Netflix to expand to 4 Asian markets

HONG KONG >> Netflix said it’s planning to enter four more Asian markets next year as the Internet video streaming service steps up its international expansion.

People in South Korea, Singapore, Hong Kong and Taiwan will be able to watch the company’s films and TV shows on Internet-connected devices starting in early 2016, Netflix said last week in a statement.

Netflix has ambitions to make its service available throughout the world and has already been selling its services in more than 50 countries outside the U.S.

The company is borrowing $1 billion to help finance its global expansion, which it plans to complete by 2016.