Indian online hospitality company Oyo has forayed into China to expand globally.
As part of the expansion, Oyo has opened eight hotels and also hired around 60-70 employees to run the operations, as reported by Economic Times.
The news follows Shanghai-based hotel group, China Lodging Group's decision to come on board as an investor in Oyo eight months ago. According to Economic Times, the SoftBank-backed Oyo received funding estimated to be around $10m.
Oyo earlier also bought Chennai-based service apartment operator Novascotia Boutique Homes for an estimated $1m.
Apart from China, Oyo has already launched operations in Jakarta, Malaysia and Nepal.