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The Independent UK
The Independent UK
National
Via AP news wire

Airbnb ends rentals in China to focus on outbound tourists

Airbnb China Airbnb Inc Nathan Blecharczyk
Copyright 2018 The Associated Press. All rights reserved.

Airbnb Inc. announced Tuesday it will stop representing short-term rental properties in China and focus its business in the country on serving Chinese tourists looking for lodgings abroad.

Airbnb joins a series of foreign internet companies including Yahoo Inc. and eBay Inc. that pulled out of China after running into fierce local competition and regulatory barriers.

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