Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

LATEST
Sohu Returns to Profit in First Quarter as Online Gaming Revenue Grows
Chinese Trucking Startup ForU Applies for Nasdaq Listing
Baidu Aims to Replace State-of-the-Art Self-Driving Tech With Launch of V2X System
Chinese Snack-Maker Shapes Up as a Spicy Hong Kong Offering
Fresh Funding Lifts Blockchain-Based Gaming Firm Animoca Into Unicorn Club
Foxconn Drives Deeper Into Car Manufacturing With Fisker Deal
Tesla Wannabe Xpeng Reports Shrinking Losses as Deliveries Explode
Tencent Brings in Nearly $500 Million From ‘Honor of Kings’ and ‘PUBG Mobile’ in April
U.S. Senate Advances Bill That Would Ban TikTok from Government Devices
WeRide Raises Fresh Capital as It Ponders How to Make Money Off Self-Driving Cars
China’s 2021 Smartphone Sales Surge Comes to an End in April
Trending in China: Weibo Turns On E-Bike Riders After Battery Explodes in Elevator
U.S. Senate Committee Presses Companies to Comply with Rule Designed to Limit Supply Sales to Huawei
Pony.ai Receives Green Light to Run Autonomous Freight Business in Guangzhou
Trending in China: Stories of Young Survivors on 13th Anniversary of Wenchuan Earthquake
Internet Security Apps Called Out for Personal Data Abuse
Online Insurance Upstart Yuanbao Bags $156 Million in New Funding
Pony.ai Works with Luminar to Build Lidar-Powered Sensing System for Driverless Cars
Self-Driving Truck Startup Plus Aims for U.S. Listing in SPAC Deal
Biotech Firm BeiGene Turns First Profit Since 2018 Hong Kong Listing
China’s Box Office Revenue Grew 5.4% in 2019, Bolstered by Domestic Films

By Ding Yi / Jan 02, 2020 12:28 PM / Society & Culture

China’s film box office revenue rose 5.4% to 64.3 billion yuan ($9.2 billion) in 2019, a slower rate than its 9% growth during the previous year, state news agency Xinhua reported Thursday.

Domestic films garnered 41.2 billion yuan in ticket sales last year, accounting for 64% of the total box office, Xinhua said, citing data from the China Film Administration. In 2018, homegrown productions occupied 62% of the total box office.

The market share expansion of domestic films in 2019 was largely attributed to the screening of several Chinese-made blockbusters including the science-fiction film “The Wandering Earth,” the animation fantasy film “Ne Zha,” and the patriotic hit “My People, My Country,” which was shot to mark the 70th anniversary of the founding of the People’s Republic of China.

In 2019, a total of eight Chinese-made films galloped onto the annual list of the top 10 highest-grossing films in China, with “Ne Zha” raking in a record 5 billion yuan in ticket sales. 47 out of the 88 films hitting the box office mark of 100 million were homegrown movies.

China had 69,787 cinema screens nationwide by the end of 2019, an increase of 9,708 from 2018, and more than 1.7 billion film tickets were sold, a report by Communist Party-run newspaper People’s Daily said.

Contact reporter Ding Yi (yiding@caixin.com)

Related: Patriotic Movies Break ‘Golden Week’ Box Office Records


Share this article
Open WeChat and scan the QR code