August 26，In response to media reports this morning that OYO Hotel has completed independent financing，OYO Hotel responded to Tencent News "First Line"，Thank you for your concern for OYO Hotel，For Financing，We have no more information to disclose at this time。

According to media reports today，An investor close to OYO China disclosed，OYO China recently independently obtained US$300 million in financing，The specific 188bet app investment institution is unknown。The person said，“Investors expressed their optimism about the development of independent hotel chains in the Chinese market，And 2 that OYO promotes in the Chinese market.0 mode。”

It’s worth noting，Last half of last year，OYO received a US$1 billion investment from SoftBank，US$600 million of which is solely for the Chinese market。

It is no secret that OYO Hotels is conducting independent financing，Previously OYO Hotel CFO Li Wei also revealed in an interview with Tencent News "First Line"，OYO Hotel will definitely finance independently，Now it is an independent capital platform。An OYO hotel insider once told Tencent News "First Line"，Financing is about to be finalized，But until now, there is still no news on financing。

May this year，OYO Hotel announces implementation 2.0 mode，Subsequent operations brought about by pursuing speed in the early stage、After problems such as team management broke 188bet sports betting app download out one after another，2.The 0 mode has great expectations，at 2.In 0 mode，OYO hotels need to invest more money in single stores。At the same time，Because of the relationship with Meituan、Ctrip reaches cooperation with 2.One of the important conditions for the implementation of 0 mode，OYO Hotel invests heavily in Meituan、Ctrip reaches cooperation，End the blocked state。These actions require OYO hotels to have sufficient financial reserves。

Because of this，Whether OYO Hotel can successfully complete financing is related to its subsequent development pace。Judging from the current information，OYO hotel’s independent financing has not yet been settled。There was news that OYO Hotel’s capital chain was broken，OYO Hotel’s external statement，Sufficient funds, no money burning。

188bet app Source:Tencent, Author: Han Yimin , original title: "First line》