Joost has announced that it will discontinue support of its P2P TV application by the end of this week, essentially admitting that distributed content delivery for video streams isn’t worth the effort. But if 2008 taught us anything, then it’s that P2P TV is alive and well — in China, at least.

Western services like Joost may have struggled to convince users to share their bandwidth with other video viewers, but Chinese online video fans don’t seem to have a problem with P2P TV at all. In fact, Chinese P2P grew so big in 2008 that it’s putting the audience numbers of Western online TV offerings to shame. Continue reading on Newtevee.com.