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Fresh setback for Oyo: SoftBank's Yahoo Japan exits apartment venture in Japan

Updated : December 20, 2019 02:09 PM IST

Oyo, also backed by SoftBank Group, said it has bought the Oyo Life shares held by Yahoo Japan, now known as Z Holdings, for an undisclosed amount.
Oyo has been forced to relax expansion targets in Japan, where it also launched a platform for hotel reservations this year and faced complaints over its booking system and unmet promises of payment for room renovations.
Fresh setback for Oyo: SoftBank's Yahoo Japan exits apartment venture in Japan
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