Netflix Shares Soar Over Potential Expansion to China

Fortune: Reports about Netflix’s potential expansion into China’s potentially huge streaming video market sent the company’s stock soaring to all-time highs Friday afternoon. Shares of the popular streaming service gained about 5% and streaked past the $600-mark for the first time after a Bloomberg report citing anonymous sources said Netflix is looking to partner with Chinese companies as way to move into that country. Netflix is reportedly in talks with various companies holding content licenses in China, including Wasu Media Holding, which is partly owned by Alibaba founder Jack Ma.