which is based in Gurgaon, in Haryana state, just outside New Delhi and which also does business under the name Oyo Rooms, has pledged to pump some serious cash into China, where it became the largest hotel chain last month, Business Insider reported.
When SoftBank, Sequoia Capital and Lightspeed Ventures jointly invested USD1 billion in Oyo in its series E funding in September the firm committed over 50 percent of proceeds to help grow its China business.
After another USD800 million flowed in from SoftBank, the hotel chain also palmed USD100 million from Chinese ride-hailer Didi Chuxing in a symbiotic relationship, since the two sectors target the same user base and are thus mutually reinforcing, Zhao Huanyan, chief knowledge officer at Shenzhen Huamei Restaurant Management Consulting, told National Business Daily.

Prev: How to make people and money in tourism market?

Next: China's Didi seeks to raise up to $2 billion amid Uber revival


Chengde Imperial Palace Hotel traffic info

Business zone:Shuangtashan Forest Park
Address:Hebei · Chende · shuangluanqu - No. 96 Binhe Avenue, Shuangluan District, Chengde, China

Chengde Imperial Palace Hotel reserve:020-86009099 (CouponCode:15365) Busy or no answer, online booking please!
Catering Entertainment:0314-4223333   Meeting room reserve

Chengde Imperial Palace Hotel address: No. 96 Binhe Avenue, Shuangluan District, Chengde, China

承德行宫大酒店Chengde Imperial Palace Hotel Sitemap

Disclaimer: We are partners of Ctrip (including Tongcheng Elong, Qunar,Zhuna, etc.), booking, Agoda and Expedia. We only provide Chengde Imperial Palace Hotel online booking service for you. Your reservation will be forwarded to the hotel by Ctrip, Tongcheng Elong and other partners. If there are problems such as liquidated damages, Tongcheng ELong or Ctrip will deduct the money and transfer it to the hotel, We are not the official website of Chengde Imperial Palace Hotel, please know.