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> If I host in Europe or US would the speed of traffic going into China be very slow?

I'm not sure, but I guess it should be nowhere near 1Gbps. You'll have to test it to find out.

> How can startups in China handle that kind of hosting cost?

It's mainly bandwidth that's expensive, but there is cheap cdn/cloud storage for static files, like videos. Then you can also pay by traffic, which is around $0.12/Gb.




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