Interestingly, Softbank invested 200M$ into their largest competitor (Klook) just 2 weeks ago [0]. Seems to be in line with Vision Funds/Sons strategy of investing into several players in the same market at the same time [1]. I guess the long term goal is to become the middleman/facilitator for a large percentage of all "travel experiences" that were previously booked directly or just paid in cash at the venue. Still, that's a crazy amount of money to invest into growth (how?) and the increased valuation will make a "traditional" exit impossible (for now).
[0] https://techcrunch.com/2019/04/08/klook-raises-225m/
[1] https://www.fastcompany.com/90285552/the-most-powerful-perso...