“We have not been spending any time on China in the last couple years,” Netflix co-CEO Reed Hastings says.
Key Points
"We have not been spending any time on China in the last couple years," Netflix co-CEO Reed Hastings told CNBC's Andrew Ross Sorkin. Hastings said the streaming giant was turned town by the Chinese government several years ago and instead focuses on other growth opportunities. "There's so much opportunity for us in Asia, the rest of Asia ... and then all through Europe and Latin America," Hastings said in an interview aired Wednesday on "Squawk Box."
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