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Netflix in talks to enter China with Wasu - report

Friday 15 May 2015 | 09:07 CET | News
Netflix is in talks with a Chinese media company and other possible partners on its entry into the Chinese market, people familiar with the matter told Bloomberg. Netflix has held discussions with companies including Wasu Media Holding, backed by Alibaba founder Jack Ma, about forming a partnership. Wasu has been working with Alibaba Group to produce set-top boxes since 2013. Wasu operates cable TV and broadband networks in Hangzhou, where Alibaba is based. Wasu said in April last year it would sell a 20 percent stake to Alibaba Chairman Ma and fellow billionaire Shi Yuzhu. Netflix wants a

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Categories: Internet
Companies: Alibaba / Netflix
Countries: China
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