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Phoenix666 [soylentnews.org] writes:

Earlier this year, Netflix launched in pretty much every country [soylentnews.org] -- except China [cnet.com]. That hasn't changed 10 months later, and it looks like it won't.

The company on Monday told shareholders that it's ditching efforts to bring its popular streaming service to the People's Republic, the world's most populous nation. Instead, it'll sell its shows, like "Narcos [metacritic.com]" and "Daredevil [metacritic.com]", to Chinese media companies.

"The regulatory environment for foreign digital content services in China has become challenging," the report read. "We now plan to license content to existing online service providers in China rather than operate our own service in China in the near term."

They didn't develop the right guanxi [wikipedia.org].

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