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 said he’d not do it five years ago.

He disclosed a round of financing, tens of millions of U.S. dollars, from an international investment agency.

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Chelsea Dong

She reads, travels, photographs and writes, with interests in chronicling China tech scene and interpreting how technology disrupts the way people live.