SoftBank Group has cut the valuation of Indian hotel startup Oyo Hotels on its books by more than 20%, Bloomberg reported. The move by the Japanese investment giant, Oyo’s largest shareholder, comes as the Indian startup is preparing for an initial public offering. SoftBank’s valuation for Oyo has decreased to $2.8 billion in the quarter through June, from its previous valuation of $3.4...
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Another Major Venture Firm to Separate China Investment Partners Following U.S. Pressure
GGV Capital, a prominent venture capital firm managing $9.2 billion in assets, plans to separate its China and U.S. teams following scrutiny from lawmakers in Washington about the national security implications of the firm’s investments in Chinese artificial intelligence and semiconductor firms, according to a notice the firm sent to its investors on Thursday. The move comes a few months...
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