Airbnb is closing its domestic business in China, sources say

Key points from the article.

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• All mainland Chinese listings — homes and experiences — will be taken down by this summer, but Airbnb will continue to maintain an office in the country to focus on outbound travel.
• Airbnb formally launched its mainland China business in 2016 and has faced mounting competition from domestic players.
• Stays in China have accounted for approximately 1% of revenue for the last few years.