Netflix Gives Up on China

Another US Company Gives Up on China

Netflix 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.