Wolf Warrior II a hit in the market
With domestic action blockbuster Wolf Warrior II now China's top grossing film, its distributor - Beijing Jingxi Culture and Tourism Co Ltdis also achieving a strong performance in the A-share market, stimulating interest in local media companies.
The film grossed 3.4 billion yuan ($507.2 million) by 10:15 pm on Aug 7, breaking the record previously held by Steven Chow's fantasy comedy The Mermaid with 3.39 billion yuan ticket sales in 2016, according to data released by Maoyan, a major Chinese film database.
Shares in Beijing Jingxi Culture and Tourism Co Ltd closed at 19.07 yuan on Tuesday, increasing 35 percent comparing with the price on July 27, the day Wolf Warrior II screened. With a total of 726 million issued shares, its market value increased during the period by a total of 3.59 billion yuan.
