In a historic achievement for the film industry, revenues from the Chinese film market for 2025, including advance ticket sales, have surpassed the 10 billion yuan (nearly $1.4 billion) mark for the first time.
Cumulative revenue from Chinese cinemas exceeded that of North America, placing China at the top of the global revenue charts.
As of 3:30 p.m. Monday, sales for the Spring Festival period reached a new all-time record of 8 billion yuan (more than $1.1 billion), according to data from the National Film Administration.
That success is led by the animated blockbuster Ne Zha 2, which has already surpassed last year's Spring Festival winner Yolo, broken more than ten national box office records, and is now poised to become the highest-grossing film in Chinese cinema history.
In 2019, the film "No Zha: Birth of the Demon Child" (Ne Zha 1) stunned the film industry with sales of 5 billion yuan (about $690 million). Now, "Ne Zha 2" is back with an even more compelling story and stunning visual effects, which has sparked widespread discussion.
Until recently, Chinese film studios were considered the "backroom" of Hollywood, doing minor visual effects work for American films. However, as the Chinese film industry grew, many productions outsourced this work to foreign studios.
But that's changing. China's computer-generated imagery (CGI) industry is moving forward to help tell stories that are rooted in Chinese culture.
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