China limits number of rides drivers can offer through car-pooling services
A Didi Chuxing representative said that the market leader will limit the daily number of rides drivers can offer on Hitch according to guidelines of cities where the service operates.
After WeWork, SoftBank’s startup accounting model under fire. Oyo raises eyebrows
The Vision Fund put $250 million into Oyo in 2017 and led a...
SoftBank’s Son defiant as WeWork triggers $6.5 billion loss
SoftBank recorded an operating loss of 704.4 billion yen ($6.5 billion) after wri...
How SoftBank’s Masayoshi Son became poorer by $6 billion
The Vision Fund is believed to be planning to swallow a charge of at least $5 billion.
Uber’s CEO vows to tackle those losses, with help from India
Khosrowshahi says Uber will continue to invest there, and is confident his team can build products that fit not just the Indian market but could also be exported to growth regions of the next decade from the Middle East to Africa.
SoftBank needs a different IPO after WeWork slip
SoftBank, like most pre-IPO investors, is generally locked in and can’t cash out that profit for at least a year.
Oyo founder’s $1.5 billion stock buyback plan gets CCI nod
Ritesh Agarwal plans to undertake a $1.5 bn stock buyback, & pump in an additional $500 mn into OYO.
SoftBank looks to move on with Indian mobility sector
After ride hailing, firm makes inroads into rentals, autonomous driving.
SoftBank's Son puts Vision Fund's Paytm, Grab, Oyo in spotlight
SoftBank Group Corp.’s $100 billion Vision Fund has 82 companies in its portfolio who delve into areas from satellites and autonomous driving to chips and cancer detection.
Accor in advanced talks to invest up to $40 million in Treebo
The potential investment is expected to give Treebo a post-money valuation of $205-240 million and is likely to be part of a future larger round
Uber's IPO filing answers leaves one big question
A decade after the Uber app first went online and rammed its way into nearly every major city on earth, economists still have no idea what it’s doing to the labor market
Oyo gets $100 million from China’s ride-hailing giant Didi Chuxing
This investment brings to a close Oyo’s $1 billion financing round, valuing it at $5 billion.
Airbnb checks into Oyo with $75 m in tow
The investment brings to an end Oyo’s nearly $1.1-billion Series-E funding round that saw participation from SoftBank Vision Fund, Didi Chuxing and Grab.
Oyo and Softbank form JV to launch hotels business in Japan
Oyo to hold 50% while Softbank & its Vision Fund will own 25% each.
China’s Didi Chuxing may back Oyo
Some investors like Didi and shared office startup WeWork have opted to only back the company’s Chinese subsidiary.
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