Airbnb to Transfer China Home Listings to Rivals as Part of Market Exit
June 03 2022 - 6:48AM
Dow Jones News
By Anniek Bao
Airbnb Inc. will offer to move its existing Chinese homeowners
and rental listings to rivals, including Meituan and a unit of
Alibaba Group Holding Ltd., as it winds down its domestic
operations in China.
The home-rental giant said in a statement Friday that homeowners
on its Chinese platform can apply to list their personal
information and property details on other platforms, including on
the hotel service platform of Chinese food delivery company Meituan
and on Fliggy, a unit of e-commerce titan Alibaba.
Names, phone numbers, ratings and reviews would be transferred
from Airbnb to the other sites, the San Francisco-based company
said.
Nathan Blecharczyk, Airbnb's co-founder and chairman of its
China business, said last month that the company would shut its
domestic business in China by July 30 amid "challenges from the
pandemic." Airbnb said then that Chinese users will still be able
to use the platform to book homes and other services for overseas
travel.
Airbnb is a small competitor in China's travel industry. It had
more than 500,000 active properties in the world's second largest
economy as of the end of April, according to market-research
company AirDNA, out of its more than six million active global
listings.
Write to Anniek Bao at anniek.bao@wsj.com
(END) Dow Jones Newswires
June 03, 2022 06:33 ET (10:33 GMT)
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