News > Airbnb announces China retreat

Airbnb announces China retreat

Tech Observer | 27/05/2022 06:45 PM | Click to read full article

With the US- China relations sagging almost to its lowest levels, Global Vacation rental firm Airbnb Inc has started winding up operations in one of its biggest markets in Asia.

The company has said that it will shut down all listings and experiences in mainland China from July 30. The company made the announcement in a letter posted to its official WeChat account addressed to its Chinese users without elaborating on the reasons behind the decision.