The move comes as the streaming giant continues to expand globally, with the Chinese market too big to leave out. In 2016, Netflix forayed into 130 countries including Iran and North Korea.
The move is part of the company's campaign to contribute to the country's ongoing poverty relief efforts.
The move came after the city of Ningbo in east China's Zhejiang Province launched a sales promotion campaign with a raft of enterprises providing consumers with vouchers and coupons worth around 20 billion yuan.
The museum will include an interactive exhibition hall, chess club, art center, and sculpture park, and digital technology will be used in its construction and future management.
The move came as the Beijing-based startup has recently faced accusations of stalling on deposit refunds and prompting users to convert the deposit into investment products at PPmoney, an online loan platform.
The most active gold contract for December delivery fell .6, or 1.05 percent, to close at ,949.9 per ounce.
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The move reinforced views that regulators will continue to tighten supervision on risky areas of the financial sector, according to analysts.
The nation is implementing an AI development plan that aims to build a 1 trillion yuan (5 billion)AI core industry by 2030, which is expected to stimulate related businesses to the tune of 10 trillion yuan.
The museum, in Tongle, a town in Sanjiang Dong autonomous county in southern China's Guangxi Zhuang autonomous region, displays spinners, dye vats and other embroidery tools used in making Dong cloth on the first floor, with Dong embroidery showcased on the second floor. On the third floor is Yang's embroidery studio.
The move follows Apple's announcement earlier this year its global facilities are powered by 100 percent clean energy and the launch of its Supplier Clean Energy Program in 2015.