Airbnb to shut domestic business in China from July 30

Airbnb Co-Founder and CEO Brian Chesky speaking at an event to launch the brand's Chinese name, in Shanghai, China, on March 22, 2017. [Reuters]

Vacation rental firm Airbnb Inc said on Tuesday it will shut down all listings and experiences in mainland China from July 30, joining a long list of Western internet platforms that have opted out of the China market.

The company made the announcement in a letter posted to its official WeChat account addressed to its Chinese users without elaborating on the reasons behind the decision. The San Francisco-based company said Chinese users would still be allowed to book listings and experiences abroad.