The Chinese are a force to be reckoned with when it comes to technology development and business growth. Statistics shown in the graph below are a representation of how fast the Chinese online video market is growing each year.

Since YouTube is blocked in China, sites such as Tudou seized the opportunity and began their online video-streaming empire. They offer free streaming of TV shows, dramas and movies to viewers. As long as you have internet connection and a computer, you’re set. The sites generate revenue by selling advertisements, forcing the viewer to sit through the ads before the start of each episode.

Similar to the Netflix debate, these Chinese websites have began to create their own shows, which have been surprisingly popular. As well as progressing to offering the installation of internet-enabled set-up boxes for internet-enabled television, which will be a huge business advancement.

Article: The Economist. “Online Video in China: The Chinese Stream.” The Economist. The Economist Newspaper Limited, 09 Nov. 2013. Web. 13 Nov. 2013.

Pictures:

“CHINICT – Tech Stars Meet In China – Media Partners.” CHINICT RSS. N.p., n.d. Web. 14 Nov. 2013.

Szalai, Georg. “Chinese Online Video Giant Youku Completes Acquisition of Tudou.”The Hollywood Reporter. The Hollywood Reporter, 27 Aug. 2012. Web. 14 Nov. 2013.

“Chinese Spent More Time Watching Video on Computers & Mobile Than TV.”China Internet Watch. N.p., 07 Dec. 2011. Web. 14 Nov. 2013.