Airbnb quitting China – media ...News

Russia Today - Economy
Airbnb quitting China – media
source : Russia Today ( News ) () 23
The rental accommodation platform has struggled with domestic competition Online accommodation booking firm Airbnb is reportedly shutting down its business in China with all mainland Chinese listings to be taken down as early as this summer. The California-based company is planning to announce the decision to its employees in the country this week, according to two sources familiar with the matter quoted by CNBC. Airbnb launched its mainland China business back in 2016, and has reportedly faced mounting competition from domestic players. The sources also said the Covid-19 pandemic had exacerbated challenges faced

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