Oct 7 Video streaming service Netflix Inc's
Chief Executive Reed Hastings said the likelihood of
the company entering the Chinese market "doesn't look good".
"Disney, who is very good in China, had their movie service
shut down. Apple, who is very good in China, had their movie
service closed down. It doesn't look good," Hastings said at the
New Yorker TechFest on Friday.
Netflix's shares were up 1 percent at $106.12 in morning
trading, reversing from a 1.5 percent drop earlier following the
Hastings said in September the company had made no progress
in its plan to enter the Chinese market as it needs to obtain a
Content providers in China face stringent regulations and
As part of efforts to counter slowing growth in the United
States, Netflix in January launched in more than 130 new markets
(Reporting by Rishika Sadam in Bengaluru; Editing by Sriraj