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SoftBank dispatches senior executives to turn around struggling Oyo

SoftBank Group is dispatching two executives to help Oyo Hotels, one of the largest start-ups in its portfolio, right its virus-stricken business in Japan, according to people familiar with the matter.Oyo Japan, a joint venture between the Indian online hotel operator and SoftBank’s domestic telecoms unit, is creating a six-member management oversight committee to deal with the situation, the people said, asking not be identified because the details are not yet public.SoftBank executive vice…

Read the original article at South China Morning Post

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