Airbnb China closes domestic unit to cut costs as it bets on border reopening

Airbnb will terminate its domestic business in China, marking the partial retreat of another Western tech giant from the country.
Like most of its peers, the home sharing titan is shifting its focus to China’s outbound business. Google, Facebook, Twitter and the likes don’t offer services to Chinese consumers but they are important advertising channels for the country’s booming export-oriented e-commerce sellers.
Airbnb is closing down its domestic home and experiences segments in China this summer and pivoting to serve the country’s growing appetite for outbound touris

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