Airbnb China appoints entrepreneur as president

Effective September, Chinese entrepreneur and founder of CityHunter Tao Peng will become president of Airbnb China.

In the past six and a half years, Tao built companies like Breadtrip and CityHunter, travel social apps which have amassed tens of millions of users.

More recently in 2016, he co-founded and helped grow CityHome, a company that offers short-term rentals in homes and apartments across China.

The appointment comes against a backdrop of rapid growth of Airbnb in China.

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