Director Yu Yang's animated sequel is on track to become China's top-grossing film of all time, while Wanda's 'Detective Chinatown 1900' is also doing big business, with $253 million and counting.

China's film market achieved a record high of 9.5 billion yuan ($1.3 billion) in takings over the Lunar New Year period, 18.8% higher than the same period last year, as movie-goers flocked to cinemas to watch movies such as "Nezha 2".

China's film market enjoyed a record-breaking Lunar New Year, amassing a staggering RMB9.51 billion ($1.31 billion) in total box office revenue over the seven-day holiday period ending Feb. 4, according to a new report from Maoyan Research Institute.