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China's Internet TV Sites in $1B Battle for Foreign Shows

China's big internet-TV companies are spending hundreds of millions of dollars on foreign TV shows and films in a battle to attract users and advertisers, but risk bumping up against regulators protecting the domestic TV and film industry. In less than two years, Inc., Youku Tudou Inc., backed by Alibaba Group Holdings Ltd., and Baidu Inc. have spent $1 billion on TV series and movies, primarily from the United States, Britain and South Korea. They say they will continue...

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