Netflix: Expansion to China is unlikely in near future

Netflix: Expansion to China is unlikely in near future
Netflix CEO Reed Hastings has said this week that entry to China is very unlikely in the near future.

When asked why the company is not in China yet (the world's largest Internet market), Reed noted that regulators recently shut down movie stores from Disney and Apple and that it is still very tough to break through in the censored nation.

"It doesn't look good. We're figuring our way out (in China), but we're really focused on the rest of the world. There is so much opportunity for us in India, Poland, Turkey and Latin America and Vietnam,"
added Hastings.

Source:
USAT


Written by: Andre Yoskowitz @ 10 Oct 2016 17:32
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