Netflix Gives Up on China
Another US Company Gives Up on ChinaNetflix joins ranks of U.S. tech companies admitting they can’t conquer China - Market Watch
Translation - Netflix figured out the Chinese government is not going to give up control in a Foreign company in the media space.
Netflix new strategy is partnering with local providers. This is safer, for the profits will be a lot less. And China's government requires that 70% of content be local.