The company’s Airbnb Plus offering, which provides hotel-like listings, was also up 800% in Q1 2019 compared with the year before.
Strong growth in China will bolster Airbnb’s IPO plans. The company was expected to go public in 2019, though last month co-founder Nathan Blecharczyk said it might hold off for now.
Nevertheless, Airbnb still occupies only 7% of China’s home-sharing sector, living in the shadow of local giants Tujia and Xiaozhu who command a combined 50% of the market.
Chinese companies are flocking to India, but their optimism needs to be temperedChinese companies are flocking to India, but their optimism needs to be tempered
Nikkei teams up with 36Kr in Asia tech news coverageNikkei teams up with 36Kr in Asia tech news coverage
Grady Laksmono of Moka on supporting small businesses: Startup StoriesGrady Laksmono of Moka on supporting small businesses: Startup Stories
The continent of the 21st century: Venture VoicesThe continent of the 21st century: Venture Voices
Mile a minute: Early StageMile a minute: Early Stage