Airbnb to shut down domestic operations in China
from Chinese tourists who frequently use it while traveling abroad. But according to sources who spoke to CNBC, Airbnb’s China segment became too complex and expensive to operate, particularly in light of the pandemic. Similar to what happened with Uber in China, a bevy of
made it tough for the American company to gain an edge. Stays in China only accounted for one percent of the platform’s revenue for the past few years.
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