$31 billion hospitality company Airbnb is redoubling its push into China, a market where fellow Silicon Valley titan Uber and many a tech company have very visibly stumbled.
Airbnb plans to announce Wednesday that it’s rebranding its Chinese subsidiary as “Aibiying,” which means “welcome each other with love.” Airbnb says that, alongside the rebranding, it’s doubling its capital investment in Aibiying, as well as tripling its 60-person workforce in the country.
Airbnb did not comment on the size of the investment it’s making in Aibiying.
Airbnb, which lets users rent rooms and homes from each other, is no stranger to China: The service read more >>>
Source : BusinessInsider.Com