Netflix has purchased exclusive distribution rights to stream Chinese streaming website Youku’s original web series “I Hear You” outside of China, said the Alibaba-owned video site on May 10.
Recently two major Chinese video websites completed their listing in the U.S.: Bilibili and iQIYI. Although these two companies all belong to the same industry, they have different business models and different values.
“I just saw the headlines saying that iQIYI has fought through bitter years, and I want to tell our friends at the press that it wasn’t bitter for us,” said a host from iQIYI Innovation Building in Beijing on March 29.
