• Yanolja gets backing

South Korean online booking platform Yanolja has received USD180m funding from investor GIC and Booking.com. The move gives Yanolja a USD1bn valuation, ahead of a 2020 IPO, reports Reuters.

Yanolja started out providing short term bookings in Asian love hotels. It now lists a broader range of accommodation, and co-lists properties with Booking’s Agoda brand.

Read the full story here:

https://uk.reuters.com/article/us-southkorea-yanolja-investment-exclusi/south-korean-firm-yanolja-that-reinvented-love-hotels-gets-booking-gic-funding-idUKKCN1TB2JX

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