Tencent Holdings Ltd. is in talks to lead a financing round of between US$300 million to US$500 million in Indian budget hotel brand Oyo Rooms, according to Indian media insiders. The round will value Oyo at over US$2 billion, according to the report. Both Oyo and Tencent said they dont comment on market rumors. Oyo partners with budget hotels, including guesthouses and low ranking hotels, and standardlize their rooms and services under Oyo’s brand name. About 90% of the company’s …

Tencent Reportedly In Talks To Invest Up To $500M In Indian Budget Hotel Oyo Rooms appeared first on China Money Network.