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Netflix CEO: 'It doesn't look good' for Netflix in China (NFLX)

Things are not looking good for Netflix in China, CEO Reed Hasting said at The New Yorker's Tech Fest on Friday. In January, Netflix announced a gargantuan expansion into 130 new countries on a single day, bringing it to every major market in the world — except China. Many expected Netflix's entrance into China would be a matter of months, not years, as companies like Disney had already done well in the country.
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