Airbnb set to pull domestic business out of China: report ...Middle East

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Airbnb is expected to close its business operations in China amid the country's harsh COVID-19 policies and local competition, according to reports. All of mainland China’s homes and experiences on the platform would be removed by this summer, CNBC reported, citing people familiar with the decision. Airbnb, which has operated in China since 2016, will reportedly maintain an office of hundreds of employees in Beijing with a focus on Chinese travelers looking to go abroad. The company's bookings and experiences in China accounted for roughly 1 percent of Airbnb's overall revenue, the outlet added. But in China, the dominance of other apps that compete with the company coupled wit

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Last updated : 24 May 2022 clock 03:00 AM

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Airbnb set to pull domestic business out of China: report ...Middle East

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