Chinese media giant Tencent to invest in Indian budget hotel start-up OYO Rooms

Chinese media giant Tencent to invest in Indian budget hotel start-up OYO Rooms

Tencent Holdings Ltd. is in talks to lead a financing round of between US$300 million to US$500 million in Indian budget hotel brand OYO Rooms, valuing OYO at over US$2 billion, according to a media report.

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Source: traveldailymedia