Why Hotel Companies Can T Quit China Even After Pandemic Lockdowns
The volatility of China’s pandemic recovery might leave some companies and investors looking for a way out — and several have.For more TPG news delivered each morning to your inbox, sign up for our daily newsletter.Airbnb is leaving the domestic Chinese market at the end of the month. While the vacation rental platform gave no specific reason, the Global Times reported it was too expensive to operate there and the pandemic exacerbated the complexities of doing business....