Airbnb increases presence in China

Airbnb Inc, a US-based home-sharing service provider, will continue to grow its presence in China, hiring local employees and working closely with the government to further tap the potential of the country's fast-growing inbound travel market.

China is one of the most important markets for Airbnb, and the company will continue to develop the nation's market, providing better services and products for Chinese consumers, as well as speeding up localization efforts here, said Chris Lehane, head of global policy and public affairs of Airbnb.

"Currently, Airbnb offers 120,000 active listings in China," Lehane said. There have been "2.5 million guest arrivals at listings within China for all time, a 287 percent year-on-year growth rate."