Softbank Chief Masayoshi Son Calls OYO Hotels A ‘Next Generation Company’ And Reiterates His Commitment To India
After being part of four funding rounds worth $512 Mn in OYO Hotels since August 2015, suddenly SoftBank seems to be putting all its hopes on this Gurugram-based hotel room aggregation company, which is expanding its presence in China.
Speaking at the Tokyo-headquartered Softbank’s 38th annual general meeting on Wednesday, the group’s chairman and chief executive Masayoshi Son called OYO Hotels a “next generation hotel company using the Internet service”. Son also revealed his plans to support OYO Hotels in its foray into China through a joint venture.