What do you think of Airbnb's announcement to withdraw from China market? Don't hotels make money?

According to the current law, it is necessary to store the information of customers and houses in China on the server in China, but the headquarters in the United States is unwilling to do so. On the other hand, Airbnb's global growth has been good recently, with many countries growing more than 20 19. After the tourism industry in many countries gradually began to pick up, Airbnb's business also picked up. At the same time, business in China market is not good, and Airbnb's share in the past few years is also very small. These two factors are superimposed and closed. Airbnb's Beijing office is very beautiful. I have done several activities there before.

The atmosphere is really good and the staff are excellent. News I saw: Airbnb ushered in layoffs, and N+2.5+ annual leave compensation was 3 times. The salary will be paid on June 30th, and the computer will be sent to the mobile phone. Feel it. However, it is also said that the layoffs are mainly for domestic business, and the number is not too much. Most people will switch to overseas business. It is true that Airbnb has developed rapidly in other countries recently and may need more manpower. So this possibility also exists.