Press Play with Madeleine Brand
Airbnb Targets China
Last year, Chinese tourists made 109 million trips out of the country. Now, Airbnb wants a piece of that action. Last June, the company raised a stunning $1.5 billion from investors and just announced that it’s planning to use some of that money to set up shop in China. What are the challenges?
Last year, Chinese tourists made 109 million trips out of the country. Now, Airbnb wants a piece of that action. Last June, the company raised a stunning $1.5 billion from investors and just announced that it’s planning to use some of that money to set up shop in China. What are the challenges?