India's OYO Hotels acquires smaller Chinese rival Qianyu: Report

OYO in Manali, India. Photo: OYO Rooms

As part of its bid to grab a larger share of the Chinese hospitality market, Indian budget hotels chain OYO Hotels has reportedly acquired Chinese rival Qianyu.

According to a source-based report by Entracker, OYO’s first acquisition in China was completed last week. Sources cited in the report said the acquisition would help OYO accelerate its expansion in the country and gain local talent and expertise.

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