JP Morgan says that there are some 520 million Chinese users of online video. It reports 60 million with paid subscriptions across the three leading platforms at the end of 2016 and forecasts that the total could rise to 234 by 2020.
LOS ANGELES: China's heavily loss-making online video sector could collectively break even by 2019, according to a report by financial analysts at investment bank JP Morgan.
The bank describes an oligopoly consisting of a trio of domestic Chinese companies iQIYI, Youku Tudou and Tencent video, each backed by an Internet giant, Baidu, Alibaba and Tencent respectively and operating unchallenged by foreign players.
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