Headlines From China: New Animation Film Retells Nezha Myth in Chinese Cyberpunk Style

New Animation Film Retells Nezha Myth in Chinese Cyberpunk Style

Nezha is a famous mythological figure in China, spawning literary works, films, TV series and animated titles. In the summer of 2019, “Ne Zha” unexpectedly reversed a slowdown in the summer market, becoming the highest-grossing animated film of all time in China. The latest retelling of the mythological tale, “New Gods: Nezha Reborn,” announced that it would be released in the Chinese mainland on Feb 12, the first day of the 2021 Spring Festival. Almost a brand-new story, the upcoming film is set in a fictional city inspired by the punk subculture of the West and the typical Shanghai housing of the 1930s. Read more China Daily

China’s Luxury Market Will Only Gets Trickier in 2021

In 2020, there were unprecedented luxury market declines in Europe and North America. Some brands lost 75 percent or more of their revenue in these crucial regions. However, the Chinese luxury market grew by almost 50 percent in 2020, reaching approximately $50-55 billion. But that growth is unlikely to repeat due to unrepeatable short-term boosts. Over the next 12-36 months, we will see the unprecedented emergence of new Chinese luxury brands that will be highly-equipped to challenge Western brands. Read more Jing Daily