Toyota cuts production plans globally, Airbnb stops doing business in China from July 30

Car company Toyota production plan for an estimated 9.7 million vehicles worldwide by March 2023.

Home car manufacturing The company also announced the suspension of more domestic production lines due to a shortage of supplies due to the impact of the anti-COVID-19 shutdown in Shanghai, China. The addition of a production line that must be temporarily suspended will take place from May 25 to June 3, affecting a total of 16 lines at 10 Toyota factories in May and June.

Toyota is planning to produce an average of about 850,000 vehicles globally each month from June to August.

Meanwhile, on May 24, the vacation rental company Airbnb said it will stop all business in mainland China from July 30, extending the list of Western Internet platforms not participating in the Chinese market.

Airbnb made the announcement in a letter posted on the company’s official WeChat account to Chinese consumers without explaining the reasoning behind the decision. The San Francisco-based company said that Chinese people will still be allowed to order online and experience the company’s services abroad.

The Airbnb app on smartphones. (Photo: Reuters)

Aribnb joins a string of Western Internet companies such as Linkedin and Yahoo to pull out of China, a sign of the internet splitting of the world’s second-largest economy and much of the rest of the world.

Most of the major Western Internet platforms, including Alphabet’s Google and Meta Platforms’ Facebook, have stopped providing services to users in mainland China, citing difficult censorship. difficult to operate in this country.

Nathan Blecharczyk, co-founder of Airbnb, said that making this decision was very difficult and he is proud of what Airbnb has achieved in China.

“This decision hasn’t been easy for us, and I know it’s even harder for you. We’ve built and prospered together in China and have welcomed more than 25 million visitors since. since 2016”.

CNBC was the first news agency to report on Airbnb’s decision on May 24. The New York Times reports that, as part of its pullback from the Chinese market, Airbnb will remove about 150,000 bookings and rentals in China, out of a total of 6 million listings that Airbnb has around the world. . According to the report, staying in China has accounted for about 1% of Airbnb’s business in recent years.

Founded in 2008, Airbnb started offering services in mainland China in 2015, trying to localize its online ordering system, including integrating with Chinese platforms like WeChat by Tencent.

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