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A smartphone showing the Baidu Browser application is seen as the Chinese firm negotiates with Netflix to distribute its programmes in China. Photo: Reuters

Netflix negotiating with Baidu to distribute original programmes in China through iQiyi.com

Baidu

Netflix is in talks to distribute its original programmes in China through iQiyi.com, the streaming-video provider controlled by Baidu, gaining access to a market that has long eluded the world’s largest pay-TV service.

Cooperation between the companies will adhere strictly to Chinese regulations on film and TV imports, iQiyi said in an emailed statement. Variety reported earlier that a Netflix executive, Robert Roy, announced at a conference in Indonesia that a deal with iQiyi was in place. Netflix didn’t have an immediate comment when contacted on Tuesday.

The Netflix logo is pictured on a television remote as the company is in talks with China’s Baidu to distribute its programmes in the Asian giant. Photo: Reuters

Netflix has been looking for a way to enter China as part of its plan to amass a global audience for its burgeoning library of exclusive shows, from “House of Cards” to “Stranger Things.” Netflix expanded to 130 countries last year, with China the sole major market left out, and surpassed 100 million subscribers worldwide last weekend.

Netflix shares climbed as much as 3.5 per cent to US$148.91 in New York trading, an all-time high. Baidu’s US-listed shares climbed 2.5 per cent to US$184.50.

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