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Airbnb withdraws from China and will now focus on outbound tourists

BEIJING (AP) — Airbnb Inc. said Tuesday it will stop representing short-term rental properties in China and focus its business in the country on serving Chinese tourists looking for accommodation overseas. .

Airbnb joins a string of foreign internet companies, including Yahoo Inc. and eBay Inc., that pulled out of China after facing stiff local competition and regulatory hurdles.

“We have made the difficult decision to refocus our efforts in China on outbound travel and to suspend our homes and guest experiences in China, effective July 30, 2022,” said the Chief Strategy Officer. Airbnb China, Nathan Blecharczyk, in a statement. on his social media account.

Landlords represented by Airbnb have recorded more than 25 million guest arrivals since 2016, according to Blecharczyk’s statement.

The Chinese government has blocked foreign tourists from visiting since the pandemic hit in early 2020 and has told the Chinese public to avoid overseas trips that are not essential for business or study.

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