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Analysts believe China will become a major market for such technologies as the government expects 50 percent of new vehicles sold in the country by 2020 to have some form of self-driving functions.

And if they did want to buy instead of building, the tech guys would have to decide if they want to make it proprietary. If they did, they would cut out a core part of the Netflix strategy, because the service is currently available to just about every box and device on the market. If they didn’t, they’d be spending money to help boost their competitors’ platforms.

Andrew Clements

And many cooperative opportunities have been created under the country's Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area plan.

Analysts said the purchase is in line with the recent trend of Chinese companies in the electric power sector, seeking to diversify their earnings by investing abroad, and Australia's energy sector will continue to attract China utilities.