Airbnb closes its business in China, removing 150,000 listings

Airbnb, a home rental company, plans to close its home businesses in China, in a further sign of the internet decoupling between China and much of the rest of the world.

Airbnb, which has been operating in China since 2016, is pulling out of the country after struggling to compete with local “superapps” that charge lower and lower rates per night on average than other regions, a person familiar with the situation said. The pandemic exacerbated Airbnb’s business problems, said the person, like China “zero-Covid policy “. it has sent millions of people into a strict blockade.

Airbnb’s move highlights a growing gap between China’s internet and that of the rest of the world. Many US Internet companies left China after Beijing emphasized domestic activities, exercised censorship, and made other demands on companies. LinkedIn, the only US social network left to operate in China, withdrew from the country in October, citing a lack of success with its social media and information features. Airbnb is the last major US Internet company left in China.

San Francisco-based Airbnb will continue to run a business serving Chinese tourists traveling outside of China, the person familiar with the situation said. It will keep its Beijing office open with a few hundred employees, the person added.