Airbnb ends rentals in China to focus on outbound tourists | app

BEIJING (AP) — Airbnb Inc. said Tuesday it will stop representing short-term rental properties in China and focus its business in the country on serving Chinese tourists looking for accommodation overseas. .

Airbnb joins a string of foreign internet companies, including Yahoo Inc. and eBay Inc., that pulled out of China after facing stiff local competition and regulatory hurdles.

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