Airbnb shares dropped almost 2% in premarket trading after the company said would shut domestic business in China from July 30.
Vacation rental firm Airbnb Inc said on Tuesday it will shut down all listings and experiences in China from July 30.
The company made the announcement in a letter posted to its official WeChat account addressed to its Chinese users. It said, however, that Chinese users will still be allowed to book listings and experiences abroad.
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