By Yasin Ebrahim 

CNCB: Airbnb is expected to close down domestic China operations this summer according to Investing.com.  

Following the report, Airbnb (NASDAQ: ) saw a marginal increase in sales. 

According to the report, all listings on mainland China will be removed by this summer.

The move will help the company focus its efforts on Chinese outbound travel, which presents a more lucrative opportunity. About 1% of the company’s revenue comes from stays in China.