Airbnb Teams With Sequoia, China Broadband to Woo Chinese Users

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Home-sharing startup Airbnb is gearing up for a deeper push into the booming market of Chinese travelers.

Airbnb has forged a partnership with investment firms Sequoia China and China Broadband Capital, which contributed to a $1.5 billion investment this summer, to find a chief executive officer for its China operations and widen its foothold in the world’s most populous country.