Oyo Hotels has cut its China staff by more than 72 percent since late 2019, according to a local news report last week, as the Softbank-backed company struggles to reach profitability less than one year after declaring itself the world’s… Read More>>
A Softbank-backed hotel platform leads the way in Mingtiandi’s roundup of Asia real estate headlines today with a report that the Indian firm plans to cut 60 percent of its workforce in China.
In other news around the region, a… Read More>>
SoftBank-backed losses lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that Masayoshi Son’s favourite budget hotel chain has reported that its net losses reached $335 million for the year ended 31 March 2019.
Just over seven months ago, India’s Oyo Hotels proclaimed itself the world’s third largest hotel. Now the Softbank-backed startup is cutting headcount in its home market by around one-fifth, as it struggles for profitability.
Valued at as much as $10… Read More>>
Asia’s real estate professionals are starting 2020 with a flurry of new roles as the mis-adventures of Japanese venture capital firm SoftBank help drive the largest portion of Mingtiandi’s list of job switches from around the region. In India, Oyo… Read More>>
A Softbank-backed hotel chain leads Mingtiandi’s roundup of real estate headlines today with the news that hostile hostelry owners had stormed the startup’s Shanghai office in an attempt to collect overdue payments.
In other news around the region, the average… Read More>>
A disgraced property tycoon leads the way in Mingtiandi’s roundup of real estate headlines today with the news that, nine months after completing a prison sentence for bribery, the real estate mogul is returning to the family business.
In this week’s edition of People in the News, China developer China Resources Land loses a vice president to Sichuan Languang Development, while Softbank-backed hospitality startup Oyo has brought on board a former McKinsey & Co partner as its COO… Read More>>
A London office deal leads the way in Mingtiandi’s roundup of Asia real estate headlines with the news that a Hong Kong-based firm has made its debut buy in the Brexit-encumbered city.
In other news around the region, a Canada-headquartered… Read More>>
In this week’s edition of People in the News, Cushman & Wakefield has poached a CBRE executive director to lead its industrial and logistics business in Singapore, while the real estate investment arm of a European insurance titan has hired… Read More>>