Capital winter sweeps Chinese video sites, startlingly similar to eight years ago zzz- circle post

The financial storm that has swept the globe has now spread to China's online video industry. Given that Chinese video websites have yet to achieve profitability across the entire industry and still rely on international venture capital, once this financial storm causes overseas investors to "tighten their wallets," it is without doubt that the purse strings of Chinese video sites will also be tightened.