Netflix Tops $600 a Share, Said in Talks to Enter China

Netflix Inc. rose above $600 a share for the first time after it was reported to be in talks with a Chinese media company backed by Jack Ma and other possible partners as it seeks entry into China’s $5.9 billion online video market.

Netflix has held discussions with companies including Wasu Media Holding Co., according to people with knowledge of the matter, who asked not to be identified because the talks are private. Netflix plans “to be nearly global by the end of 2016,” Anne Marie Squeo, a spokeswoman, said in response to questions about a possible China partnership.