The expected bump in the valuation and fund-raise comes at a time when Oyo has aggressively expanded into global markets, especially in China and Europe, making it the sixth largest hotel chain in the world.
Airbnb and Ctrip say Oyo's reach in emerging markets complement their own offerings, but analysts say competition may be inevitable as the startup pushes into fields where Airbnb and Ctrip already have strong footprints.
Each holder of Fang's ordinary shares of record as of May 28, 2019 will receive one CIH's Class A ordinary share for every one of Fang's ordinary share in connection with the separation and distribution.
StayList's inventory and brand will strengthen with the added portfolio of AsiaYo, adding a whole Asian market to what StayList already offers, and give travelers a more convenient and reliable service.
CapitaLand also set up a Group Center of Excellence (COE) which will focus on “urban strategy, business communities development, retail innovation, customer services & solutions, sustainability and digital & technology”.