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Netflix is going to China
Published on: 2017-04-26
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042Netflix is to introduce original content in China in a licensing deal with the local video streaming service iQiyi.com, the US company said on Tuesday.


Netflix has struggled to break into the Chinese market, where streaming services are subject to strict data-storage regulations and foreign films and television are routinely censored.

041
Content air times will parallel other regions, a spokeswoman said, who declined to comment further on the tie-up.


Netflix has played down the possibility of its entry into China in the past year despite its otherwise rapid global expansion.


In October, cofounder and CEO Reed Hastings said that prospects for a direct streaming service in the country were slim and that the firm had made no progress in obtaining government approvals.


iQiyi.com is one of China's largest streaming services and is backed by the search giant Baidu Inc. In February it raised 1.53 billion to take on local rivals in a hotly contested market.

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