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Stock impact report

Airbnb's China head exits, a week after co-founder named unit's chair [Reuters]

Alphabet Inc. - Class C Capital Stock (GOOG) 
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Company Research Source: Reuters
Airbnb's China head exits, a week after co-founder named unit's chair | Reuters Reuters Staff 2 Min Read BEIJING, Oct 24 (Reuters) - The head of Airbnb Inc’s China business has resigned four months after taking the role, the company confirmed on Tuesday, the latest leadership change for the unit which operates in an country where residency and movement are regulated. Hong Ge, who previously worked for Google Inc and Facebook Inc, left to pursue another role and the firm is yet to name a successor, said Airbnb in a short statement on Tuesday. Reuters was unable to reach Ge for comment on Tuesday morning. Kum Hong Siew, the current president of China operations will take over the role in an interim capacity. Airbnb faces tough regulatory challenges in China, where movement between cities is closely monitored and people are required to register temporary stays with local police. Last week, the company announced that co-founder Nathan Blecharczyk would become chairman of Airbnb’s China ar Show less Read more
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