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Business

Oyo to launch hotel business in Japan

Indian unicorn announces joint venture with SoftBank

An Oyo hotel in Noida, near New Delhi. (Photo by Akira Kodaka)

TOKYO -- Indian hotel startup Oyo said on Thursday that it had established a joint venture with SoftBank Corp. to launch a hotel business in Japan.

Oyo labels itself as one of the world's largest hotel chains with more than 500,000 rooms under management. It oversees a network of budget hotels that allows owners to use Oyo's data-driven management system to boost efficiency.

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