China’s film market enjoyed a record-breaking Lunar New Year, amassing $1.31 billion in total box office revenue over the seven-day holiday period.

The film tech company rode the China Lunar New Year ticket sales hitting its own record high of $1.3 billion on the strength of local releases like 'Ne Zha 2.'

China's box office raked in record takings over the Lunar New Year holiday while domestic spending jumped, data showed on Wednesday, marking a bright showing for Chinese policymakers as they work to spur domestic demand.

There are more box office records for Imax coming out of the just-concluded Chinese New Year holiday with the company notching its biggest ever haul for the annual period. Grossing $53M, Imax exceeded its previous record of $34M,