Monday, December 2, 2019

Filings show Oyo had a net loss of $332M on revenue of $900M in the year through March 2019; operations in China account for ~40% of its losses worldwide (Sean O'Neill/Skift)

Sean O'Neill / Skift:
Filings show Oyo had a net loss of $332M on revenue of $900M in the year through March 2019; operations in China account for ~40% of its losses worldwide  —  Oyo has disclosed a surge in losses in documents related to its $1.5 billion in new funding.  The hospitality company claims …



from Techmeme https://ift.tt/2qbaFPv

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