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Airbnb to Quit China Business as Harsh Lockdowns, Competition Weigh on Demand

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Airbnb will suspend its domestic business in China but continue to serve Chinese travelers booking in other countries

plans to close its domestic business in China after harsh Covid-19 lockdowns compounded the pain from mounting local competition, according to people familiar with its decision. Bookings of stays and experiences in China typically account for about 1% of Airbnb’s overall revenue, the people said.

 

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