Airbnb changes Chinese business | News

Airbnb works all over the world. Zimmer broker has a strong position in the US domestic market, in Europe, but also in China. The company now wants to withdraw from there.

With the end of the coronavirus pandemic, the mood for traveling is growing. The US broker Airbnb also wants to take advantage of this trend. In China, however, it is different. Due to the policy of the government in Beijing of zero Covid, the business is burdened. Looks like Airbnb is responding right now.

As reported by several familiar with the situation, Airbnb is withdrawing from the Chinese market: it should be abandoned. All mainland China offers will be withdrawn by summer, insiders said.

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According to further information, the workers concerned by the measure have already been informed. However, Airbnb should continue to offer Chinese travelers overseas room deals. The company has not yet specifically commented on the recall plans. According to observers, this may be due to the ongoing corona blockades in China. You can also imagine your political background.

Airbnb shares are plunging to a record low

Airbnb shares have been in a downtrend since late last year and have picked up again in recent weeks. As the MACD declined, the stocks plunged to a new yearly low of just above $ 100. The technical situation will improve only after breaking the resistance at the level of about 131 USD.

Airbnb’s success can be attributed to, inter alia, purchase of shares participate. Brave investors can get leverage with Buy CFDs get involved.

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