A Netflix-style structural shift from hosting to producing content is underway at the streaming services run by China’s three digital giants.
May 31, 2017
‘China’s heavily loss-making online video sector could finally break even by 2019, according to a new report by investment bank JP Morgan.
The report describes an oligopoly consisting of Chinese companies iQIYI, Youku Tudou, and Tencent Video – backed by Internet giants Baidu, Alibaba, and Tencent, respectively – and operating unchallenged by foreign players.’