![Why did Airbnb fail in China [CGTN]](https://i0.wp.com/usachinatrading.com/wp-content/uploads/2023/04/Why-did-Airbnb-fail-in-China.jpg?resize=525%2C295&ssl=1)
Airbnb is moving out of China. Starting July 30, the U.S. online rental marketplace will shut down all its listings and experiences on the Chinese mainland but will keep operating its outbound travel business. So, is the reason behind the move that simple? And after seven years of effort, why do Airbnb’s bookings in China only account for about 1 percent of its overall revenue Check out the video and please subscribe to the channel for more amazing China’s stories!