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Grab’s $100 million investment in budget hotel chain OYO reveals SoftBank’s firm hand
12/11/2018
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3:12:32 PM
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In Southeast Asia, SoftBank has tasked Grab’s CEO Anthony Tan to form joint ventures with a handful of portfolio companies to help those startups break into the region.
Travel startups are taking off
11/16/2018
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2:09:19 PM
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Travel companies, which are reliant upon a consumer’s tendency to spend excess cash, will be among the first sectors to be impacted by hostile economic conditions.
In-room smartphone supplier Tink Labs raises $300 million
11/12/2018
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11:32:35 AM
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The startup is in the final stages of completing the deal that could give its six-year-old business a post-money valuation of at least $1.5 billion, two sources told TechCrunch .
Tujia targets 15 billion yuan in GMV by 2019
11/05/2018
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10:50:28 AM
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The short term rental category in China is “burning” a lot of money at this stage. But, as Tujia’s CFO Warren Wang points out, things are expected to change considerably for the company over a period of next two years.
Meituan realigns hotel & travel units, Alibaba and JD.com embark on hotels, and more
11/05/2018
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10:49:13 AM
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Meituan Dianping has restructured its organizations and repositioned its hotel & travel businesses, Alibaba and JD.com made moves into the hotel sector and Didi will likely follow suit.
Ctrip embarks on hotel operation, Xiaozhu gets $300 million funding, and more
10/18/2018
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8:22:02 AM
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High-speed railway passenger volume increased by more than 50% year-on-year during China’s National Day holiday, Airbnb rival Xiaozhu has pocketed $300 million for beefing up security and services.
China's Airbnb Xiaozhu.com lands nearly $300 million to enhance security and service
10/10/2018
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11:15:13 AM
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Jack Ma’s Yunfeng Capital and AdvanTech Capital were the lead investors, while GIC Private, Joy Capital, Morningside Venture Capital and Capital Today also joined the investment.
OYO Hotels raises $1 billion to fund overseas push
09/25/2018
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10:30:44 AM
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Existing investors including SoftBank Vision Fund, Sequoia Capital and Lightspeed Venture Partners have put in $800 million, with commitments for another $200 million.
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