Thursday, April 2, 2020

Oyo suspends payments to hotels; partners say clause not in contract

Oyo said in the letter that since hotel revenues have dwindled and are unlikely to improve in the next few months, it was constrained to exercise ‘force majeure’ rights https://ift.tt/2wPtETj https://ift.tt/eA8V8J
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Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...