December 28, 2016
The home-sharing app Airbnb has taken a stronger foothold in China, establishing a new subsidiary – Airbnb China – just two months ago. But the recent unhappy experience of an Airbnb host has put the company and the rest of the industry under the spotlight in the country. Analysts said a more effective credit system for both hosts and guests is needed before the industry can expand around the country. Airbnb also faces strong competition from domestic rivals, and it could possibly repeat the defeat of Uber in China, an analyst said….