China box office: ‘Pegasus 3’ hits $530 million but holiday market lags far behind in 2025

Anand Kumar
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Anand Kumar
Anand Kumar
Senior Journalist Editor
Anand Kumar is a Senior Journalist at Global India Broadcast News, covering national affairs, education, and digital media. He focuses on fact-based reporting and in-depth analysis...
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Pegasus 3 The racing comedy maintained its grip on the Chinese box office last weekend, adding $49.5 million (RMB 351.3 million) to take its cumulative revenue to $529.6 million (RMB 3.76 billion), according to data from Artisan Gateway covering the period from February 27 to March 1. The racing comedy has cemented its place as the clear market mover so far this year – but the rest of the industry is running on fumes compared to last Chinese New Year. Tent poles.

Total weekend ticket sales reached just $107.9 million, and China’s 2026 box office total now stands at $1.41 billion, a 55.9 percent decline compared to the same point in 2025. Last year, of course, the animated juggernaut Ni Cha 2 It was still deep into its historic run, on its way to a $2.2 billion finale that set world records and single-handedly saved China’s film sector from growing distress.

Pegasus 3 Directed by Han Han, a high school dropout who became one of China’s most enduring cultural creators—against the odds. In the mid-2000s, while still in his early 20s, Hahn became one of the country’s most widely read bloggers, issuing scathing posts about politics and society that garnered hundreds of millions of visits. Around the same time, he began taking up rally racing in a serious way, a background that would eventually inform him Pegasus franchise – and later parlayed his fame into a feature film debut with The Road of Youth Continent In 2014. The film grossed $100 million, leading to its own Lunar New Year comedy duckweed ($152 million) in 2017, followed by the start of Pegasus Franchise in 2019 ($255 million). turn 2022, The four seaswas poorly received and underperformed, but Han bounced back Pegasus 2 ($464 million) through holiday 2024. With Part 3 now close to completion with a $600 million take, Han has built one of the most consistent franchises in Chinese cinema — a unique second chapter for a character who rose to fame by picking battles with bureaucrats on the Internet during a far more liberal era of modern Chinese history.

The most notable development in China’s box office rankings last weekend was the mixing of the two titles right behind them Pegasus 3. Yuen Wu Ping martial arts epic Guardians Blades She continued to show off her flexible legs, earning $20.3 million (CNY 144.4 million) over the weekend and rising to $158.2 million (CNY 1.12 billion) cumulatively — enough to surpass Zhang Yimou’s income. intimidationwhich slowed to $14.5 million (RMB 102.6 million) per frame, bringing its total to $155.4 million (RMB 1.1 billion). Both releases have now crossed the important CNY1 billion mark domestically – always a feat, but a far cry from the premium syndicated offerings that typically characterize Lunar New Year releases.

Guardians Bladesadapted from the popular manhwa Biao Renfeaturing a star-studded ensemble led by Wu Jing, Nicholas Tse, Yu Shi, Tony Leung Ka Fei and Jet Li. The Wuxia scene is produced by Woo Ping Pictures, Beijing Dengfeng International Culture Communications, Damai Entertainment, China Film Group, Huaxia Film and others. Its strong word of mouth seems to keep the audience interested even when the post-holiday lane starts to dwindle.

Zhang Yimou intimidationa contemporary spy thriller produced by Damai Entertainment with Alibaba Pictures handling distribution, stars Jackson Ye and Zhou Yilong in a story centered around a national security investigation resulting from the leak of sensitive military intelligence.

In fourth place is Fantawild Animation’s Bonnie Bears: The Hidden Protector It added $13.5 million (95.5 million yuan) over the weekend, bringing its cumulative total to $132.1 million (938 million yuan). The latest installment in the relatable family series, directed by Lin Hueda, follows Briar, Bramble and their companion Vic as they encounter Nian, a legendary monster from the Lunar New Year legend, whose arrival in a fantasy city with supernatural powers lures them.

Rounding out the top five was Hong Kong comedy Night Kingdirected by Jack Ng and distributed by Edco Films, rose in the rankings in its second weekend to overtake Jackie Chan. Panda Plan 2 Among the top five. The film earned $4.8 million (CNY 34.1 million) over the weekend for a cume of $19.7 million (CNY 140 million). Starring Dayo Wong and Sammi Cheng in their first on-screen duo in over a decade, the film takes place in the once-glamorous Tsim Sha Tsui nightclub, as they fight to avoid closure. Night King It was a huge success at home in Hong Kong, where it broke several local records.

As China’s usual ban on film imports ends, Hollywood will return to the market later this week with the release of Maggie Gyllenhaal’s Frankenstein. Bride! on March 6 and Chris Hemsworth’s heist thriller Crime 101 On March 7th. Other titles already set for release in China include Margot Robbie and Jacob Elordi Wuthering Heights On March 13, Sony Animation A goat On March 14 and Marty Supreme On March 20th. MGM’s Hail Mary project And Pixar Hoppers – Similar in style and tone to last year’s top-grossing import Zootopia 2 -It is also rated as promising spring support columns in China.

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Anand Kumar
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Anand Kumar is a Senior Journalist at Global India Broadcast News, covering national affairs, education, and digital media. He focuses on fact-based reporting and in-depth analysis of current events.
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