China Likely To Ignore Its Own New Rules For Video Hosting Sites?
from the don't-want-to-scare-off-the-money dept
Just last week we wrote about China’s new laws for online video sites that would require those sites to be government owned, as well as actively censor any content the government would prefer not be online. There was some fear over what this meant for all of the Chinese YouTube wannabes out there. However, it appears that most of the companies aren’t all that worried, as they believe that China won’t do anything to scare off venture capital money coming in to the various startups. If anything, those firms may need to “partner” with state-owned television stations, but otherwise should be allowed to continue moving forward. Of course, that same article says that the reason for this policy is that China is upset that people are watching online video rather than state-owned TV. If that’s true, then it doesn’t seem to mesh with the idea that the government will let things slide. Perhaps it just comes down to which is more important to the Chinese government: bringing outside venture capital into China, or trying to get more people to watch official government propaganda?