SoftBank Group Corp. is dispatching two executives to help Oyo Hotels — one of the largest startups in its portfolio — fix its virus-stricken business in Japan, according to people familiar with the matter.
Oyo Japan, a joint venture between the Indian online hotel operator and SoftBank’s domestic telecoms unit, is creating a six-member management oversight committee to deal with the situation, the people said, asking not be identified because the details are not yet public. SoftBank Corp. Executive Vice President Eric Gan and Lucio Di Ciaccio, an investor at SoftBank’s Vision Fund, will join a group of Oyo Japan executives on the committee including new Chief Executive Officer Ryoma Yamamoto.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.
We humbly apologize for the inconvenience.