Airbnb China Names New President

Skift Take
Can Airbnb avoid Uber’s fate of being acquired by a rival in China? It seems to be doing everything it can to do so, but is it enough?
Airbnb China will have a new head of operations: Tao Peng, a serial entrepreneur and the co-founder of CityHome, a short-term rental platform based in China, as well as BreadTrip/CityHunter, a travel recommendations and sharing app.
Peng will assume the role of president in September. Just last week, Airbnb China announced it has invested $5 million in Peng's Beijing-based CityHome platform.
It’s not yet clear exactly how Airbnb China will integrate CityHome, but the appointment of Peng to the role of president suggests both entities will work very closely with one another.
Airbnb’s Chinese business unit, also known as Aibiying, has been in search of a new pres