Airbnb is closing its accommodation listings and services in China, CNBC reported on Monday, citing people familiar with the matter. The US home rental giant is instead choosing to focus on outbound Chinese tourism after operating in the country for six years, according to the report. China’s tourism services, including home rental platforms like Airbnb and travel booking sites such as Trip, are reeling from the impact of the country’s stringent Covid prevention measures and multiple lockdowns. Fierce competition from local rivals such as Tujia and Xiaozhu are also contributing factors in Airbnb’s retreat from China. The company’s withdrawal marks another significant retreat of a US tech giant from China, following in the footsteps of Linkedin, Amazon, and Google. [CNBC]