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Online Video Industry in China is now worth 3.5 Billion Euros

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Revenue generated by the Chinese online video streaming services market reached 23.97 billion yuan (€3.46 billion) in 2014, increasing 76.4 per cent from a year earlier and helped by the sale of self-produced content rights, according to consulting firm iResearch. The fast growth of last year’s revenues was mainly driven by the sales of home-produced content to broadcasters rather than profits generated from advertising, the firm said.

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