Cinema stocks jump as China's holiday box office sets revenue record


BEIJING/SINGAPORE: Cinema stocks jumped in Hong Kong on Tuesday as Chinese box offices set a revenue record of over 6 billion yuan ($929.63 million) for the week beginning Feb. 11, following a movie-going rush at the start of Lunar New Year holiday break.

The figure, from data compiled by online ticketing platform Maoyan Entertainment, surpassed the previous week-long record of 5.9 billion yuan set in the same holiday period in 2019, and represents a full recovery from a coronavirus-induced slump last year.

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