Ma-backed Wasu held talks with Netflix

Wasu Media Holding Co, the Chinese media company backed by Jack Ma, has held talks with Netflix Inc as the broadcaster of House of Cards seeks to enter China's $5.9-billion online video market.

While Wasu "has talked with Netflix recently," it hasn't reached any "solid agreements on cooperation or content," the Chinese company said in a statement to the Shenzhen stock exchange on Monday.