Comment on Tudou Founder Gary Wang to Build China’s Answer to Pixar by Light Chaser, an Animation Company backed by Tudou Founder, Raises US$20M of Series B Funding | TechNode

['Chelsea Dong', 'More Chelsea Dong', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2013-03-14 00:00:00

The founder of Chinese video site Tudou, Gary Wang, revealed his next project, China’s Pixar, as reported. He planned to set up an animation studio next month in Beijing, mainly focusing on producing Chinese animation. Mr. Wang considered now good timing to blaze a trail as Chinese film distribution and copyright regulation have improved plus the increasing number of cinema and income of urban citizens. He disclosed a round of financing, tens of millions of U.S. dollars, from an international investment agency. According to the government statistics, China’s annual box office revenue in last year was RMB 17.07 billion.