Airbnb adopts new name, doubles investment to woo China


Airbnb Co-Founder and CEO Brian Chesky speaks at an event to launch the brand's Chinese name, in Shanghai, China, March 22, 2017. REUTERS/Adam Jourdan

Airbnb Inc is showing China some love. 

The US home-sharing giant is adopting the name “Aibiying” in China, one that translates as “welcome each other with love,” as it doubles investment in the country and triples its local workforce to serve the world’s largest population of travellers. 

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