Airbnb

The home-sharing market in China has transitioned from growth to stabilization as the impact of COVID-19 persists.

A Bilibili commercial celebrating National Youth Day went viral amid China’s 5-day labor day holiday, helping boost the video streaming platform’s stock performance.

Despite being cleared of any legal wrongdoing, Jiang has been stripped of his position as a partner at the firm.

China’s largest aggregator, Trip.com, forecasted its revenues to drop 45% to 50% YoY in the first quarter of 2020.

Pain in USD 1 billion minpaku industry portends economywide trouble.

The company’s China business has been cut by 80% compared with 2019.

Tujia, another Airbnb rival in China, said suspension guidance from the authorities had affected most of its listings in the city.

Airbnb had invested USD 200 million in rival hotel chain OYO.