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Michael Cohen

Why Is Airbnb Exiting The Chinese Domestic Market?

Airbnb CNBC ABNB Airbnb Inc China Nasdaq

Sources tell CNBC that Airbnb Inc (NASDAQ:ABNB) is shutting down its domestic business in China.

What Happened: According to two sources, the company plans to remove all of its listings in China by this summer, CNBC reports. Employees of Airbnb in China will be informed of the decision as early as Tuesday morning.

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One subscription that gives you access to news from hundreds of sites

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