Chinese hotel chain Sunmei Group announced on Monday that it had received a strategic investment from Xiaomi. Lighthouse Capital served as the exclusive financial adviser for the investment.
Xiaohongshu's possible Series E, US-based food delivery company seeing a surge in contactless takeaway orders, a Chinese ed-tech startup providing online research counseling, a medical diagnostic company and a major local hotel chain.
The Indian hotel chain OYO is in the process of laying off over 5,000 employees worldwide. China will take the hardest hit due to the impact of the COVID-19.
In June 2019, OYO China, the subsidiary of the rapidly growing Indian operator of leased and franchised hotels, announced the launch of its 2.0 strategy.
