Citing a company filing, yicai.com reported that Zhejiang Huace Film and TV plans to invest 100 million yuan on the building of the China Martial Arts (Film) Culture Industrial Park in Haining city, Zhejiang province.

China's box office is expected to rise by nearly a third to hit 13 billion yuan ($2 billion) this year as consumers are more willing to buy tickets for the rising number of domestically made movies, the chief of film distributor Bona Film said.

Chinese box office takings increased by 64% last year, helped by Hollywood blockbusters such as 3D movie Avatar. Revenue surged to 10.2 billion Chinese yuan (￡966m), though local officials said Chinese film-makers needed to up their game to compete with US movies.

Tencent Inc said it will establish a fund of 500 million yuan (US$75.7 million) to invest in the film and TV sectors as the dot-com firm embarks on its first expansion beyond the Internet industry. Shenzhen-based Tencent is seeking media partners for investment and cooperation opportunities, said the firm, which has more than 600 million users of its instant message service QQ.

You might be surprised by the rise of a cinema-going culture in a market rampant with piracy, but China suffered for years from a paucity of good content, quality movie theaters and, unsurprisingly, customers willing to pay more to see this bad content in bad theaters. That has all changed dramatically in the last five years.

In the first deal of its kind, DreamWorks Animation has signed an agreement with Youku.com, a Chinese site used for streaming videos. The two organizations will bring the "Kung Fu Panda" franchise online in Mainland China, according to the press release，the first time any DreamWorks films have been made available in China through the Internet.

Crimson Forest VFX/Animation Studio, one of China’s most modern and fastest growing film and animation studios, has been chosen to co-produce The Sampo, a full-length animation feature for the Northern Digital Film Company Helsinki Ltd (NDFC).

According to Variety, L.A. and Beijing-based DMG Entertainment has unveiled a $230 million theater chain investment with Korean hedge fund Volton for the booming China market that will dovetail with its new $300 million fund to bring co-production tentpoles to China.

Analysts and industry insiders said that Avatar and Inception are the main reasons why the Chinese box office take increased dramatically (which were about 6 billion yuan in total). Meanwhile, China’s own blockbusters were attracting people to go to cinema as well, such as Let The Bullets Fly, After Shock and If You Are The One 2.

IMAX Corporation announced that CJ CGV HOLDINGS, LTD, a subsidiary of Korean media conglomerate CJ CGV Co. Ltd., has signed a revenue share agreement to add 15 new IMAX(R) digital theatre systems in the People’s Republic of China.