ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
SoftBank

SoftBank and Oyo Japan work together 'seriously' to turn profit

'We are more involved' to put hotel startup on track, mobile company's CEO says

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

TOKYO -- The head of SoftBank Group's Japanese mobile unit on Friday said it was deepening its involvement in Indian startup Oyo's hotel business in Japan, with a focus on profitability.

SoftBank has a 25% stake in Oyo Hotels Japan, the Japanese joint venture. Since its launch last year, the business has been hit by disputes between hotel owners and a significant shortfall in its sales target.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more