#oyos

SoftBank’s Yahoo Japan Exits Oyo’s Japan Apartment Venture

SoftBank-controlled Yahoo Japan has pulled out of a Japanese apartment rental venture with Oyo Hotels and Homes, in the latest setback for the loss-making Indian startup.

Yahoo Japan said it exited the venture Oyo Life, in which it had a 33.9 perent stake, to focus on other initiatives. The Internet firm has led a wave of consolidation in Japan this year, buying online fashion retailer Zozo and…