CCTV contemplating online video market entry

China Central Television (CCTV), the national State-run TV broadcaster, is expected to enter the country's lucrative online video market next week, raising concerns that the move may hurt domestic Youtube-like websites that were heavily fund by foreign venture capital.

CCTV will launch a national Internet TV station next Monday, according to a source from CCTV.com, the online subsidiary of CCTV.

The new website, which reportedly received a 200 million yuan government investment, will provide programming from CCTV, one of China's largest video content makers, and make it available on the Internet.