China’s Pixar dream wins VC support
Gary Wang has start-up pedigree. The Chinese entrepreneur took online video company Tudou.com from nothing to a US listing, and two years ago, a merger with rival Youku.com in a deal worth $1 billion. Wang now runs an animated film studio, which is already being touted as China’s answer to Walt Disney’s Pixar.
The domestic cinema market is booming, with box office receipts reaching $3.6 billion last year, up 27.5% from 2012, according to the State Administration of Radio, Film & Television. Takings of $4.6 billion...
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