Marked as 1st acquisition in China, OYO buys Chinese hotel Qianyu

07:30:00 AM, Wednesday 27th of March 2019 | in business

This is the first purchase of OYO in China after the firm completed transactions last week to acquire a small Chinese hotel brand Qianyu, as informed by the sources. The SoftBank-backed company has been strengthening its roots internationally, specifically in China, with the largest inventory of 3,60,000 rooms there. Qiayu seems to be a midscale hotel brand which works just like OYO does in India.