2022.6.17
Airbnb,a home rental company, will shut down its local business in China after struggling to compete with other local home rental services that charge lower fees and less per night on average.The pandemic and China’s “zero-COVID” policy, which sent millions into strict lockdown, further compounded Airbnb’s challenge.Airbnb’s move shows a growing divide between China’s internet and that of the rest of the world. Many U.S. internet companies have left China. Right now, Airbnb is the last remaining