Editor’s Note: The piece was written by Yang Wang, who is currently the brand and media director at Chemical Industry Press. He has published and translated seven books, and several of his works have been translated and published in areas such as Taiwan and South Korea. Yang has also contributed pieces and columns to The Beijing News and other major media outlets.  In regard to technology, he is mainly interested in the changing face of media as well as the business side of the industry. Originally from Beijing, Yang moved to California with his family before coming back to his native city after receiving a degree in Communication from the University of California, San Diego. 

There is speed, and there is Chinese speed. Everything seems to happen faster in China, and such seems to be the same for online video sites. Only last year, these sites were flushed with cash, and they were paying obscene amount of money for contents. This year, however, has been a different story. Money seems to have disappeared like Houdini, not only are the sites lowering their offer for TV dramas and movies, but many of them seem to be incapable of carrying on.

This has been the primary reason behind the various mergers and acquisitions of recent days. Youku, the biggest player in the game, has acquired Tudou, and there is rumor that Sohu is in hunt for PPS.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Guest Editor

TechNode Guest Editors represent the best our community has to offer: insight and perspective on how technology is affecting business and culture in China