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GlobalData: OYO Downsizing Highlights Risk with Rapid Growth

INTERNATIONAL REPORT—Following the news that OYO’s growth strategy is currently being re-evaluated due to questions surrounding its ability to become profitable. Ralph Hollister, analyst,
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Airbnb Readies for IPO in 2020

SAN FRANCISCO—Airbnb Inc. revealed that it expects to become a publicly-traded company during 2020. A specific timeline for the initial public offering (IPO) was
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GreenTree Invests in New Century Hotel Management IPO

SHANGHAI—GreenTree Hospitality Group Ltd. has subscribed shares in Zhejiang New Century Hotel Management Co. Ltd. in its global offering (IPO) for a total amount
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Airbnb Names Former Amazon Exec as CFO, Books $1B in Revenue

NEW YORK—Airbnb has named former Amazon executive Dave Stephenson as its new CFO and recognized “substantially more than $1 billion in revenue” as the home-sharing platform
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