A person uses Yanolja's Y FLUX property management system in Seoul, South Korea, in this March 2021 handout image. Picture taken March 2021. Yanolja/Handout via REUTERS
SEOUL (Reuters) -SoftBank's Vision Fund has invested $1.7 billion in Yanolja, the South Korean travel and leisure firm said on Thursday, as it seeks to build on rapid pandemic-induced growth in Southeast Asia, India and Africa.
Yanolja, which provides cloud-based booking and other systems for hotels and travel companies, says demand for its systems has jumped as the spread of COVID-19 put companies under intense pressure to introduce contactless services and cut costs.
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