Airbnb China has recently appointed a new President who will be the head of its operations. Tao Peng, the new President of Airbnb China is a serial entrepreneur who is also the co-founder of CityHome, a short-term rental platform based in China. Airbnb China also announced that it has invested $ 5 million in Peng’s Beijing based CityHome platform. Hong Ge, the former president of the company was ousted after it was revealed that he was in a relationship with an employee. While Blecharczyk remains the Chairman who is going to work closely with Peng.