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Coronavirus hits another SoftBank star as Oyo furloughs thousands of workers

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With travel at a standstill, hotel rooms empty and losses rising, Oyo is struggling to survive the Covid-19 pandemic.

Tokyo

JUST nine months ago, Masayoshi Son publicly declared Ritesh Agarwal one of the star entrepreneurs backed by his SoftBank Group.

The Japanese billionaire boasted that Mr Agarwal's Oyo Hotels & Homes was poised to overtake the biggest hotel chains in the world just a few...

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