This was a long-time coming. AirBnB has been a staunch and shameless supporter of the communist regime in Beijing, but even that wasn't enough to save it from the fierce competition of the Chinese market; the government's stifling of tourism through its zero-COVID policy was simply the final straw.
China's zero-COVID is essential to keeping the population safe, and business will simply have to adapt to this reality. A recent study suggests that over 1.5M people could die in China if the country were to lift its zero-COVID policy. Large companies must understand that they have a duty to the people over profits.