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Airbnb changes name in China, doubles investment to win users

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Airbnb, valued at $30 billion, is accelerating its drive into Asia.

A 3D printed people's models are seen in front of a displayed Airbnb logo in this illustration taken, June 8, 2016. REUTERS/Dado Ruvic/Illustration
Visual of K2 Global homepage. February 2017.
Visual from Paytm website
An employee is seen behind a glass wall with the logo of Alibaba at the company's headquarters on the outskirts of Hangzhou, Zhejiang province, April 23, 2014. REUTERS/Chance Chan/Files
Visual from GlobeICON Facebook page.
Paytm visual from MINT
Visual of MC Payment homepage. August 2016
IPO
A sign shows Yum Brands Inc's support center at its corporate headquarters in Louisville, Kentucky January 18, 2011. REUTERS/John Sommers II/Files
REUTERS/Rick Wilking/Files
Amazon to establish Singapore presence in Q1 2017

Amazon is ready to enlarge its presence in Asia through plans to set up a regional HQ in Singapore, following reports earlier this year that it planned to establish itself in the Indonesian market with a war chest estimated at $600 million.