Oyo Japan company in difficult situation

Softbank is an investor in Oyo. In order to help its investors, Softbank sent two executives to Oyo Japan. In Japan, because of the impact of the new crown, Oyo business has been hit, Softbank hopes the two executives can play a positive role. In order to cope with the new situation, they set up a committee with 6 members. Eric Gan, executive vice president of Softbank, and Lucio di ciaccio, an investor in Softbank’s vision fund, will form a committee with Oyo Japan’s top executives, including Ryoma Yamamoto, the new CEO of Oyo Japan. < / P > < p > as we all know, Softbank has invested in many enterprises, some of which have been seriously impacted. Oyo is one of them. In response to the new situation, Oyo reduced its Japanese business, such as closing the provincial central office at the end of June, and preparing to reduce the size of its Tokyo headquarters. In addition, under the direction of the new leader, Oyo also merged the hotel reservation department and apartment rental department. < / P > < p > at a meeting on August 3, Oyo Japan announced the establishment of a committee, attended by Ken Miyauchi, CEO of Softbank, for the first time. According to media reports, there were 600 employees in Oyo Japan in October last year, and now it has been reduced to 150. Employees are either forced to take leave or transfer to Softbank. Although supported by sun Zhengyi, the development of Oyo Japan company is not smooth. Due to technical problems and hotel opposition, Oyo Japan was unable to achieve its original goal. In June, only 2600 overseas tourists went to Japan, down 99.9% year on year. Japan’s domestic tourism industry was also depressed in April and may.