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M & A: Good Solution for China Video Sites, For Now

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.