Variety – Online Video Sector in China Heading for Profit by 2019 (Study)

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.’

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