Beijing (AP) – Airbnb Inc. announced on Tuesday that it will stop short-term property leasing in China and focus its operations in the country on serving Chinese tourists seeking accommodation abroad.
Airbnb has joined several foreign internet companies, including Yahoo Inc. and eBay Inc., which emerged from China as a result of intense local competition and regulatory barriers.
“We made the difficult decision to redirect our efforts to travel to China and suspend our homes and host the China experience from July 30, 2022,” said Nathan Blecharchik, Chief Strategy Officer of Airbnb China. On his social account.
According to Blecharchik, the owners represented by Airbnb have had more than 25 million visitors since 2016.
The Chinese government has banned foreign tourists from visiting since there was a pandemic in early 2020 and told the Chinese company to avoid traveling abroad, which is not necessary for business or study.
Source: Huffpost
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